In a significant boost to Vietnam’s sustainable coffee industry, the Dutch Fund for Climate and Development (DFCD) has awarded a non-refundable aid package of 575,000 EUR (630,786 USD) to Phuc Sinh Corp to support its Environmental, Social, and Governance (ESG) initiatives in the coffee production, processing and export chain. The grant, comprising 75% in cash and technical support, is the largest ever allocated to a Vietnamese company by the DFCD. The DFCD, an initiative of the Dutch Government with a 160 million EUR budget, focuses on enhancing the resilience of communities and ecosystems vulnerable to climate change. Its priorities include clean water, environmental sanitation, forestry and sustainable agriculture.
Source: Vietnam News Agency