Pepsi will invest $250 million in Vietnam over the next three years to build two manufacturing facilities — a foods plant in Binh Duong northwest of Ho Chi Minh City and a beverage plant in the Mekong Delta’s central city, Can Tho.
The investment will go towards marketplace equipment like coolers, broadening the company’s product portfolio and other projects, according to the company that boasts 19 billion-dollar food and beverage brands.
Pepsi values Vietnam’s consumer market potential and attraction to investments in light of rising labor costs in China because of its aging population.
More on Pepsi’s plans for Vietnam
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