Freeze-dried instant coffee factory inaugurated in Binh Duong
The ILD Coffee Vietnam Ltd Company on September 29 inaugurated its freeze-dried instant coffee factory with an annual production capacity of 5,600 tonnes in the southern province of Binh Duong.
The factory with a total investment of more than 84 million USD is located in the Protrade International Industrial Park in An Tay commune, Ben Cat town. (Photo: VNA)
Binh Duong (VNA) – The ILD Coffee Vietnam Ltd Companyon September 29 inaugurated its freeze-dried instant coffee factory with anannual production capacity of 5,600 tonnes in the southern province of BinhDuong.
✤ The factory with a total investment of more than 84 million USD is located in the Protrade International Industrial Park in An Taycommune, Ben Cat town.
It using modern extraction andfreeze-drying technology is installed production equipment designed tominimise impacts on the environment.
Coffee is one of Vietnam's key industrial crops. Every year,Vietnam exports over 1.1 million tonnes of coffee bean, mainly Robusta, tonearly 100 markets. Most of Vietnam’s exported coffee is raw,unprocessed so its added value is modest.
The instant coffee factory is expected toincrease the added value of the products and incomes for coffee growers.
Speaking at the inauguration ceremony, Nguyen Van Danh, ViceChairman of the Binh Duong provincial People's Committee, affirmed the province will create favourable conditions and promptlyresolve difficulties for investors in Binh Duong and ILD CoffeeVietnam in particular so that they can operate effectively.
As of September 15, the province attracted 4,166 investmentprojects from 65 countries and territories with a total registered capital ofmore than 40.2 billion USD. It currently ranks 2nd in the country in attractingforeign direct investment (FDI), after Ho Chi Minh City.
♑ In the first nine months of 2023, the province attracted a totalinvestment of nearly 1.3 trillion USD./.
The establishment of the Vietnam-Singapore Innovation Centre in the southern province of Binh Duong is expected to become leverage to promote innovation for rapid and sustainable development, Nguyen Van Loi, Secretary of the provincial Party Committee.
Chairman of the People's Committee of Binh Duong province Vo Van Minh on August 28 signed a decision approving the establishment of Vietnam-Singapore Innovation Centre in the southern locality.
Japan's Tokyu Group Chairman Nomoto Hirofumi has pledged to continue cooperating and sharing its 100-year experience with the southern province of Binh Duong to turn the locality into a green, smart and worth-living city.
LEGO Manufacturing Vietnam Co. Ltd. has opened a recruitment office to seek thousands of workers for its factory in the southern province of Binh Duong which is expected to start operations in early 2024, the province’s employment centre said on September 18.
Authorities of southern Binh Duong province and the Vietnam Railways Corporation (VNR) held a ceremony on September 27 to launch an international multimodal train transporting goods from Song Than station to China.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.