PepsiCo to invest US$400mil more in two new plants in Vietnam


PepsiCo, operating five factories throughout Vietnam, established its presence in the country in 1994. (Unsplash pic)

HANOI: US food and drink maker PepsiCo Inc has committed to investing an additional US$400 million in Vietnam to build two new plants powered by renewable energy in the country, its government said on Friday.

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