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Nestlé announces investment expansion in Vietnam operations
Nestlé Vietnam announced on April 21 that the company will increase its operational capital in the country, with a nearly 1.9 trillion VND (73.4 million USD) investment to expand its Tri An factory in the southern province of Dong Nai – one of the group’s most advanced coffee processing plants worldwide.
With this new capital injection, total investment for 2024-2025 in the plant alone will exceed 4.3 trillion VND. As a result, Nestlé Vietnam’s total accumulated investment in the country will rise to nearly 20.2 trillion VND.
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Nestlé Vietnam announces investment expansion in Vietnam operations. |
Binu Jacob, CEO of Nestlé Vietnam, stated that the expansion represents Nestlé’s strong confidence in Vietnam’s development potential, reflecting its long-term commitment to accompanying the country in its era of national rise.
The company will continue to invest in human capital, technological innovation, digital transformation, and green growth, contributing to Vietnam’s comprehensive development in the new phase, he added.
Since 2011, Nestlé’s NESCAFÉ Plan has supported over 21,000 coffee farming households in adopting internationally recognised sustainable farming practices.
These efforts have helped reduce water use by 40–60%, cut chemical fertiliser use by 20%, and increase farmers' incomes by 30–150% through crop diversification.
The programme has also significantly reduced carbon emissions per kilogramme of green coffee harvested.
In addition, more than 467,000 farmers have received training, and over 86 million disease- and drought-resistant coffee seedlings have been distributed, helping rejuvenate coffee plantations and improve the quality of Vietnamese coffee beans.
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Representatives of US businesses affirmed their interest and readiness to invest and expand operations in Vietnam while meeting with Vice Chairman of the National Assembly Vu Hong Thanh in Hanoi on March 19.
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