Bình Định has granted an investment certificate for Future Enterprises Pte, a member of Singapore’s Food Empire Holdings to develop a freeze-dried instant coffee factory worth VNĐ2 trillion (US$81 million). — Photo vtcnews.vn

Bình Định has granted investment certificate for Future Enterprises Pte, a member of Singapore’s Food Empire Holdings to develop a freeze-dried instant coffee factory worth VNĐ2 trillion (US$81 million).

This is the first foreign-invested project in the south-central coast province this year.

The provincial Management Board of Economic Zones said that the project will cover 7.11ha in Becamex VSIP Bình Định, Nhơn Hội Economic Zone, Cam Vinh Commune, Vân Canh District.

The plant, expected to go operational at the beginning of 2028, will have a capacity of 5,400 tonnes per year and create jobs for more than 200 workers.

The project is expected to create growth momentum for the province’s manufacturing and processing industry while promoting the transition of growth model, as well as attracting new investments into the province.

Chairman of the provincial People’s Committee Phạm Anh Tuấn pledged to create favourable conditions for the investor and to fast track the project. He said that Bình Định wants to further cooperation with Food Empire, as well as attracting more investments from Singapore. — VNS