TẠP CHÍ ĐIỆN TỬ
Singapore’s investor to build $80.64 mln coffee production plant in Binh Dinh province
The new FDI project in the south-central province is expected to produce and export freeze-dried instant coffee, with a production capacity of 5,400 tons per year.
The People’s Committee of Binh Dinh province on September 17 granted an investment license to Food Empire Holdings (Food Empire) from Singapore to build the the Freeze-Dried Instant Coffee Production Plant in the south-central province.
The 100% foreign-invested plant is located in the Becamex VSIP Binh Dinh Industrial Park within the Nhon Hoi Economic Zone in Van Canh district.
The project covers an area of 7.11 hectares, with a total investment capital of more than VND2 trillion ($80.64 million). The project’s goal is to produce and export freeze-dried instant coffee, with a production capacity of 5,400 tons per year, creating new jobs for more than 200 workers. The construction of the projected plan is expected to start this month, with full operation expected by early 2028.
According to Mr. Pham Anh Tuan, Chairman of the Binh Dinh Provincial People’s Committee, in just over 3 months since a working session with Mr. Amrish Rungta, Vice President of Food Empire, the province has completed the procedures to grant the investment license to the company. This is seen as a testament to the province’s determination in attracting investment, and at the same time shows the Food Empire’s confidence in the investment environment in Binh Dinh, Mr. Tuan said.
Morover, this project is one of special interest and high expectations for the province. Mr. Tuan hopes that with the success of this project, many more Singaporean investors will come to Binh Dinh province and Vietnam as a whole.
Mr. Tang Wang Cheow, Chairman of Food Empire, for his part, stated that the company is committed to investing in a modern freeze-dried instant coffee factory and completing the project on schedule. Besides, he also noted that the factory’s capacity can be increased by 25 per cent compared to its initially-regiestered capacity.
The province will closely follow the project, and resolve any difficulties so that it can start operations soon. Mr. Tuan also requested that the Management Board of the Binh Dinh Economic Zone, Becamex Binh Dinh Corporation, and related parties create the most favorable conditions to facilitate the project’s implementation, resolving any issues to expedite the project’s operations.
