PepsiCo expands investment in Vietnam with $400 million for renewable energy-powered plants

One beverage manufacturing factory will be in southern Long An province and cost over $300 million.

Published on: Mar 22, 2024, 11:44:45 IST

By HT News Desk

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US food and drink maker PepsiCo Inc committed to investing an additional $400 million in Vietnam to build two new plants powered by renewable energy in the country. The announcement came as delegations of more than 60 US enterprises, including Suntory PepsiCo Vietnam Beverage, visited Vietnam this week.

Pepsi products at a store in San Francisco, California, US. (Bloomberg)

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Last year the company said that it had been granted an investment certificate for the Ha Nam factory. It is scheduled to enter into operation in the third quarter of 2025, as reported earlier.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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PepsiCo expands investment in Vietnam with $400 million for renewable energy-powered plants

One beverage manufacturing factory will be in southern Long An province and cost over $300 million.

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Read more: OpenAI CEO Sam Altman's Reddit stake rises over $200 million after IPO. It is now worth…