The additional investment will help meet the growing coffee demand in the global and local markets. At present, the coffee products being produced in the Nestlé Tri An factory are exported to over 29 countries around the world. In addition, Nestlé is also Vietnam's largest coffee buyer, with a total annual purchase value of $700 million per year.
Binu Jacob, managing director of Nestlé Vietnam, said, "The project is a testament to Nestlé's commitment to long-term investment in Vietnam. When fully operational, the factory will meet the needs of the local market and exports. The project is expected to create more jobs and expand long-term investment activities in Vietnam, thereby contributing to the sustainable and thriving economic growth of the country."
Sustainable coffee production is one of Nestlé's important directions in Vietnam. Besides investing in production technology, the Nestlé Tri An factory places emphasis on sustainable development by using clean energy and biomass energy. The factory also adopts circular economy in waste management and water resource conservation.
As a result, the factory can cut 14,000 metric tonnes of carbon emissions per year during coffee processing. Meanwhile, 100 per cent of coffee grounds are converted into biomass energy. Wastewater is processed, recycled, and reused for boilers, saving more than 112,000cu.m of water per year.
To improve Vietnamese coffee beans, Nestlé has implemented the NESCAFÉ Plan in the Central Highlands since 2011. The programme has brought positive solutions to promote the sustainable development of Vietnam's coffee industry, from distributing high-quality coffee saplings to implementing regenerative farming practices and saving water resources and biodiversity.
"With the sustainable business strategy, Nestlé Vietnam creates nutritious products to improve the life quality of Vietnamese, raises the value of Vietnamese coffee beans, and protects and regenerates resources for the future generation," Jacob added.
As of present, Nestlé has made a total investment of $830 million in Vietnam, with four factories and two distribution centres.
Nestlé Vietnam kicks off its Tet 2024 campaign with message "Cau Du La Duoc" Ahead of the Lunar New Year, Nestlé Vietnam has kicked off the campaign Cau Du La Duoc (Wishing for just enough is fine) to encourage people to share their new year wishes with each other and together make efforts to turn them into reality. The event is taking place on January 5, with thousands of valuable gifts for consumers. |
Dong Nai licenses four foreign-invested projects worth over $156 million Dong Nai People's Committee granted investment certificates to four foreign-invested projects with the total registered capital of more than $156 million on January 8. |
Nestlé Vietnam leads Top 100 Sustainable Companies Nestlé Vietnam continues to lead the Top 100 Sustainable Companies (CSI) in 2023 in the manufacturing sector. The company is also among the five most pioneering enterprises in implementing circular economy solutions and carbon emissions reductions. |
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional