|Nestlé will expand its investment in Vietnam to double its coffee processing capacity |
This investment has brought the total foreign investment value of Nestlé Vietnam Co., Ltd. to nearly $730 million. Binu Jacob, managing director of Nestlé Vietnam, said that the investment is a testament to the company's long-term investment commitment in the Vietnamese market. Nestlé aspires to create many job opportunities, produce safe, high-quality nutritional products that satisfy the tastes of many customer groups, and contribute to the overall economic development of the country.
“The impact of the COVID-19 pandemic since last year has caused a lot of difficulties to businesses in the food and beverage (F&B) industry. Our business is also facing many problems, from reduced consumer demand, safety issues at work, shortage of workers, and especially supply chain disruptions. The long-term implementation of the 'stay at work' option has caused many challenges and impacted employees, increasing costs and reducing productivity,” he noted.
In this context, Nestlé has devised a strategy with the three main priorities of enhancing employee safety, ensuring business continuity, and implementing programmes and activities to support the community to fight the pandemic.
“However, we still believe in Vietnam's future as a global and regional manufacturing hub and we continue to expand our sustainable investments in Vietnam. The market is a manufacturing centre for electronics, apparel, and footwear for the world. We also ask ourselves how to turn Vietnam into a production centre for packaged F&B products for the whole world because of the country's skilled workforce and great work ethic. Indeed, Nestlé Vietnam is recognised as one of the most efficient and flexible operating systems in all markets where Nestlé Group is present," he added.
|Products made at Nestlé Tri An factory are exported to more than 25 countries around the world |
The Nestlé Tri An factory is one of Nestlé's largest production plants in Vietnam and also one of the group's largest and most modern coffee processing plants in the region. With a view to producing high-quality coffee products to serve the needs of Vietnamese consumers, the products made at Nestlé Tri An factory are exported to more than 25 countries around the world, including demanding markets like Europe, Japan, South Korea, the US, and Australia.
The new investment in this coffee processing plant will help Nestlé Vietnam produce a wide range of products. With advanced production lines, equipment, and technology, Nestlé Vietnam continues to improve the value of Vietnamese agricultural products, especially coffee products, and at the same time increase the exports of "Made in Vietnam" products to the region and the world.
In addition to processing and value-enhancing activities for Vietnamese coffee beans, Nestlé is also the largest coffee buyer with a total annual purchase value of about 20-25 per cent of Vietnam's total coffee output, which is equivalent to $700 million per year.
Le Van Danh, deputy head of the Board of Management of Dong Nai Industrial Parks, shared that, "As one of the big and prestigious investors in Dong Nai province, Nestlé Group's expansion is proof that Dong Nai province and Vietnam continue to be a bright spot for foreign investment. This is especially meaningful in the context that the world is facing the difficulties caused by the COVID-19 pandemic. I see this as an encouragement for reconstruction efforts and economic development during and post-pandemic.”
In response, Binu Jacob said that Nestlé Vietnam believes in the determination of the Vietnamese government to fight against the pandemic as well as the adjustment of pandemic prevention measures to restore socio-economic activities.
“We are committed to supporting the government's dual goals of protecting lives and livelihoods while ensuring people's health goals. The long weeks of social distancing have eroded the mental health of on-site workers and those who have to work from home. We support the government's strategic policy to 'live with the virus safely', reopen the economy and escape Directive 15 or 16 or similar restrictive measures."
|Nestlé ensures strict compliance with food safety, quality management and occupational safety at each stage of operation and production |
Established in 1995, Nestlé Vietnam has continuously expanded investment and diversified products to serve growing food and nutrition demand and improve quality of life for people today and for generations to come. Nestlé Vietnam not only does brisk business, creates jobs, and contributes to the state budget, it also actively contributes to initiatives and programmes for social development, environmental protection, and community development.
In more than 25 years of establishment and development, Nestlé Vietnam has been honoured to receive certificates of merit from the prime minister and many ministries and agencies for its contributions to the State budget, foreign investment, environment, social welfare for employees, product quality, and customer service, among others. For two consecutive years (2019 and 2020), Nestlé Vietnam was voted as one of the Top 3 most sustainable corporations in Vietnam in the manufacturing sector.