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Coca-Cola invests over $136 million in factory in southern Vietnam

Coca-Cola invests over $136 million in factory in southern Vietnam

Monday, January 17, 2022, 15:45 GMT+7
Coca-Cola invests over $136 million in factory in southern Vietnam
People ride motorbikes past the Coca-Cola premises in Vietnam. Photo: Quang Dinh / Tuoi Tre

Coca-Cola will spend more than US$136 million investing in the construction of a beverage factory in Long An Province, southern Vietnam, local authorities announced on Monday.

The provincial Industrial Park Management Board just granted the investment certificate to Coca-Cola on Friday, the same day the firm had applied for it, according to the board’s head Nguyen Thanh Thanh.

The project is located in Phu An Thanh Industrial Park in Ben Luc District.

In 2021, despite the adverse impacts of the COVID-19 pandemic, Long An attracted more than $490 million in foreign development investment (FDI) into industrial parks, an increase of $26 million from 2020, and more than VND11.7 trillion ($514.8 million) in total investment capital, a rise of over VND6.7 trillion ($294.8 million) from the previous year.

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