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Coca-Cola to double its investment in Vietnam
Muhtar Kent, CEO of The Coca-Cola Company, has announced plans to invest an additional $200m in Vietnam over the next three years, during a visit to the country at the beginning of the September.
Kent met with Prime Minister Nguyen Tan Dung in Ho Chi Minh City, and in an interview after the meeting, said: “Vietnam is a very important growth market to The Coca-Cola Company. We’re optimistic about the future of our business here.”
Since returning to Vietnam in 1994, Coca-Cola has already invested $200m and has three bottling plants – in the north, central and southern parts of the country – near Hanoi, Da Nang and Ho Chi Minh City, and 1,500 employees in Vietnam.
According to official data, 51% of Vietnam’s population of about 86 million is under the age of 30.
Source: Yahoo Finance
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