PepsiCo plans to invest $400 million in Vietnam to construct two new plants powered by renewable energy, according to Reuters.
The announcement came during a three-day working visit to Vietnam by more than 60 US companies, including PepsiCo and the joint venture of Suntory and PepsiCo, Suntory PepsiCo Vietnam Beverage.
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One beverage production facility, estimated to cost over $300 million, will be established in Vietnam’s southern Long An province. Additionally, a food processing facility with an investment of $90 million will be located in the northern Ha Nam province of the country.
According to Reuters, while the Vietnamese government’s report did not provide specific timelines for the commissioning of the two factories, PepsiCo had previously announced its intention to begin operations at the Ha Nam facility in the third quarter of 2025, following the receipt of an investment certificate late last year.
