In December, PAN Group and C.P. Vietnam have signed a strategic cooperation agreement to support and promote each other’s strengths in the fields of operation and business, in accordance with the business strategy of each party, while promoting sustainable development of the value chains.
As a start, they will cooperate in the sustainable shrimp value chain, raising the level of Vietnam’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 JSC (Fimex VN) to improve the efficiency of shrimp farming, expand shrimp farms, diversify output products and expand export markets.
The 2 parties are committed to cooperating in technology transfer, the application of advanced farming technology and aquaculture digital conversion applications in the shrimp industry.
Apart from the fishery sector, they will also 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 (MoU) to co-operate in a sustainable development program that contributes to the increase of mangrove forest cover area in the Mekong Delta, operated by the International Union for Conservation of Nature (IUCN).
The PAN Group is a leading agriculture and food group in Vietnam and its 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 is a member of Thailand’s Charoen Pokphand Group, an agro-industrial and food conglomerate that operates a vertically integrated business. Over the past 3 decades in Vietnam, the company has developed a fully integrated high-quality business of feed, farm and food by applying the most advanced technology. In 2020, the company inaugurated Vietnam’s first ever poultry complex for exports, which is also the largest of its kind in Southeast Asia, in Becamex-Bình Phuoc Industrial Park.