Approved investment in 20 coffee processing projects worth over 4,000 billion VND

THANH QUỲNH |

Dak Lak has approved the investment policy for 20 coffee processing projects with a total capital of more than 4,000 billion VND.

Dak Lak is the locality with the largest coffee area in the country with more than 212,000 hectares. Up to now, Dak Lak coffee has been present in the market of more than 60 countries and territories.

According to the Department of Planning and Investment of Dak Lak province, from 2016 to present, 20 coffee processing investment projects with a total investment capital of VND 4,087.73 billion have been approved for investment.

Of which, there are 3 projects with foreign direct investment with a total capital of 2,075.4 billion VND including: DakMan Vietnam Project of 2/9 Import-Export Company Limited and ED&F Vietnam Holding B.V.

The established economic organization is DaKMan Vietnam Company Limited with a total investment capital of 117,356 billion VND.

Coffee and cocoa bean processing project of Sucden Holding B.V (Netherlands). The established economic organization is Sucden Coffee Vietnam Co., Ltd. with a total investment capital of 109,201 billion VND.

Project of Delicious Coffee Instant Coffee Processing Factory of CCL Products Company Limited. The established economic organization is Delicious Coffee Company Limited, with a total investment capital of 1958 billion VND.

Viec thu hut cac nha dau tu da giup ca phe Dak Lak di xa hon. Anh: Thanh Quynh
Attracting investors has helped Dak Lak coffee go further. Photo: Thanh Quynh

There are 17 domestic investment projects with a total investment capital of VND 2,003.37 billion. Of these, 11 projects are in operation, the rest are carrying out investment preparation procedures.

Some typical projects have been put into operation effectively such as: Instant coffee processing factory of An Thai Coffee Company, investment capital of about 294 billion VND; Coffee processing factory, agricultural products for export, ground coffee of Intimex Import-Export Joint Stock Company, investment capital of 30.8 billion VND.

According to the general orientation of attracting investment of the province, the Department of Planning and Investment will continue to focus on calling for investment in coffee production and processing projects in industrial parks and industrial clusters in the province.

THANH QUỲNH
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