Nestle Vietnam has announced an investment of US$132 million at its Tri An factory in Dong Nai Province in the next two years to double its coffee processing capacity, claiming it would turn Viet Nam into a global hub for high-value coffee.

Binu Jacob, managing director of Nestle Vietnam, said: “Viet Nam could absolutely become a production hub for packaged food and beverage products for the whole world thanks to its skilled workforce and strong work ethic.”

Indeed, Nestle Vietnam is recognised as one of the most efficient and flexible operating systems in Nestle Group’s network, he said.

The Tri An factory is one of the company’s largest and most modern coffee processing plants in the region, and besides the local market, its products are also sold in more than 25 countries around the world, including the EU, Japan, South Korea, the US, and Australia.

Suan Win Lee, the company’s supply chain director, said despite the COVID-19 pandemic, its coffee exports in the first nine months of this year grew in double-digits.

“Viet Nam is the second largest coffee producer in the world and also ranks high in productivity. Looking ahead, marginal improvement in productivity, certification and sustainable agriculture should be the focus. Demand for coffee remains and will continue to increase, both domestically and globally.”

Nestle Vietnam was recently awarded the certificate for Creditable Exporter in 2020 by the Ministry of Industry and Trade, the only foreign company in the coffee industry to be so honoured.

The company has also exported other food products it makes.

Established in 1995, it has consistently expanded its investment, reaching $730 million now, and diversified its products, and currently employs 2,200 workers at its four plants. — VNS