Nestlé Vietnam has announced an additional investment of nearly VND1.9 trillion (US$73.4 million) into its Tri An coffee factory in Dong Nai province, boosting its total investment in the country to nearly VND20.2 trillion (US$780.83 million), The Investor is reporting.
Nestlé Vietnam CEO Binu Jacob said the expansion reflects the company’s confidence in Vietnam’s development potential and its long-term commitment to supporting the country’s growth. He added that Nestlé will continue investing in human capital, technological innovation, digital transformation, and green growth.
This additional investment speaks to coffee being an area of Vietnam’s economy that may be only impacted to a limited extent by possible US tariffs. This is on the grounds that it is one of the biggest coffee growers in the world and relocating coffee production would be challenging for a number of reasons, climate and natural resources in particular.
See also: Coffee in Vietnam: Industry Overview