PepsiCo plans to invest $250m in Vietnam
PepsiCo plans to invest $250m in Vietnam over the next three years, with a view to broaden its product portfolio.
The new investment will be allocated to various projects including increase in manufacturing capacity, strengthening existing brands and broadening its product portfolio.
This investment is an addition to the company's investment of two new manufacturing facilities with a plant in Binh Duong and a new beverage plant in Can Tho, over the past two years.
PepsiCo chief executive officer of Asia, Middle East and Africa Saad Abdul-Latif said that Vietnam represents one of PepsiCo's most exciting growth opportunities, and this investment is a reflection of the company's confidence in this dynamic country and the talented people who live and work here.
The company also plans more eating and drinking options for consumers in Vietnam.
In addition to carbonated soft drinks, the company offers Tropicana Twister juice drinks, Aquafina water, Lipton ready-to-drink tea, and two new isotonic drinks, 7-Up Revive and Sting Pro, while the company's Poca brand snacks line includes a range of nut-based snacks.
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