Hanoi (VNA) – Nestle, the world’s largest food and beveragecompany, has committed to close relations with its Vietnamese partners tocreate shared value, said the company’s General Director for Vietnam GanesanAmpalavanar.
Attending the Vietnam Economic Forum 2019, themed “Strengthening thefundamental drivers for rapid and sustainable economic development”, Ampalavanar stressed that long-term growth target requires the joint effort ofall economic sectors based on the principle “Creating Shared Value”.
As the private sector has contributed largely to the country’s economic growth,mutual understanding and collaboration between state-owned and private firms,as well as between domestic and FDI businesses, should be promoted.
Developing a “common voice” between policymakers, policy enforcement agencies,and economic sectors is key to sustainable growth of the economy, underlinedthe director.
No firm is able to complete all processes on its own, but needs to enhancewin-win cooperation with distributors, suppliers, farmers, and state managementorganisations. As a global brand with a local identity, Nestle Vietnam haspledged long-term investment for sustainable development in Vietnam.
The corporation has worked to ensure its successful operation in tandem withmaking social contributions when doing business in the Southeast Asian country,he said, adding that the firm helped more than 20,000 coffee growers improveproductivity and income through applying advanced cultivating techniques.
Besides, it joined hands with the Ministry of Agriculture and RuralDevelopment and the Central Highlands Agriculture and Forestry ScienceInstitute to distribute more than 28 million seedlings that are resistant tomany diseases to local farmers, helping them increase income and protect the environment.
Furthermore, the public-private partnership model that Nestle has joined withseveral Vietnamese partners has shown efficiency in developing the coffee valuechain in the country, said Ampalavanar. –VNA