Coca-Cola Co. announced Sept. 4 that it will invest an additional $200 million in Vietnam over the next three years in conjunction with its bottler, Coca-Cola Beverages Vietnam.
The announcement came from Coke Chief Executive Muhtar Kent during a trip to Vietnam aimed at showing the company’s commitment to the Asian country, according to a Coke news release.
In Ho Chi Minh City, Mr. Kent visited Prime Minister Nguyen Tan Dung to congratulate the Vietnamese government on the country’s rapid economic strides and express appreciation for government support of Coke’s expansion projects.
Coke has already invested $200 million in Vietnam since returning operations there in 1994.
The $200 million in new investment shows Coke’s optimism about Vietnam’s future, Mr. Kent said in the news release.
“We look forward to continuing to play a key role in the development of the economy and the community,” he said.
Coke employs more than 1,500 people in Vietnam and has bottling plants in the cities of Da Nang, Ha Tay, and Ho Chi Minh City.