Coca-Cola Commits US$200 Million to Vietnam

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Sept. 7 – Soft drink maker, Coca-Cola and its bottler in Vietnam have committed to invest US$200 million in the country in the next three years.

“Vietnam is a very important growth market to The Coca-Cola Company,” Coke chairman and chief executive officer, Muhtar Kent, said in the statement. “We are very optimistic about the future of our business here.”

Since the end of the U.S. trade embargo with Vietnam in 1994, Coke has invested a total of more than US$200 million in the country with bottling plants in the north, central and southern areas. The company did not specify where the investment funds will be spent.