By Ivan Bajalovic on Unsplash
Invest in new processing plants for the production of fruit and vegetable drinks or in existing factories to increase capacity and operational efficiency under a B2C model serving end-consumers in the domestic market. Examples of companies active in this space are:
Nafoods Company engages in the production and processing of vegetables and fruit juices in Vietnam. It offers juice concentrates, fresh fruits, IQF fruits and vegetables, and juice/NFC/puree. Nafoods export covers more than 70 countries. It announced a private placement of gross proceeds of about USD 500,000 on March 9, 2020. This transaction involved Endurance Capital Vietnam I Ltd.
In the three years 2017-2019, domestic enterprises such as TH Group, Nafoofs Group, Dong Giao Food Export Joint Stock Company (DOVECO), Lavifood Joint Stock Company, Vina T&T have invested in 8 modern fruit and vegetable processing factories with capacity of 180,000 tons of products/year with an investment capital of VND 6,152 billion (nearly 300 million USD) (24)
Van Ho Fresh Fruit Processing Factory is operated by TH Group. Phase 1: Inaugurated in Sep 2020, with a total investment of VND 1,200 billion (est. USD 55 million) and a design capacity of 100 tons of fruit/day. Main products include longan juice, concentrated orange juice, passion fruit juice, and products made from mango and medlar (22)
The fruit and veggies juice processing factories combined with the development of plantation areas for input supply contribute to increased agricultural productivity, and economic development.
