Future Enterprises, a subsidiary of Singapore’s Food Empire Holdings Group, has received a licence to build a coffee processing plant in central Vietnam’s Binh Dinh Province, The Investor is reporting. The factory, set to cost roughly US$80 million, will reportedly be able to produce 5,400 tons of instant coffee a year.
This announcement is in line with Vietnam being one of the biggest coffee producers in the world. This has seen a number of key international brands develop processing facilities in Vietnam. Notably, last year, France’s Louis Dreyfus Company and Poland’s Instanta Sp. z o.o. inaugurated a freeze-dried instant coffee production facility in Vietnam’s Binh Duong province. The project reportedly cost US$84.2 million with a capacity of 5,600 tonnes.