17/09/2024
On September 17, the People’s Committee of Binh Dinh Province held a ceremony to award the investment registration certificate to Future Enterprises Pte. Ltd. (Singapore) for their cold-dried instant coffee production plant project.
The cold-dried instant coffee production plant project by Future Enterprises Pte. Ltd. (Singapore) is a fully foreign-invested venture situated in the Becamex VSIP Binh Dinh Industrial Park. Spanning 7.11 hectares, the project involves an investment of over 2,000 billion VND (approximately 80.74 million USD) and is designed to produce 5,400 tons of coffee annually.
Mr. Tan Wang Cheow, Chairman of Food Empire Holdings, the parent company of Future Enterprises Pte. Ltd., explained that the group is a global leader in producing beverages, instant coffee, confectionery, and convenient food products, with distribution in 60 countries. The decision to invest in Binh Dinh was driven by the province’s strategic geo-economic location, making it a central hub for connecting Vietnam’s coffee-growing regions. Furthermore, Binh Dinh offers a well-developed transportation network, including road, airport, and seaport infrastructure, ensuring efficient logistics for export operations.
Additionally, the Binh Dinh authorities have demonstrated unwavering support, actively guiding the group from the initial stages of investment exploration through to the execution of investment procedures. The project is being established within the Becamex VSIP Binh Dinh Industrial Park, a modern facility with comprehensive infrastructure. Investing in this industrial park will undoubtedly yield substantial advantages, providing access to high-quality services that facilitate efficient business and production operations.
