Hanoi People’s Committee Chairman Nguyen Duc Chung on January 24 presented the adjusted investment license of 50 years to Coca-Cola Vietnam.
The company will double its investment to more than 12.21 trillion VND (537.37 million USD) and produce 790 million litres and over 1.2 billion litres per year by 2024, and 2030, respectively.
Addressing the ceremony, the chairman acknowledged the contributions of US investors, including Coca-Cola Vietnam to socio-economic development in Hanoi.
Hanoi will support investors, Chung said, pledging that the city will create favourable conditions for the development of Coca-Cola Vietnam.
In 2016, Hanoi recorded GRDP growth of 8.2 percent and received 3.11 billion USD from foreign investment, almost tripling the 2015 figure.
The US has 103 licensed projects in Hanoi, with a total registered capital of 239.3 million USD, accounting for one percent of the city’s FDI.
Coca-Cola Vietnam started its operation in Duyen Thai commune, Thuong Tin district, Hanoi in 1994.
Photo: Coca-Cola, Vietnam