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

Proposed VAT reduction expected to boost consumption, businesses' growth
Economy

Proposed VAT reduction expected to boost consumption, businesses' growth

The Ministry of Finance (MoF) has proposed a 2% reduction in value-added tax (VAT) from July 1, 2025 to December 31, 2026, expanding eligibility to include fuel, petroleum, and certain technology products and services. Experts have believed the measure will stimulate consumption, support businesses, and drive economic growth.

Aquacultural cooperation exemplifies Vietnam - Cuba relations
Economy

Aquacultural cooperation exemplifies Vietnam - Cuba relations

Floating fish cages on La Juventud reservoir in Palacios town, Pinar del Rio province, stand as a testament to the Vietnam – Cuba friendship as Vietnam's tilapia farming technology has transformed this region into a key aquacultural hub, contributing to the Caribbean nation’s food security.

Shrimp industry advised to take actions to maintain growth momentum
Economy

Shrimp industry advised to take actions to maintain growth momentum

Despite the robust growth of Vietnam's shrimp exports with a presence in 107 markets worldwide, experts held that in order to maintain this momentum and effectively seize new market opportunities, the shrimp industry must proactively enhance production conditions and standardise processes from production to trade.