HCMC – The south-central province of Binh Dinh has approved a project of Singapore-based Food Empire Holdings to develop an US$80.7-million freeze-dried instant coffee factory, according to local media reports.
Pham Anh Tuan, chairman of the province, yesterday (September 17) handed over an investment registration certificate to Future Enterprises Pte. Ltd., an affiliate of Food Empire Holdings.
This is the first foreign-invested project to be approved in Binh Dinh this year.
The facility will be located at Becamex VSIP Binh Dinh Industrial Park within the Nhon Hoi Economic Zone in Canh Vinh Commune, Van Canh District.
A representative of the Binh Dinh Economic Zone Management Board said that the facility will cover 7.1 hectares.
The factory will have an annual production capacity of 5,400 tons of freeze-dried instant coffee, primarily for export, and is set to operate for 46 years from September 6, 2024, when the investment registration certificate was issued.
The plant is expected to be fully operational by early 2028.
