Binh Dinh Invest

A Singaporean investor invests in a project worth over VND 2,000 billion in Binh Dinh

06/09/2024

On September 6, 2024, the Binh Dinh Economic Zone Management Administration granted an Investment Registration Certificate to the freeze-dried instant coffee factory project invested by Future Enterprises Pte. Ltd (Singapore).

Mr. Amrish Rungta, Vice President of Food Empire Holdings Group (right) at a working session with Binh Dinh Provincial People's Committee

The freeze-dried instant coffee factory project registered by Future Enterprises Pte. Ltd with a total investment capital of over VND 2,000 billion (equivalent to USD 80.74 million) in Becamex Binh Dinh Industrial Park, with a processing capacity of 5,400 tons of coffee/year. According to the plan, the project will be completed and officially put into operation in January 2028.

When put into operation, the project will contribute to creating many job opportunities for local people and, above all, contribute to promoting the province's economy, contributing to the goal of developing the processing industry, improving competitiveness and export output of deeply processed agricultural products. The project marks an important milestone in attracting FDI capital to Binh Dinh province in the acceleration period of the year.

Since the beginning of the year, the province has attracted 40 investment projects with a total investment capital of nearly VND 7,000 billion. Currently, the province is focusing on improving infrastructure and preferential policies to attract more foreign investors from countries with developed industries.

In addition, the province is also promoting investment in foreign markets. It is expected that from now until the end of the year, Binh Dinh province will organize investment promotion campaigns in Singapore, Australia, UAE, France, and Sweden to continue to invite potential investors to invest in key projects in the province.

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