A Factory of 71,000 sqm Is Coming to Town: Unveiling the “Big Player” Investing 2,000 Billion VND in Producing a Top Vietnamese Product, Leading the Global Market.

An artist’s rendering of the Becamex Binh Dinh Industrial Park project, where the Singapore-based company will invest in a freeze-dried instant coffee production facility. Image source: Becamex

This is a 5,400-ton-per-year freeze-dried instant coffee production project with an investment of over VND 2,000 billion (equivalent to over USD 80 million). The enterprise’s equity for the project is over VND 570 billion, and the mobilized capital is over VND 1,431 billion. The project will be implemented in Becamex Binh Dinh Industrial Park.

On September 7, Mr. Dang Vinh Son, Head of Binh Dinh Economic Zone Management Board, said that they had granted an investment certificate to Future Enterprises Pte. Ltd. (Singapore) to construct a freeze-dried instant coffee factory.

Accordingly, the project will be implemented on an area of 71,000 m2 in Becamex Binh Dinh Industrial Park, Nhon Hoi Economic Zone, Canh Vinh commune, Van Canh district. The project is valid until August 2070.

In terms of construction progress, phase 1, from September 2024 to February 2025, the enterprise will complete the investment procedures as prescribed. Phase 2, from March 2025 – March 2027, construct factories, offices, and other works. The final phase, from April 2027 – January 2028, will involve completing the construction of factories, preparing facilities, installing machinery and equipment, and officially operating.

The Head of the Binh Dinh Economic Zone Management Board requested that the investor strictly comply with the regulations on construction, environment, labor, and related laws throughout the implementation process. Once operational, the over-VND 2,000 billion factory is expected to not only boost coffee exports but also create more jobs and contribute to the economic development of the region.

Singapore Enterprise Invests in a Factory Worth Over VND 2,000 Billion

Future Enterprises Pte. Ltd. is a subsidiary of Food Empire Holdings Group, established in 1992 in Singapore. This enterprise has just been granted an investment certificate for a VND 2,000 billion coffee factory project in Binh Dinh.

Previously, in June 2024, Mr. Pham Anh Tuan, Chairman of Binh Dinh People’s Committee, received and worked with Indus Coffee Company – Food Empire Holdings Group (Singapore) to explore investment opportunities in this province.

At the working session, Mr. Amrish Rungta, Vice Chairman of Food Empire Holdings Group, informed that Indus Coffee is a company of Food Empire Holdings Limited (FEHL). This is a company with a revenue of over USD 250 million, leading in many countries in coffee and coffee products.

Meanwhile, Food Empire Holdings Group has established a modern production facility in India, specializing in manufacturing beverages, instant coffee, confectionery, and convenience foods. Many of the group’s products have been consumed in 60 countries worldwide, including markets such as Russia, Ukraine, Kazakhstan, Central Asia, China, etc. In addition, the group also has up to 24 representative offices and branches in many countries worldwide, including Vietnam.

Food Empire Holdings’ strengths lie in its key brands, including MacCoffee, Petrovskaya Sloboda, Klassno, Hyson, OrienBites, and Kracks. MacCoffee, in particular, is the group’s flagship brand and has consistently ranked among the top 3-in-1 instant coffee brands in the market.

Mr. Amrish Rungta added that the purpose of this visit to Binh Dinh province is to seek opportunities to implement an investment project to build an instant coffee export factory with an area of about 8-10 hectares and a total investment of about USD 80 million.

Talking to the Chairman of Binh Dinh People’s Committee, the Vice Chairman of Food Empire Holdings Group expressed interest in the factory construction site and investment procedures, including construction permits, power supply for production, etc.

Becamex Binh Dinh Industrial Park, also known as Becamex VSIP Binh Dinh Industrial Park, is considered one of the key projects of Binh Dinh province. This industrial park covers an area of 1,374 hectares, with a total investment of VND 7,500 billion, in Nhon Hoi Economic Zone, and its first phase was inaugurated in early 2024.

The Becamex Binh Dinh Industrial Park project is a joint venture between Becamex IDC Corporation and VSIP Group, two leading industrial real estate developers in Vietnam. Prior to the Singapore-based company’s instant coffee factory project, the industrial park has attracted over four FDI projects with a total investment of USD 100 million.

Reference: Binh Dinh EZ, Customs, Investopedia