New freeze-dried instant coffee factory to be built in Bình Định

Construction on the plant is expected to begin in March 2025 and be completed in January 2028.

Roasted coffee beans. — VNA/VNS Photo

A freeze-dried instant coffee factory expected to cost over VNĐ2 trillion (US$80.74 million) will be built in the central province of Bình Định, the provincial Investment Promotion Centre has announced.

Funded by Future Enterprises PTE Ltd., the plant will have an annual capacity of 5,400 tonnes of product. It will cover over 7.1ha in the Becamex Bình Định Industrial Park in Văn Canh District's Nhơn Hội Economic Zone.

Construction on the plant is expected to begin in March 2025 and be completed in early 2028.

Since the beginning of this year, the province has also attracted 39 other investment projects, with a total registered investment capital of more than VNĐ4.84 trillion ($196.63 million), according to the centre.

Of these, 31 projects fall under the industrial sector; three in agriculture, forestry and fisheries; two in port services and logistics; two in construction and infrastructure; and one in trade, services and tourism.

Investors have also added more than VNĐ1.92 trillion to existing projects in the region.

Economy

VNA
Economy

Vietnam makes bold step to improve business climate: VCCI report

Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Binh Dinh seeks German investment in offshore wind power project
Economy

Binh Dinh seeks German investment in offshore wind power project

The central province of Binh Dinh always create favourable conditions for investor to explore opportunities and invest in the locality, the provincial Party Secretary Ho Quoc Dung said during a working session with Helga Margarete Barth, German Ambassador to Vietnam, and representatives from the German Chamber of Commerce and Industry in Vietnam (AHK Vietnam), and PNE Group on October 30.

Vietnam, Laos step up trade, tourism promotion
Economy

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).