US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors
Vietnam’s leading pepper exporter, Phuc Sinh Corporation, has secured a $15 million investment from the Dutch Entrepreneurial Development Bank (FMO), reinforcing its commitment to sustainable development and business expansion.
The funding will be fully allocated to the construction of the Phuc Sinh Dak Nong factory, a key part of the company’s long-term strategy.
With this latest deal, Phuc Sinh’s total funding from international financial institutions has surpassed VND1,000 billion ($40 million), with 80 per cent directed toward factory construction, technological innovation, and green projects.
After nearly a year of negotiations, FMO’s decision to invest was based on Phuc Sinh’s governance transparency, sustainability initiatives, and global market potential. The partnership aims to enhance Phuc Sinh’s production capacity while supporting sustainable agricultural projects and advanced supply chain technology.
"Sustainable development is not just a trend but an essential path for long-term success", said Phan Minh Thong, Chairman of Phuc Sinh. "By integrating ESG principles, we strengthen our internal capabilities and open doors to collaboration with European funds. FMO’s rigorous due diligence validates the value of what we are building."
Ammarens, Manager of Agri Business, Asia at FMO, emphasized that Phuc Sinh aligns with the bank’s strategy for agriculture, food, and forestry. "This investment supports local value creation, job opportunities, climate change mitigation, and economic growth," she said.
Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.