C.P. Group chairman confirms investment expansion in Vietnam

C.P. Group chairman confirms investment expansion in Vietnam

At the Vietnam – Thailand Business Forum in Hanoi on May 16, Chairman of Charoen Pokphand Group (C.P. Group) Soopakij Chearavanont and the senior management board of C.P. Vietnam (CPV) met with Prime Minister Pham Minh Chinh.

C.P. Group chairman Soopakij Chearavanont (left) and PM Pham Minh Chinh

The chairman of C.P. Group expressed his sincere thanks to the Vietnamese government and the prime minister for consistently creating amenable investment conditions and supporting the group through its development in the country over the past 32 years. C.P. Group has committed to continue to develop here and make Vietnam a hub for smart manufacturing centre in ASEAN through innovation, technology and sustainability practices.

"Following the CPV Food chicken processing complex in Binh Phuoc province, CPV will expand its production and business activities, providing C.P. products to all markets in the region and around the world," said Chearavanont.

Chearavanont shared the company's strategic vision to make CPV a pioneering enterprise, leading and developing in food production and processing, and expanding export markets globally. They are also developing its staff, especially the Vietnamese leadership team, to make deeper contributions to the Vietnamese economy in the new era.

Prime Minister Pham Minh Chinh spoke of his appreciation for the contributions of C.P. Group to the Vietnamese economy. The Prime Minister asserted that agriculture continues to be an important pillar in the national development strategy, not only for the present but also for the next 100 years. Vietnam aims to develop agriculture based on high technology, sustainable ecology, civilised farmers and modern countryside.

The PM emphasised that the socioeconomic development of the nation cannot happen without agriculture. "The activities of CPV in agriculture and the food industry are aligned with the government's vision and will play an important role in the transformation of national agriculture," he said.

Chinh called on CPV to partner with the government in driving double-digit GDP growth through high-tech adoption, digital transformation, value chain optimisation, and long-term raw material contracts, while boosting domestic agricultural processing.

"We will continue to support and accompany farmers and livestock breeders in building a closed-loop chain model from production to deep processing and export, thereby contributing to the construction of a modern, internationally integrated and environmentally friendly agriculture," said Chinh.

Chearavanont reaffirmed his commitment to long-term development in Vietnam. "C.P. Group will continue to expand investment, improve production capacity, act as a bridge to bring Vietnam's livestock products to the world, and continue to stand side by side with the government and people of Vietnam on the journey of sustainable development in the era of Vietnam's rise."

C.P. Group, headquartered in Bangkok, is the largest private company in Thailand and one of the largest corporations in the world. The group covers three sectors of agriculture and food business, retail and distribution, and telecommunications and technology in dozens of countries around the world and hundreds of thousands of employees.

CPV is a member company of the group, operating in agriculture, industry and food processing. CPV provides safe products with clear origin and contributes to the sustainable development of Vietnam's agricultural industry. With more than 30,000 employees, CPV is currently operating dozens of farm factories and research centres across the country, providing millions of tonnes of products each year for the domestic and export markets.

VIR