Home   »   Business Current Affairs & News   »   PepsiCo to invest $400 million more...

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

PepsiCo, the U.S. food and beverage giant, has committed to investing an additional $400 million in Vietnam. This decision was made public during a visit by delegations from over 60 U.S. enterprises, including Suntory PepsiCo Vietnam Beverage, to Vietnam last week.

Investment Details:

  1. Location: The investment will go towards building two new plants.
  2. Renewable Energy: Both plants will be powered by renewable energy sources, aligning with PepsiCo’s sustainability goals.
  3. Southern Plant: One plant will be located in southern Long An Province, with an estimated cost exceeding $300 million.
  4. Northern Plant: The second plant, focusing on food processing, will be situated in northern Ha Nam Province, requiring an investment of $90 million.

Project Timeline:

  • No specific details regarding the commissioning time of the two factories were provided in the report.
  • However, it was mentioned that the Ha Nam factory was granted an investment certificate late last year and was scheduled to commence operations in the third quarter of 2025.

PepsiCo’s Presence in Vietnam:

  • PepsiCo has been operating in Vietnam since 1994 and currently runs five factories across the country.

PepsiCo to invest $400 million more in two new plants in Vietnam_4.1