JBS Announces $100 Million Investment Plan for Factories in Vietnam

JBS has just announced a $100 million investment plan for the construction of two factories in Vietnam, a move aimed not only at expanding its presence in the region but also at strengthening its position in the global market. The plants will be responsible for producing beef, pork, and poultry and will primarily use raw materials imported from Brazil to supply the Vietnamese market and other Southeast Asian countries.

The agreement was formalized earlier today through a Memorandum of Understanding (MOU) with the Vietnamese government, represented by the Northern Investment Promotion, Information and Support Center (NIPISC) and the Sao Do Group, which manages the Nam Dinh Vu Industrial and Non-Tariff Zone. This initiative aligns with the country’s socio-economic development goals, which seek to increase local production and expand its participation in the international meat trade.

According to Renato Costa, President of Friboi, this investment reflects JBS’s commitment to sustainable and strategic growth in Southeast Asia. “The new factories in Vietnam will not just expand our production capacity but represent an investment with a purpose: to create value for the local economy, generate skilled jobs, and contribute to food security across Southeast Asia. We are investing in the future, with a focus on innovation, sustainability, and development,” he stated.

The plan outlines that the first phase of the project will be established in Khu công nghiệp Nam Đình Vũ, where a logistics center will be built with storage capacity, including pre-processing, cutting, and packaging operations. The second phase, to be located in southern Vietnam, is expected to begin two years after the first unit starts operations and will feature similar infrastructure, including a new logistics center and processing plant.

Global Diversification

With this investment, JBS reinforces its interest in diversifying its production by expanding operations in strategic regions. “The partnership between JBS, the Vietnamese government, and our local partners represents a critical strategic step in our geographic diversification. This move not only strengthens our ability to serve the local market but also expands our global presence, creating a robust and sustainable supply chain that positions us even more competitively in the international market,” Costa emphasized.

Job Creation and Technology Transfer

With the establishment of these two factories, the company is expected to generate approximately 500 new jobs in the region, in addition to promoting technical training programs and technology transfer for Vietnamese workers, contributing to the strengthening of the country’s productive sector.

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