Nafoods Group signs $20 million contract with Dutch Business Development Bank (FMO)

This agreement affirms the two sides' shared commitment to developing green, sustainable agriculture, associated with social responsibility and environmental protection.

Also shows,Nafoods Groupincreasingly affirming its position as a trusted destination for the world's leading green investment funds (Green Funds).

At the signing ceremony, Mr. Nguyen Manh Hung - Vice Chairman of the Board of Directors, General Director of Nafoods Group said: Nafoods Group and FMO agreed to cooperate with a funding package of 20 million USD to improve production capacity and seize opportunities for sustainable growth.

This investment is of particular importance in realizing5-year development strategy (2025–2030). In which, the core goal is to make Nafoods a pioneer corporation in developing a digital, green and sustainable agricultural chain.

This capital will be allocated by Nafoods Group to key projects of strategic significance. Including: 12.5 million USD to invest in expanding production capacity and product depth for factory clusters in the system; 2.5 million USD for sustainable development projects, reducing environmental impact and limiting the risk of global warming; the remaining 5 million USD will be used to supplement working capital, serving the group's long-term development strategy.

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This partnership is particularly meaningful to FMO for two reasons. Firstly, Nafoods is our first customer in the fruit processing and exporting sector in Asia.

Second, this partnership fits with FMO’s strategy of diversifying into more agricultural sub-sectors, supporting farmers and sustainable businesses.

Agriculture is the backbone of many economies, and by working with businesses like Nafoods, we believe we can create comprehensive and profound positive changes.

Mr. Bas Revelt - Senior Investment Director, FMO representative