Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
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
