Hanoi, July 11, 2024 – The Ministry of Agriculture and Rural Development (MARD), in partnership with Suntory PepsiCo Vietnam, organized a Public-Private Partnership Conference in the Multi-Use Value of Forest Ecosystems. The event also marked the launch of the National Forest Passport Initiative.
Attendees included Minister of Agriculture and Rural Development Le Minh Hoan, leaders of Suntory PepsiCo Vietnam, representatives from various authorities, international organizations, NGOs, national parks, and nature reserves.
Promoting Public-Private Partnership in Developing the Multi-Use Value of Forest Ecosystems
Vietnam has over 14.86 million hectares of forests, rich and diverse in ecosystem values. Over the years, the forestry sector has promoted the policy of "socializing forestry" through various mechanisms and policies. Specifically, the Vietnamese Forestry Development Strategy for the period 2021 – 2030, with a vision to 2050, clearly states: "...there should be appropriate mechanisms and policies to support, facilitate, and encourage organizations and individuals from all economic sectors to participate in forestry investment and development."
Today's signing of the Memorandum of Understanding between the Forestry Department and Suntory PepsiCo Vietnam aims to realize these policies. Suntory PepsiCo Vietnam becomes one of the first companies to partner with the forestry sector in sustainable forest development, towards water replenishment and carbon offset.
Key areas of cooperation:
Additionally, both parties will cooperate in areas such as improving mechanisms, policies, as well as communications to raise awareness about nature conservation, biodiversity, the role of forest ecosystems, and water protection.
Speaking at the signing ceremony, Mr. Jahanzeb Khan, General Director and CEO of Suntory PepsiCo Vietnam, shared: "Throughout 30 years in Vietnam, Suntory PepsiCo, has established partnership with key stakeholders, in striving to address environmental and social challenges through strategic partnerships and innovative models, bringing positive impacts to the community. Through strategic public-private partnerships with the Ministry of Agriculture and Rural Development, we not only level up the impact of our ongoing reforestation programs but also pursuing multiple objectives, such as restoring and replenishing more than 100% of the water used in production at all our plants by 2050, contributing to carbon offset and improving livelihoods for local."
Mr. Jahanzeb Khan, General Director and CEO of Suntory PepsiCo Vietnam
The Director of the Forestry Department, Tran Quang Bao, stated: “The overarching goal of the forestry sector is to become an economic-technical sector; to establish, manage, protect, develop, and use forests sustainably,... ensuring broad and equal participation of all economic sectors in forestry activities,... Therefore, the roles of both the public and private sectors are extremely important. We acknowledge the contributions of Suntory PepsiCo Vietnam to sustainable development programs in Vietnam. This cooperation marks a significant step forward between the two parties in developing sustainable forests and leveraging the multi-use value of forest ecosystems.”
Mr. Tran Quang Bao, Director of the Forestry Department, MARD
Implementing the “National Forest Passport” Initiative
This is the first time this initiative is being implemented in Vietnam, with the goal of creating a mechanism to promote ecotourism development in national parks and nature reserves. It aims to motivate tourists to experience and explore the values of forest ecosystems. Gradually, it will form a sustainable financial mechanism and create momentum for national parks and nature reserves with tourism infrastructure to attract visitors, while also drawing community attention to the sustainable values of ecosystems.
In the initial phase, the National Park Passport will be rolled out in 34 national parks which have special-use forest system that have tourism activities. Domestic and international tourists can obtain the passport in either paper or electronic form. Passport holders will also have the opportunity to receive incentives and rewards when visiting national parks and meeting the required conditions.
Suntory PepsiCo Vietnam’s Sustainable Development Programs
Guided by the core value of “Growing for Good,” Suntory PepsiCo Vietnam’s sustainable development strategy and goals align with the Vietnamese Government’s sustainable development commitments. Over three decades of operation in Vietnam, the company has continuously strived to realize its commitments through practical and specific programs and initiatives:
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