April 14, 2025 | 13:09 GMT +7
Hotline: 0913.378.918
April 14, 2025 | 13:09 GMT +7
Hotline: 0913.378.918
The Announcement Ceremony of funding more than VND 600 billion from the Dutch &Green Fund in Phuc Sinh Joint Stock Company.
Mr. Phan Minh Thong, Chairman of the Board of Directors of Phuc Sinh, said that since 2013, the company has received attention from many investment funds but was undervalued. After 11 years, Phuc Sinh cooperated with the Dutch & Green Fund. This investment will be refunded after 7 years.
"This capital will also help Phuc Sinh go further on the path of sustainable development, especially in transforming Vietnam's coffee agriculture industry towards traceable supply chains that do not destroy forests," Mr. Thong shared.
Phuc Sinh plans to use this capital for the following purposes: building a factory in Dak Lak and reinvesting in old factories. In particular, the company has also realized the freeze-dried instant coffee project (28 - USD 30 million). In the next 4 years, Phuc Sinh also plans to increase the value of Phuc Sinh to USD 510 million and aim for an IPO.
Mr. Phan Minh Thong, Chairman of the Board of Directors of Phuc Sinh. Photo: Le Binh.
Mr. Phan Minh Thong added that in addition to the &Green Fund, Phuc Sinh will soon receive investment capital from two more foreign funds, one of which is a non-return investment fund.
The &Green Fund is a global sustainable investment management fund based in the Netherlands. The &Green Fund supports companies by financing their transition to sustainable food and agriculture supply chains that are deforestation-free and biodiversity-protecting, meeting the growing demand for sustainability from import markets in Europe, the United States, and other global markets.
The fund targets deforestation-related sectors, such as palm oil, soy, animal protein, and forestry. Current contributors to the &Green Fund span the globe, including Norway, the UK, the Netherlands, Central Africa, and Vietnam.
Mrs. Natalia Pasishnyk, Sustainability Director at the &Green Fund, commented that Vietnamese agriculture is undergoing many changes and attracting the attention of international investors.
"Phuc Sinh is a financially transparent company that owns an advanced agricultural ecosystem," said Mrs. Natalia.
Translated by Huong Giang
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