Nafoods Group Joint Stock Company
Region and country of operations: Asia, Vietnam
Jurisdiction of registration: Vietnam
Business sector: Agriculture
Date of agreement: 3/2020
Finnfund’s financing: USD 5,000,000
Share of Finnfund’s financing: %
Size of project/financing: USD 37,000,000
Environmental and social category: B+
Nafoods Group Joint Stock Company is a Vietnamese fruit manufacturer and exporter with a leading position in passion fruits. The Company is engaged in the production and sales of fruit concentrate and puree, frozen fruit products, passion fruit seedlings, dried fruits and fresh fruits, covering the entire fruit processing value chain from planting to sales. Nafoods group utilizes over 30 different fruits and vegetables in processing varying with seasonality of harvest, including passion fruit, banana, kumquat, pineapple, mango, ginger, coconut, dragon fruit, pomelo, lime and lychee etc. Finnfund’s financing will be used for the contruction of dried fruit manufacturing plant.
Main development impact
Increases income and reliability of income of small-holder farmers by increasing the market demand for fruits and training farmers to adapt sustainable farming certifications. Increases exports and added value per fruit produced.