Brazil’s JBS to inject $100 million to build two meat factories in Vietnam

The plants will be responsible for producing beef, pork, and poultry and will primarily use raw materials imported from Brazil to supply the Vietnamese market and other Southeast Asian countries.

The agreement was formalised through an MoU with the Vietnamese government, represented by Northern Investment Promotion, Information, and Support Centre and Sao Do Group, which manages the Nam Dinh Vu Industrial and Non-Tariff Zone in Haiphong. This initiative aligns with the country’s socioeconomic development goals, which seek to increase local production and expand its participation in the international meat trade.

According to Renato Costa, president of Friboi, a JBS subsidiary,this investment reflects JBS's commitment to sustainable and strategic growth in Southeast Asia. “The new factories in Vietnam will not just expand our production capacity but represent an investment with a purpose: to create value for the local economy, generate skilled jobs, and contribute to food security across Southeast Asia. We are investing in the future, with a focus on innovation, sustainability, and development,” he stated.

The plan outlines that the first phase of the project will be established in Nam Dinh Vu Industrial Park, where a logistics centre will be built with storage capacity, including pre-processing, cutting, and packaging operations. The second phase, to be located in southern Vietnam, is expected to begin two years after the first unit starts operations and will feature similar infrastructure, including a new logistics centre and processing plant.

"The partnership between JBS, the Vietnamese government, and our local partners represents a critical strategic step in our geographic diversification. This move not only strengthens our ability to serve the local market but also expands our global presence, creating a robust and sustainable supply chain that positions us even more competitively in the international market," Costa emphasised.

With the establishment of these two factories, the company is expected to generate approximately 500 new jobs in the region, in addition to promoting technical training programmes and technology transfer for Vietnamese workers, contributing to strengthening the country's productive sector.

Brazil's JBS S.A. eager for more investment opportunities Prime Minister Pham Minh Chinh met with Renato Costa, general director of Friboi Company, a member of JBS S.A. Brazil and Brazil's Ambassador to Vietnam Marco Farani on the afternoon of February 13.

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