Provincial People's Committee grants Investment Certificate for Freeze-dried Instant Coffee Factory Project to Singaporean Enterprise

(binhdinh.gov.vn) - On the afternoon of September 17, at the Provincial People's Committee Office, Chairman of the Provincial People's Committee Pham Anh Tuan granted the Investment Registration Certificate for the Freeze-dried Instant Coffee Factory Project to Future Enterprises Pte.ltd Company under Food Empire Holdings Group (Singapore). This is the first foreign direct investment (FDI) project in Binh Dinh in 2024.

Attending the Investment Certificate awarding ceremony were representatives of the Provincial Economic Zone Management Board, departments, branches and Becamex Binh Dinh Joint Stock Company. On the side of Food Empire Holdings Group (Singapore), there were Mr. Tang Wang Cheow, Chairman of the Group; Ms. Pham Thi Hong Lam, General Director of Indus Coffee Vietnam Company Limited.

Scene of the ceremony

The project of producing freeze-dried instant coffee was granted an Investment Registration Certificate by the Provincial Economic Zone Management Board to Future Enterprises Pte.ltd Company under Food Empire Holdings Group on September 6, 2024. The project is implemented on an area of 7.1 hectares, at Becamex VSIP Binh Dinh Industrial Park (IP), Canh Vinh Commune, Van Canh District, Nhon Hoi Economic Zone. The total registered investment capital of the project is more than VND 2,002.4 billion (USD 80.74 million). The factory has a processing capacity of 5,400 tons of products/year. The project will be implemented from the third quarter of 2024 and completed and put into full production and business in early 2028. The project's operating period is until August 2070.

Chairman of the Provincial People's Committee Pham Anh Tuan (left) presents the Investment Certificate for the Freeze-dried Instant Coffee Factory Project to Mr. Tang Wang Cheow, Chairman of Food Empire Holdings

Mr. Tang Wang Cheow - Chairman of Food Empire Holdings

Speaking after receiving the Investment Certificate from the Provincial People's Committee, Mr. Tang Wang Cheow, Chairman of Food Empire Holdings, said that the group specializes in producing world-leading beverage products, instant coffee, confectionery, and convenience foods, with products consumed in 60 countries. The group decided to invest in Binh Dinh because the province has an important geo-economic position, is the center connecting coffee raw material regions of the whole country; has a synchronous transportation system connecting regions; has an airport and seaport, convenient for transporting export goods.

Members of Food Empire Holdings Group at the ceremony

According to Mr. Tang Wang Cheow, the most special thing is that Binh Dinh authorities have always paid attention and actively supported the Group from the time the Group came to learn about investment until the implementation of investment procedures. In addition, the project is implemented in Becamex VSIP Binh Dinh Industrial Park, a modern Industrial Park with complete infrastructure. Investing in this Industrial Park will certainly benefit a lot from good services, ensuring production and business activities. The Group is committed to investing in a modern freeze-dried instant coffee factory, on schedule, the factory's capacity can be 25% higher than the capacity registered for investment with the province.

Chairman of the Provincial People's Committee Pham Anh Tuan spoke at the ceremony

Speaking at the ceremony, Chairman of the Provincial People's Committee Pham Anh Tuan expressed his joy when awarding the Investment Certificate to Food Empire Holdings Group to implement the project of freeze-dried instant coffee factory in Binh Dinh. The event demonstrated the determination of Binh Dinh province and the trust of Food Empire Group when deciding to invest in Binh Dinh province after only about 3 months of the two sides meeting to discuss investment cooperation.

Provincial leaders and departments and branches of the province

The Chairman of the Provincial People's Committee said that in the development strategy for the next 10 years (2025-2035) according to the planning approved by the Government, Binh Dinh province focuses on developing according to the perspective of going straight to modernity, developing green economy, circular economy and especially digital economy. Currently, large investors are interested in Binh Dinh and are researching and promoting investment. In the industrial development pillar of Binh Dinh province, the province plans Van Canh district, with the investment participation of Becamex IDC, to become an industrial center with the core being Becamex VSIP Binh Dinh Industrial Park. This will be a modern, green and digital industrial park, best meeting the needs of investors. Currently, many corporations and enterprises from many countries around the world have implemented projects in this industrial park and many corporations and enterprises have come to the industrial park to survey and promote investment in projects.

Provincial leaders and departments and branches took souvenir photos with members of Food Empire Holdings Group

Chairman of the Provincial People's Committee Pham Anh Tuan expects the project of the freeze-dried instant coffee factory in Binh Dinh to bring high economic efficiency, creating a positive effect to attract corporations and enterprises from many countries with developed economies, including Singaporean enterprises to Binh Dinh; at the same time, he hopes that Food Empire Holdings Group will continue to research and invest in a number of other fields; connect and introduce the Group's partners to Binh Dinh for investment. Binh Dinh always creates the best conditions for investors to develop sustainably and long-term.

The head of the provincial government also requested the Economic Zone Management Board and Becamex Binh Dinh Joint Stock Company, and relevant agencies to create the most favorable conditions for the project to be implemented quickly and put into operation soon./.