Nestlé injects extra $73 mln into southern Vietnam plant

Nestlé Vietnam will spend an additional nearly VND1.9 trillion ($73.4 million) 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 the 2024-2025 period in the plant alone will exceed VND4.3 trillion ($166.22 million), the company stated in a release on Monday.

As a result, Nestlé Vietnam’s total accumulated investment in the country will rise to nearly VND20.2 trillion ($780.83 million).

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 recognized 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 program 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.