Brazilian meatpacking giant JBS has revealed plans to invest $100 million in the construction of two new processing plants in Vietnam. This move aims to strengthen the company’s footprint in Southeast Asia and enhance its global market position.
In a statement issued by the company, JBS confirmed that the new plants will process beef, pork, and poultry, sourcing most of the raw materials from Brazil. The plants will cater to the domestic Vietnamese market as well as other countries across the region.
The investment deal was officially finalized on Saturday, with JBS signing a memorandum of understanding with the Vietnamese government. This follows recent reports that JBS was exploring the possibility of expanding its operations in Vietnam.
The agreement was formalized during a state visit to Vietnam by Brazilian President Luiz Inácio Lula da Silva, where the opening of the Vietnamese market to Brazilian meat was also announced. JBS was part of the official delegation accompanying the president.
Renato Costa, CEO of Friboi, JBS’ beef division, emphasized the dual benefits of the project, stating, “These plants are not just about increasing production capacity; they are about creating value for the local economy, generating skilled jobs, and contributing to food security across Southeast Asia.”
The first facility is set to be constructed in the Khu Công Nghiệp Nam Đình Vũ area, which will feature a logistics center, pre-processing, cutting, and packaging operations. Plans for the second plant are expected to follow in southern Vietnam within two years after the first facility begins operations, with similar infrastructure and logistics capabilities.
Through this investment, JBS is looking to expand its presence in the fast-growing Southeast Asian market while enhancing its role in the global meat industry.
