Thai food giant CP enters public-private partnership to promote food system transformation

Thai-invested C.P. Vietnam Livestock JSC and the Partnership for Sustainable Agriculture Vietnam (PSAV) signed a memorandum of understanding Friday on working together to advance sustainable agriculture in the country.

The MoU said the public-private partnership (PPP) aimed to promote transformation of Vietnam’s food system towards transparency, accountability and sustainability. PSAV is an agency under the Ministry of Agriculture and Rural Development.

Adding value

Le Minh Hoan, Minister of Agriculture and Rural Development, said at the signing ceremony that PPP was a key part of the strategy to create new drivers for the sector.

Hoan praised CP Vietnam for supporting and enhancing the capabilities of farmers and partners in the livestock value chain. He said the company's involvement exemplified its role as a leader in promoting sustainability in the agricultural sector.

A CP Group representative, Adirek Sripratak, said the group was committed to achieving harmonious outcomes and benefits for the country and its people.

The MoU also includes the promotion of the OCOP (one commune, one product) model.

The partnership will enhance cooperation and trade exchange between the OTOP (Thailand's One Tambon One Product) and OCOP programs at both national and regional levels.

This will include participating in pilot projects to establish OCOP learning centers or Tam Nong OCOP markets, integrating community tourism and encouraging youth involvement to sustain the initiatives.