With a total registered investment of 28 million USD in thefirst phase, the Tin Nghia Corporation’s plant is designed to churn out 3,200tonnes of coffee products per year when it becomes operational in 2018.
The factory will contribute to improving value and brand ofVietnamese coffee, said Dinh Quoc Thai, Chairman of the provincial People’sCommittee.
Vietnam is the world’s large exporter of Robusta coffee,making annual export earnings of 3 – 3.2 billion USD, said Luong Van Tu,Chairman of the Vietnam Coffee and Cocoa Association.
However, he also noted that raw coffee accounted for 90percent of the country’s exports while global demand for instant coffee is onthe rise.
Vietnam has opportunities to become a world-leading instantcoffee producer thanks to abundant source of Robusta coffee which is the mainingredient to process instant coffee, Tu added.
Tin Nghia Corporationis one of Dong Nai’s largest enterprises and its instant coffee products willbe consumed in Northern America, Europe and some Asian – Pacific countries.-VNA