17/09/2024
On the afternoon of September 17, 2024, at the Office of the People's Committee of Binh Dinh Province, Chairman of Binh Dinh Provincial People's Committee Pham Anh Tuan awarded the Investment Registration Certificate for the Freeze-dried Instant Coffee Factory Project invested by Future Enterprises Pte. Ltd (Singapore).
Provincial People's
Committee Pham Anh Tuan (left) grants the Investment Registration
Certificate to Mr. Tan Wang Cheow (right)
The ceremony was
attended by the representatives of the Provincial Economic Zone Administration
and concerned departments of Binh Dinh Province and representatives of Becamex
Binh Dinh Joint Stock Company. On the side of Food Empire Holdings Group
(Singapore, Mr. Tang Wang Cheow, Chairman of the Group, Ms. Pham Thi Hong Lam,
General Director of Indus Coffee Vietnam Company Limited also attended the
event.
The Freeze-dried
Instant Coffee Factory Project was granted an Investment Registration
Certificate by the Economic Zone Administration to Future Enterprises Pte.ltd under Food Empire Holdings Group on
September 6, 2024. The project has a registered value of more than VND 2,000
billion (equivalent to USD 80.74 million), to be constructed on an area of
7.1 hectares in Becamex VSIP Binh Dinh Industrial Park, Canh Vinh Commune,
Van Canh District. According to the plan, the project will be completed and
officially put into operation in January 2028. The factory will apply advanced
freeze-drying technology, preserving the flavor and quality of coffee. The goal
of the project is to produce and export freeze-dried instant coffee, with a
capacity of 5,400 tons of products/year.
Speaking at the
ceremony, Mr. Tan Wang Cheow, Chairman of Food Empire Holdings, briefed on the corporation
profile, which is specialized in the production of beverages, instant coffee,
and convenience foods consumed in more than 60 countries around the world. Mr.
Tan Wang Cheow also shared the information, "We
hope that with the corporation's contribution, Binh Dinh province will become
an ideal investment destination for international investors as well as
Singaporean investors."
The leaders of Binh
Dinh province emphasized the importance of the project to the sustainable
development of the province and pledged to create all favorable conditions for the
corporation to successfully implement the project. The Chairman of Binh Dinh
Provincial People's Committee expressed his joy and asserted that the project
was the great result of the working session between Binh Dinh provincial
authorities and Food Empire Holdings during a business trip to seek investment
opportunities to build an instant coffee processing factory for export last
June.
The representatives of
the Singaporean enterprise also expressed their confidence in Binh Dinh's
investment environment and their desire for long-term cooperation. The corporation
decided to invest in Binh Dinh because the province has an important economic
geographical position, is the center connecting coffee raw material areas of
the whole country, has a synchronous transportation system connecting different
areas, has an airport, a seaport, convenient for transporting import and export
goods.
According to the Chairman of Binh Dinh Provincial People's Committee, with the investment of Becamex Corporation, Van Canh district’s master plan orients the district to become an "industrial city" with Becamex Industrial Park as its core. The smart urban - service and industrial park shall welcome investment from many large countries.
Leaders of Binh Dinh
Provincial People's Committee presents flowers and congratulates Food Empire
Holdings
The freeze-dried instant
coffee factory project is not only an important step in increasing the added
value of the province's coffee products but also an evident of the effective
cooperation between Binh Dinh and international partners.