Nafoods Group Joint Stock Company successfully held a ceremony to announce investment cooperation with IFC and 2022 strategy

On June 28, 2019, Nafoods Group Joint Stock Company successfully held a ceremony to announce investment cooperation with IFC (a member of the World Bank Group) and the 2022 strategy in Hanoi.

The ceremony is proudly held with the participation of Mr. Le Thanh Hoa – Acting Director of Department of Agro-product Processing and Market Development, Board Executives of partner banks, investors, shareholders, Nafoods Group and IFC. In addition, the ceremony also drew attention and support of the media agencies in Hanoi

Speaking at the event, Mr. Nguyen Manh Hung, Chairman / CEO of Nafoods said, “The investment and technical advice of IFC came at the right time as we are trying to add more value to our products by applying the principles of safe and sustainable agricultural practices and improving production facilities.

‘We believe that improving production capacity will allow us to create more opportunities to increase income for local farmers and meet the requirements of high-value export markets”.
Along with the funding, IFC will advise Nafoods Group to implement the company’s food safety management system for its cold supply chain in accordance with the widely recognized 22000 Food Safety System Certification. This will help the company to ensure quality and minimize loss.

Mr. Kyle Kelhofer, Regional Director of Vietnam, Cambodia and Laos said: “While Vietnam is making efforts to improve economic competitiveness and access to international markets, the development of export agricultural enterprises with high value added content will help fully unlock the potential of the whole industry. The efforts of agribusinesses such as the Nafoods Group will contribute to the transformation of Vietnam’s agricultural sector, create better jobs and improve the income and livelihoods of rural areas”.