Phuc Sinh, a company based in Ho Chi Minh City known for its coffee production as well as its exports of chilies, cashew nuts, and cassia, has achieved a milestone by becoming the first Vietnamese firm to receive direct backing from the Sail’s & Green fund.
In a recent statement, Phuc Sinh announced that the $25 million loan will be utilized to advance its efforts in maintaining a deforestation-free coffee supply chain.
Established in 2017, Sail’s & Green is dedicated to investing in agricultural enterprises that adhere to Environmental, Social, and Governance (ESG) standards. The fund focuses on fostering green economic growth, enhancing environmental protection, and addressing climate change. Vietnam is among the ten regions receiving investment from this fund.
Vietnamese businesses are increasingly under pressure to adopt ESG practices as global investors demand both financial returns and sustainable practices. The country has committed to achieving net-zero carbon emissions by 2050.