Singapore invests over US$80 million in coffee factory in Binh Dinh
The Binh Dinh Economic Zone Management Board on September 17 decided to grant an investment registration certificate to Food Empire Group of Singapore to construct a US$80.74 million freeze-dried instant coffee factory in Binh Dinh province.
Construction work is scheduled to get underway this September and the facility will be put into operation by early 2028.
Covering on an area of 7.11 hectares, the freeze-dried instant coffee factory will be located in Becamex VSIP Binh Dinh Industrial Park of the Nhon Hoi Economic Zone in Canh Vinh commune of Van Canh district.
The factory will produce and export freeze-dried instant coffee, with a capacity of 5,400 tonnes of products annually and an operating period of 46 years from the date of issuance of the investment registration certificate.
Representatives of the Binh Dinh Provincial Economic Zone Management Board stated that once fully operational, the project will contribute to launching new industrial products, thereby becoming a growth driver for the province's processing industry, opening up new investment opportunities, and creating new jobs for more than 200 workers in the process.
Source: VOV
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