With a total registered investment of US$28 million in the first phase, the Tin Nghia Corporation’s plant is designed to churn out 3,200 tonnes of coffee products per year when it becomes operational in 2018.
The factory will contribute to improving value and brand of Vietnamese coffee, said Dinh Quoc Thai, Chairman of the provincial People’s Committee.
|The ground-breaking ceremony for the instant coffee plant (Photo: baodongnai.com.vn)
Vietnam is the world’s large exporter of Robusta coffee, making annual export earnings of US$3 – US$3.2 billion, said Luong Van Tu, Chairman of the Vietnam Coffee and Cocoa Association.
However, he also noted that raw coffee accounted for 90% of the country’s exports while global demand for instant coffee is on the rise.
Vietnam has opportunities to become a world-leading instant coffee producer thanks to abundant source of Robusta coffee which is the main ingredient to process instant coffee, Tu added.
Tin Nghia Corporation is one of Dong Nai’s largest enterprises and its instant coffee products will be consumed in Northern America, Europe and some Asian – Pacific countries.