Puratos Grand Place Vietnam

Development impacts

• Local economic growth

  Employment effects: At the full production cycle, the company will hire 15 FTE to manage the grinding line.

  Indirect employment effects: The company currently works with 2000 smallholders. Cocoa sourcing is difficult in Vietnam as the demand is increasing. The company aims to keep the attractiveness of Cocoa crops by providing a decent revenue to the small holders as Cocoa is in competition with other crops such as rubber and pomelo. Therefore, the company also offers training to improve the quality and yields of cocoa crops.

• Private sector consolidation/innovation

  Production technology: The grinding line will be supplied by Bulher (Germany); it will be the first grinding line in the country.

  Completion/interlinking of the production structure: The investment will allow the full transformation of cocoa in Vietnam.

• Food security & rural development

  Improved economic opportunities for farmers: The company currently works with 2000 smallholders. By improving the quality of the beans and offering training to the smallholders, their revenue are expected to increase. This is a primary goal of the company as Cocoa is in competition with other cultivation such as rubber and pomelo. Therefore this should create/improve economic opportunities for smallholders cultivating cocoa.

  Employment creation in rural areas: Sourcing of cocoa beans is not enough to cover the demand and therefore the company would like to increase cocoa plantation and the number of smallholders dedicating to cocoa cultivation. Therefore, the number of jobs related to cocoa production is expected to increase.