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CJ Group, based in Korea, continues to strengthen its foothold in Vietnam, marking the country as a strategic market for its diverse business ventures. With a robust investment history since 1998 amounting to USD 1 billion, CJ Group has expanded its portfolio to encompass 24 member companies in Vietnam alone. The company’s revenue in 2023 reached USD 1.4 billion.
Focus on Food Sector and Shrimp Exports
Central to CJ Group’s strategic vision is its commitment to enhancing Vietnam’s culinary heritage and promoting its food exports globally. With a keen interest in the food sector, including processed shrimp, CJ Group aims to leverage Vietnam’s rich resources to bolster its export capabilities. This initiative not only fosters economic growth but also amplifies Vietnam’s influence in the global seafood market.
Recognizing Vietnam as its regional headquarters, CJ Group is dedicated to showcasing Vietnamese culinary traditions to the world. Among its array of products are seafood spring rolls, highlighting the country’s renowned seafood offerings. These products not only cater to local tastes but also cater to international markets, thereby fostering cultural exchange and culinary diplomacy.
Future Prospects and Collaborative Efforts
Prime Minister Pham Minh Chinh commended CJ Group’s impactful contributions to Vietnam’s economy and encouraged further collaboration in various sectors, including logistics, entertainment services, and biotechnology. The government pledges to consider CJ Group’s policy recommendations seriously, ensuring a conducive business environment while safeguarding domestic production against smuggling.