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U.S. food and beverage giant PepsiCo has announced a substantial investment of US$400 million in Vietnam to establish two new plants powered by renewable energy sources. The move will boost the company's regional operations and sustainability efforts.
New Manufacturing Facilities in Vietnam
As per VN Express, the investment will see the construction of a beverage manufacturing factory in southern Long An Province, costing over $300 million, and a food processing facility in northern Ha Nam Province, with an investment of $90 million. These new plants aim to enhance PepsiCo's production capacity and product offerings in the Vietnamese market.
Expansion Timeline and Operations
Hindustan Times noted that while specific details regarding the commissioning timeline of the two factories were not disclosed, PepsiCo had previously announced plans for the Ha Nam factory to commence operations in the third quarter of 2025. The company, which has been operating in Vietnam since 1994, continues to expand its footprint in the country.
Strategic Growth Initiatives
Last month, PepsiCo revealed its intentions to establish a snack plant in the Ha Nam providence, further solidifying its presence in Vietnam. The facility is expected to produce over 23,000 tonnes of snacks annually for distribution in local and regional markets.
The new snack plant in Tien Town's Dong Van I Expanded Industrial Park will cover more than 860,000 square feet and incorporate modern technologies alongside renewable energy solutions. These initiatives align with PepsiCo's commitment to sustainable practices and environmentally friendly operations.
Positive Economic Impact
Nguyen Viet Ha, the general manager of PepsiCo Foods Vietnam, expressed optimism about the company's growth trajectory despite the challenges posed by the COVID-19 pandemic. The new factory project is expected to drive economic development, support local communities, and yield long-term societal benefits.
Through its strategic investments and expansion projects, PepsiCo aims to contribute to Vietnam's economic landscape and support the local population during challenging times.
Photo: PR Newswire
