JBS to Invest in Two New Meat Plants in Vietnam
Brazilian meatpacking giant JBS has announced a $100 million investment to build two meat processing factories in Vietnam, marking a strategic move to expand its presence in Southeast Asia and strengthen its global market reach.
Key Project Details:
- First Factory: Located in the Nam Dinh Vu Industrial Park in Haiphong (northern Vietnam), this facility will include a logistics centre, along with storage, pre-processing, cutting, and packaging capabilities. It will primarily process beef, pork, and poultry using raw materials imported from Brazil, aimed at supplying both the domestic market and regional customers.
- Second Factory: Planned for southern Vietnam, construction is expected to begin two years after the first facility becomes operational. It will offer similar infrastructure and capabilities.
The project was formalised through a memorandum of understanding with the Vietnamese government during Brazilian President Luiz Inácio Lula da Silva’s recent state visit to Vietnam.
Renato Costa, president of JBS subsidiary Friboi, stated that the factories are not just about increasing capacity but also about creating value for the local economy. The investment aims to generate skilled jobs, enhance food security across Southeast Asia, and support the transfer of knowledge and technology through training programmes for Vietnamese workers.
The initiative is expected to create around 500 jobs and will contribute to developing Vietnam’s food production and export capabilities.
Original story: Vietnam Investment Review
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