CP Vietnam celebrates 25 years of its operation

Event Calendar Press Releases Friday December 7, 2018 09:49
Bangkok--7 Dec--CPF

CP Vietnam Corporation (CP Vietnam) celebrated the 25th anniversary of its operation in Vietnam with a promise to continuously promote sustainable economy in the country based on its core philosophy "3-Benefit to Sustainability for the Country, People, and Company".

CP Vietnam celebrates a monumental success in the country with a recognition from the government as it is the first-ever Thai company to receive Order of Labour, the 3rd class Award from Vietnam's government.

Mr. Sooksunt Jiumjaiswanglerg, Chief Executive Officer (CEO) - Agro Industrial Business and Co-President, at Charoen Pokphand Foods PCL (CP Foods), said CP Vietnam is the proud achievement of CP Foods. The company has made countless of valuable employee as well as laying down solid business performance toward sustainability principle throughout its 25 years of operation.

He added that CP Vietnam focuses on improving the capacity of all stakeholders and contribution to the society. The recognition from Vietnamese people reflected through this honourable order from the government.

Mr. Montri Suwanposri, President of CP Vietnam, said the order approved by the president of Vietnam, was given as a recognition for the company's long-term contributions to economy and human development. It reflects the success of company's principle "3-Benefit to Sustainability for the Country, People, and Company".

"The company would like to express our utmost gratitude toward the government of Vietnam for 25 years of support. Moreover, we would like to thank farmers who work with us, our employees and Vietnamese consumers for supporting our products," he said.

Mr. Montri explained that the company is operating agro-industrial businesses, including Feed – Farm –Food model. The company has created jobs for over hundred thousand families across Vietnam.
"CP Vietnam is one of an outstanding taxpayer of Vietnam for several consecutive years. In addition, the company's revenue also directly supports CP Foods business," said Montri.

In 1993, CP Vietnam was established as a food conglomerate, covering both livestock and aquaculture businesses. Nowadays, it has more than 20,000 employees. Over 98% of the staffs, including high-level managements, are Vietnamese.

Mr. Jirawit Rachatanan, Executive Vice President - Swine Business of CP Vietnam, said the company produced 5 million pigs, 200 million eggs and 80,000 tons of chicken product in 2017. Some of these outputs were from the local contract farmers. The contract farming model can greatly mitigate the risk of fluctuate product price. Particularly, 2,410 of its contract farms were not affected by low pork price, which plagued the local pig industry a couple of years ago. Meanwhile, many independent farmers were severely damaged and some of them went out of business.

He added that besides farming, 546 CP Pork shops has run by local entrepreneurs. CP Pork shop initiative has created jobs for the local as well as improving food safety.

The company also reports a significant progress in poultry business. It has recently invested in the first phase of a poultry processing complex for export production. The complex is considered to be the most modern chicken processing facility in Southeast Asia with the capacity of one million chicken per week.

Mr. Adisak Torsakul, Executive Vice President who in charge of the company's aquaculture business, said the company is exporting around 20,000 tons products made from shrimp and pangasius dori to Japan, England, Australia, China and Europe annually.

He added that the company has made a significant success in mitigating risk of the shrimp disease outbreak with "C.P. Combined Model". The approach, which transfers many of the industry's best practices to small scale farming, has gained an approval from both farmers and the government. It helps the farmers to maximize the production while lower fatality rate.

"The achievement in Vietnam's combined shrimp farm has become a role model for CP Foods business across the world," Mr. Adisak said.

Mr. Suphat Sritanatorn, Executive Vice President - Food Processing Business, said the company has gain 20% market share in Sausage market. In 2019, the company will introduce more choices of product to Vietnamese consumers such as sushi, dim sum, and variety of ready-to-eat meals. Furthermore, he said that the Five Star business is now a rising star in Vietnam. As of 2018, 500 families are owning Five Star shops. The company is expected to add 100 more in the next year.

Not only business development but also social contribution, the company sets up CPV's Donation Fund in 2009, providing various kinds of support to the society. One of the key activities is the highly acclaimed blood donation program, which contributed over 62 million cc of blood.

The company also provides volunteer medical volunteers and initiated projects to support underprivileged people.

Mrs. Le Nhat Thuy, Senior Vice President of the company and Chairman of CPV's Donation Fund, explained that Vietnamese people were unlikely to donate blood for a non-family member due to the local belief. However, the CP Vietnam project broke the norm and, therefore, contributing great benefit to public health sector.

In term of industry development, CP Vietnam has introduced modern farming technologies and techniques to local farmers, helping them to improve their outputs and achieving sustainable status. Subsequently, farmers' quality of life is greatly improved in the past two decades.


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