Vietnamese agricultural exporter Phuc Sinh Corporation and Dutch entrepreneurial development bank FMO sign a US$15 million funding agreement, April 4, 2025. Photo: Thao Thuong / Tuoi Tre
This marks the third time the company has received international funding, bringing its total green financing to over $40 million.
In the past, Phuc Sinh received $25 million from Netherlands’ &Green Fund over seven years, and a non-repayable grant of €575,000 ($630,100) from the Dutch Fund for Climate and Development.
The new funding will be used primarily for building factories, investing in technology, and executing green projects.
Employees work at Phuc Sinh Corporation's factory. Photo: Quang Dinh / Tuoi Tre
“We have pursued sustainable development for 16 years, with a focus on Environmental, Social, and Governance (ESG) reporting,” said Phan Minh Thong, chairman of Phuc Sinh Corporation.
“We also maintain a transparent business system and high-quality products.
“Notably, we support farmers in remote areas, helping stabilize their livelihoods without engaging in deforestation.”
Ammarens Bruggenkamp, manager for Agribusiness, Food, and Water Asia at FMO, praised Phuc Sinh for aligning with FMO’s strategic goals, particularly in creating local value and jobs, supporting climate change mitigation, and reducing deforestation in its supply chain.
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