Phuc Sinh secures 15 million USD in funding for green agriculture development

Phuc Sinh and the Dutch Entrepreneurial Development Bank (FMO) signed an agreement for a grant of 15 million USD on the morning of April 4 in Ho Chi Minh City. The funding marks the most recent instance of Phuc Sinh receiving financial support from international organizations.

As of April 2025, Phuc Sinh has secured over 1,000 billion VND in funding from international financial institutions. Notably, Phuc Sinh has allocated 80% of this amount to constructing new facilities and adopting advanced technologies for green projects. These initiatives are compatible with the sustainable development strategy that Phuc Sinh has pursued for over a decade.

After nearly 12 months of discussions and negotiations, FMO made the decision to invest in Phuc Sinh, following an evaluation of the company’s transparency in governance, sustainable development strategy, and the potential for global market expansion. With an established foundation and a firm commitment to green projects and sustainable agriculture, Phuc Sinh has met all the criteria set by FMO.

FMO is a credit institution with an AAA rating from both Fitch and Standard & Poor’s. It shares Phuc Sinh's mission of promoting sustainable agricultural development. Established in 1970, FMO, 51% of which is owned by the Dutch government, is a financial organization that supports the sustainable development of the private sector in emerging and developing markets. FMO achieves this goal by investing in businesses, projects, and financial institutions to foster long-term growth and create a positive impact.

At the signing ceremony, wearing a traditional Vietnamese áo dài, Ammarens, FMO’s Director of Agriculture Business for the Asia region, commented: "Phuc Sinh plays an important role in FMO's strategic plan and the Agricultural, Food, and Forestry Strategy, particularly through its creation of local value and employment opportunities, support for climate change mitigation (reducing deforestation in supply chains and increasing certifications), and contribution to economic growth."

With a 15 million USD (384 billion VND) grant from FMO, Phuc Sinh will invest in the construction of the Phuc Sinh Dak Nong Factory. In addition to enhancing Phuc Sinh’s production capacity, the funding will enable the company to invest in sustainable agricultural development projects, adopt advanced technologies in the supply chain, and increase the value of Vietnamese coffee products. Accordingly, Phuc Sinh aims to promote Vietnam's agricultural sector on the global stage, moving towards a green business model and sustainable development.

Phan Minh Thong, Chairman of Phuc Sinh Group, shared: “Sustainable development is a necessary development trend if a business aims to extend its reach. When Phuc Sinh adopted the ESG principles, we haved improved our internal capabilities and open doors to cooperation with European Funds. FMO is a partner with a rigorous due diligence process and strict requirements; however, these factors only reaffirms the value of what we are building. In just six months, Phuc Sinh has proven that sustainable agriculture is not just a theory, but a practical model that brings practical benefits to both businesses and Vietnamese farmers.”

Founded in 2001, Phuc Sinh is one of Vietnam's leading businesses in the production and export of agricultural products. With a system of internationally accredited laboratories and factories operating under strict standards such as BRC, ISO, KOSHER, and HALAL, Phuc Sinh ensures its products meet the highest quality standards.

Over the last ten years, Phuc Sinh has made significant contributions to the coffee industry, particularly in the European market. The company is currently ranked among the top 6 coffee exporters in Vietnam. With over 20 years of experience, Phuc Sinh continuously innovates, with a commitment to providing high-quality products and pursuing a sustainable development model that combines business interests with those of the community and the environment.

Phuc Sinh was the first Vietnamese business to receive foreign funding for sustainable development goals. After becoming a leading brand in the agricultural sector, Phuc Sinh embraced a green economy mindset. Phan Minh Thong, the founder of Phuc Sinh Group in 2001, had a strong environmental and climate-conscious approach from the very beginning of his entrepreneurial journey.

Under pressure from customers and the market, Phuc Sinh launched a sustainable development project aimed at supporting farmers, protecting the environment, and enhancing the value of Vietnamese coffee and pepper in international markets. The project meets the demand of the market, boosts product competitiveness and helps farmers enhance awareness, utilize scientific techniques, prioritize human rights, protect the environment and ecosystems, and contribute to the preservation of natural resources for future generations.