Phuc Sinh secures $15 million investment from Dutch investor for sustainable expansion
By Kieu Mai
April 04, 2025 | 11:40 AM GMT+7
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.
The signing ceremony between Phuc Sinh and FMO
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.
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