Nafoods Group and FMO representatives at the signing ceremony
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On August 15, 2025, in Ho Chi Minh City, Nafoods Group and the Dutch Entrepreneurial Development Bank (FMO) officially signed a funding agreement worth 20 million USD, aiming to develop a green, sustainable, and digitized agricultural model. This is FMO’s first significant funding in the agricultural processing sector in Vietnam and a notable milestone in Nafoods’ 30-year journey.
According to the cooperation agreement, Nafoods will allocate the 20 million USD as follows: 12.5 million USD for expanding deep processing capacity in factories; 2.5 million USD for investing in ESG programs to reduce emissions and adapt to climate change; and 5 million USD for long-term working capital.
Mr. Nguyen Manh Hung, Vice Chairman of the Board of Directors and General Director of Nafoods Group, speaking at the signing ceremony
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Speaking at the ceremony, Mr. Nguyen Manh Hung, Vice Chairman of the Board of Directors and General Director of Nafoods Group, emphasized that this funding is not just about the capital but also about sharing a sustainable development vision with a major European financial institution.
He affirmed that Nafoods is pursuing a goal to become a billion-dollar agricultural conglomerate by 2045, with five strategic pillars: enhancing product value chains; optimizing operations; flexible global distribution; digital transformation; and sustainable development based on a circular economic model.
Nafoods General Director Nguyen Manh Hung and Mr. Bas Revelt, FMO’s Senior Investment Officer
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Mr. Bas Revelt, FMO’s Senior Investment Officer, shared: “The 20 million USD funding for Nafoods is a special deal for FMO and marks our first large-scale investment in the agricultural processing sector in Vietnam.”
According to Mr. Revelt, Nafoods not only meets financial requirements but also excels in high ESG standards and transparent governance. FMO highly values Nafoods’ commitments demonstrated through CSRD standards and sustainability reports, considering this funding as the beginning of a long-term partnership.
FMO, with 51% of its capital owned by the Dutch government, is currently one of Europe’s largest development institutions, focusing on investing in energy, finance, and agriculture globally. This agreement reflects the organization’s interest in Vietnam’s agricultural value chain.
Before FMO, Nafoods has collaborated with IFC, Finnfund, Endurance Capital, and most recently, on June 30, 2025, signed a 6 million USD funding agreement with responsAbility (Switzerland). The company aims to continue expanding its financial and technological partnerships to build a sustainable agricultural foundation and elevate Vietnamese agricultural products in the international market.
In terms of business results, in the first half of 2025, Nafoods achieved nearly VND 1,030 billion in net revenue and over VND 71 billion in after-tax profit, increasing by 37% and 12%, respectively, compared to the same period last year, thus fulfilling over 50% of its yearly plan.
| Nafoods’ Semi-Annual Business Results |
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– 11:52, August 15, 2025
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