Phuc Sinh has secured an investment of up to $25 million from SAIL Investments. (Photo: Phuc Sinh)
On August 15th, Phuc Sinh Corp., a Vietnamese agricultural product trading company, announced that it has received a green investment of up to $25 million from the Dutch & Green Fund. This marks the first time a Vietnamese company has achieved such a milestone.
The funds will be used to expand the sustainable coffee supply chain and reduce deforestation. This not only proves that Vietnamese enterprises' sustainability actions are being recognized but also highlights the carbon reduction pressures of exporting to European and American markets.
Phuc Sinh sets the bar with $800M in sustainable investments
According to its official website, Phuc Sinh Corp. was established in 2001 and specializes in the import and export of spices and agricultural products. With over 20 years of experience in coffee bean production and processing, it is also the first trader to export freeze-dried green peppercorns to the United States and the European Union. The company has an annual export total of $300 million, with coffee accounting for 60%, pepper for 30%, and other spices making up the remaining 10%.
