Singapore invests in a coffee factory project worth over VND 2,000 billion in Binh Dinh

On the afternoon of September 17, Chairman of the Binh Dinh Provincial People's Committee Pham Anh Tuan awarded the investment registration certificate for the cold-dried instant coffee production plant project to Food Empire Holdings Group (Singapore). This is the first foreign-invested project in Binh Dinh since the beginning of 2024.

The cold-dried instant coffee production plant project was granted an investment registration certificate by the Management Board of the Binh Dinh Economic Zone to Future Enterprises Pte. Ltd., a subsidiary of Food Empire Holdings, on September 6.

The project will be implemented on an area of 7.1 hectares in the Becamex VSIP Binh Dinh Industrial Park. The total registered investment capital for the project is over VND 2,002 billion, equivalent to USD 80.74 million, with a processing capacity of 5,400 tons of products per year. The project will begin construction in the third quarter of 2024 and is expected to be completed and operational by early 2028. The project’s operational term is 46 years from the date the investment registration certificate is issued.

According to Mr. Tang Wang Cheow, Chairman of Food Empire Holdings, the Group specializes in the production of beverages, instant coffee, confectionery, and convenience foods, with products sold in 60 countries. The Group currently has many representative offices and branches in several countries around the world, including Vietnam.

The Group is committed to investing in a modern cold-dried instant coffee production plant, adhering to the schedule, with the plant's capacity potentially 25% higher than the registered capacity with the province.

Chairman of the Binh Dinh Provincial People's Committee, Pham Anh Tuan, expressed his hope that Food Empire Holdings Group would continue to explore investment in other sectors in Binh Dinh and help connect and introduce the Group's partners to invest in the province.