PepsiCo to invest $400M more in two new plants in Vietnam

By Reuters   March 24, 2024 | 09:03 pm PT
PepsiCo to invest $400M more in two new plants in Vietnam
PepsiCo plans to invest an additional US$400 million in Vietnam. Photo courtesy of the company
U.S. food and beverage giant PepsiCo has committed to investing an additional US$400 million to build two new plants powered by renewable energy in Vietnam, its government said.

The announcement came last Friday as delegations of more than 60 U.S. enterprises, including Suntory PepsiCo Vietnam Beverage, paid a 3-day work visit to Vietnam last week.

One beverage manufacturing factory will be in southern Long An Province and cost over $300 million, and another for food processing will be in northern Ha Nam Province with an investment of $90 million, the Vietnamese government said.

The report did not give details on the commissioning time of the two factories.

Late last year the company said it had been granted an investment certificate for the Ha Nam factory, which was scheduled to enter into operation in the third quarter of 2025.

PepsiCo, which runs five factories across Vietnam, entered the country in 1994.

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