PAN Group and C.P. Vietnam signed a strategic co-operation agreement on the sustainable development of value chains. — Photo courtesy of the firm

HÀ NỘI — PAN Group and C.P. Vietnam signed a strategic cooperation agreement on Thursday in Hà Nội, agreeing to promote each other's strengths in the fields of operation and business, in accordance with the business strategy of each party.

The two sides commit to supporting each other in expanding and developing business activities, exploiting the best potentials of the market and promoting the sustainable development of the value chains.

They will cooperate in the sustainable shrimp value chain, raising the level of Việt Nam's shrimp industry.

C.P. Vietnam will support the farming areas of the member companies of PAN Group with breed, feed and shrimp farming preparation. 

They will also jointly support Sao Ta Foods Joint Stock Company (Fimex VN) to improve the efficiency of shrimp farming, expand shrimp farms, diversify output products and expand export markets.

They are committed to cooperating in technology transfer, the application of advanced farming technology and aquaculture digital conversion applications in the shrimp industry.

The two sides will also cooperate in activities for the environment and community, towards the 17 United Nations’ sustainable development goals (SDGs) by 2030.

In addition to the fishery sector, they would cooperate, support and connect partners in other fields that they have strengths.

Also under the agreement, the PAN Group and C.P. Vietnam signed a Memorandum of Understanding to co-operate in a sustainable development programme that contributes to the increase of mangrove forest cover area in the Mekong Delta, operated by the International Union for Conservation of Nature (IUCN).

They will both participate in financing and implementing mangrove forest planting, development and rehabilitation activities in the region, enhancing the value and sustainability of the fishery value chain (shrimp and Shutchi catfish), coordinating with partners to take advantage of resources.

They agree to finance a project with a total budget of US$200,000 in the period of 2022 - 2023.

The PAN Group is a leading agriculture and food group in Việt Nam providing high–quality food to international and domestic markets. The PAN Group’s mission is to guarantee food security by supplying safe and nutritious food products in a complete value chain. Additionally, it aims to create sustainable values for farmers, families and society.

C.P. Vietnam Corporation, a member of Thailand’s Charoen Pokphand Group, are an agro-industrial and food conglomerate that operates a vertically integrated business. Over the past three decades of development in Việt Nam, the company has developed a fully integrated and high-quality business of feed, farm, and food by applying the most advanced technology. In 2020, the company inaugurated Việt Nam's first-ever poultry complex for exports, which is also the largest scale in Southeast Asia, in Becamex Bình Phước Industrial Park. — VNS