Coca-Cola set to expand operations
HA NOI (VNS)- Coca-Cola, the world's largest beverage company, plans to invest US$300 million in Viet Nam over the next three years, the corporation announced today.
Muhtar Kent, the company's chairman and CEO, said the company would focus on building new infrastructure, creating new jobs, developing stronger partnerships with local consumers and investing in thousands of communities across the country.
"This new financial commitment is more than an investment in Coca-Cola's expansion in Viet Nam - it is also an important acknowledgement that we believe in the long-term potential of this key market," Muhtar said.
The new investment, which will commence in 2013, will bring the total investment made by the company and its bottling partners in the country during 2010-15 to $500 million.
In the last three years, Coca-Cola has directly created 500 new jobs.
Since 2010, the beverage producer has invested nearly $1.5 million in community development projects including watershed conservation in partnership with the World Wildlife Fund (WWF) and disaster relief programmes in co-operation with Red Cross Viet Nam.
The company made its first appearance in Viet Nam in 1960. Its soft drinks, which include Coca-Cola, Coke Light, Fanta and Sprite, are recognized around the world. --VNS