Tuesday, 16 Oct 2018
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ECONOMYAGRICULTURE

PM suggests PepsiCo process Vietnamese farm produce

Updated at Wednesday, 15 Aug 2018, 11:34
The Hanoitimes - Vietnamese Prime Minister Nguyen Xuan Phuc has urged further cooperation between Pepsico`s global distribution chains and Vietnam`s agricultural products, contributing to the sustainable development of the country`s cultivation.
In addition to tea and potato, Prime Minister Nguyen Xuan Phuc suggested PepsiCo Vietnam to include artichoke into the company's distribution chains, according to the government portal. 
 
Vietnamese Prime Minister Nguyen Xuan Phuc and Mike Spanos, CEO of the Asia, Middle East, and North Africa unit of PepsiCo. Source: VGP.
Vietnamese Prime Minister Nguyen Xuan Phuc (r) and Mike Spanos (l), CEO of the Asia, Middle East, and North Africa unit of PepsiCo. Photo: VGP.
Other than being a popular type of tea, the PM hoped PepsiCo would make a high-added value products from this vegetable.

The move would create significant cooperation between Pepsico's global distribution chains and Vietnam's agricultural products, contributing to the sustainable development of the country's cultivation, said Phuc at a meeting with Mike Spanos, CEO of the Asia, Middle East, and North Africa unit of the US-based PepsiCo on August 14. 

Phuc highly spoke of PepsiCo's decision to expand the company's cultivation area of potato in Vietnam's central highlands province of Lam Dong from 55 to over 450 hectares, while supporting farmers with cultivation skills in increasing output three times the average level. 

In 2017, PepsiCo sourced over 5,000 tons of potatoes from Vietnam for its production, and more importantly, saving 1 million liters of waters thanks to modern irrigation technology. 

According to Spanos, Vietnam is one of the top priority markets of PepsiCo, for which the company has invested more than US$500 million over the last five years, employing 3,000 workers. 

The company is implementing cooperation programs with Vietnamese farmers and supporting over 580 farm households, Spanos informed. 

PepsiCo is keen to do long-term business in Vietnam in the field of food and beverages, among others, he added.
Nguyen Tung
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