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Asia Pacific Coconut Raw Materials Group (AIG) officially broke ground on the ACP2 coconut processing plant on May 11, 2026, at the Long Phước Industrial Cluster in Vĩnh Long Province. The ceremony was attended by Mr. Nguyen Truc Son, Vice Chairman of the Provincial People’s Committee; Mr. Chau Van Hoa, Provincial Party Committee member and Vice Chairman of the Provincial People’s Committee; leaders from provincial departments and local authorities; representatives from the International Finance Corporation (IFC, a World Bank Group member); and representatives from partners, enterprises, and local residents.
ACP2 is the second coconut processing plant under ACP Joint Stock Company (ACP), a subsidiary of Asia Ingredient Group (AIG). The project follows ACP I and is designed to leverage the coconut hub in Vĩnh Long to support the further development of Vietnam’s coconut industry.
ACP2 will be implemented with three main components:
The systems and equipment are imported from Europe, with the project described as meeting stringent global quality standards.
Frederick Cruchet, CEO of project management for Tetra Pak in Southeast Asia, said: “We are proud to partner with you to provide a comprehensive, integrated solution—from processing to packaging—for this key expansion. This plant will not only process coconuts to produce top-quality products but also bring advanced coconut processing technology to the world.”
ACP2 has a total investment of nearly VND 630 billion and will be built on nearly 60,000 square meters. The plant is expected to commence operations in Q1 2027, expanding industrial-scale coconut raw material supply in Vĩnh Long, creating jobs, increasing incomes, and supporting sustainable agricultural development in the locality.
The project is positioned as part of AIG’s broader strategy to establish ACP as Vietnam’s leading coconut processing enterprise and to help Vietnam become a global center for high-quality agricultural material processing and export. Over nearly 25 years, AIG has built an ecosystem of member companies operating multiple deep-processing facilities nationwide, exporting to more than 50 countries and regions, including the United States, Europe, Japan, Korea, and halal markets in the Middle East.
Through collaboration with IFC and the World Bank, AIG said it continues to advance ESG standards, emissions management and reporting, supporting a green and internationally integrated business model. The groundbreaking ceremony also reflects AIG’s ongoing efforts to partner with international players to expand Vietnam’s agricultural value chain and global competitiveness.
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