General Director for Vietnam Ganesan Ampalavanar speaks at the Vietnam Economic Forum 2019. (Photo: VNA)

Hanoi (VNA) – Nestle, the world’s largest food and beverage company, has committed to close relations with its Vietnamese partners to create shared value, said the company’s General Director for Vietnam Ganesan Ampalavanar.

Attending the Vietnam Economic Forum 2019, themed “Strengthening the fundamental drivers for rapid and sustainable economic development”, Ampalavanar stressed that long-term growth target requires the joint effort of all 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, underlined the director.

No firm is able to complete all processes on its own, but needs to enhance win-win cooperation with distributors, suppliers, farmers, and state management organisations. As a global brand with a local identity, Nestle Vietnam has pledged long-term investment for sustainable development in Vietnam.

The corporation has worked to ensure its successful operation in tandem with making social contributions when doing business in the Southeast Asian country, he said, adding that the firm helped more than 20,000 coffee growers improve productivity and income through applying advanced cultivating techniques.

Besides, it joined hands with the Ministry of Agriculture and Rural Development and the Central Highlands Agriculture and Forestry Science Institute to distribute more than 28 million seedlings that are resistant to many diseases to local farmers, helping them increase income and protect the environment.

Furthermore, the public-private partnership model that Nestle has joined with several Vietnamese partners has shown efficiency in developing the coffee value chain in the country, said Ampalavanar. –VNA