Coca-Cola Vietnam will invest in a beverage factory with a total capital of more than $136 million in Phu An Thanh Industrial Park, Ben Luc District, the southern province of Long An.
|The total investment capital of the beverage company has exceeded US$1 billion. Photo: Coca-Cola|
Nguyen Thanh Thanh, Head of Economic Zone Authority of Long An Province confirmed this information with The Hanoi Times saying this unit signed an investment registration certificate for the US company on January 17.
“This is one of the projects with huge investment capital that Long An received in early 2022,” he said.
Three years ago, at a meeting with Prime Minister Nguyen Xuan Phuc, Calin Dragan, President of Bottling Investments Group (BIG) at The Coca-Cola Company said that the firm intended to find premises in Hanoi to open its fourth factory in Vietnam.
Established in 1994 in Vietnam, the US company has three plants in Ho Chi Minh City, Danang and Hanoi, providing 4,000 direct jobs and 6-10 times as many indirect jobs.
As of 2017, the total investment capital of Cola-Cola in Vietnam has exceeded $1 billion.
Since 2017, to meet the fast-changing in tastes and demands of consumers, the company has proactively diversified its high-quality portfolio with the promotion of packaged juice and tea products like Fuzetea+, Georgia canned RTD coffee, and most recently Coca-Cola Energy.
It has considered sustainable development as the core of its business activities which include organizing a safe and healthy working environment, setting priority to training employees.