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Masan Group
Environmental & Social Review Summary

This Environmental and Social Review Summary is prepared and distributed in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board of Director’s decision. Board dates are estimates only.
Any documentation which is attached to this Environmental and Social Review Summary has been prepared by the project sponsor and authorization has been given for public release. IFC has reviewed this documentation and considers that it is of adequate quality to be released to the public but does not endorse the content.
Project number 28193
Country
Vietnam(IDA)
RegionEast Asia and the Pacific
SectorOther Food
Department
Company nameMasan Group Corporation
Environmental category:B
StatusActive
Date ESRS disclosedFebruary 18, 2010
Previous EventsInvested: July 6, 2010
Signed: May 11, 2010
Approved: May 6, 2010
View Summary of Proposed Investment (SPI), click here

OverviewCategory &

Applicable Standards
Key Issues

& Mitigation
Community/

Engagements
Client's

Documentation

Overview of IFC's scope of review
The scope of review of Masan Food Corporation (the “Company” or “Masan Food”) compliance with IFC’s Performance Standards and local environmental, social and occupational health and safety standards, included assessment of the effectiveness of the Company’s environmental and social management system for its proposed capital expenditure projects and its ability to ensure and monitor compliance with regulatory requirements and IFC’s Performance Standards in its operations. The review relied on documents and reports made available by Masan Food and interviews conducted by IFC staff during their site visits to their manufacturing facilities located in Hanoi and Ho Chi Minh cities in Vietnam. During the visit IFC staff conducted interviews with key management personnel including plant managers, EH&S staff and Human Resources, as well as various engineering and support staff.
Project description
Masan Food is one of Vietnam’s largest packaged foodstuff companies with five subsidiaries that manufacture soy, chili and fish sauces, granules and instant noodles at facilities located in Hanoi, Ho Chi Minh City and Phu Quoc island in Vietnam. The company is seeking funding from IFC of up to $15 million to support its capital expenditure programs that include expansion in existing production capacity, modernization and setting up of new production lines in Hanoi and Ho Chi Minh City. In addition to its fish sauce blending facilities in Ho Chi Minh City, Masan Food also has a fish sauce production facility on Phu Quoc island in Vietnam. The scope of modernization/expansion will include construction of new production lines for instant noodles in Dai An Industrial Park, Hanoi, and relocation of sauce manufacturing operations from Tan Binh to the Tan Dong Hiep Industrial Park, Ho Chi Minh City. It is anticipated that some packaging operations will continue to operate at the Tan Binh facility post closure of the sauce manufacturing lines. The Company is also considering other opportunities to expand its presence in the agribusiness sector in Vietnam.

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