The Coca-Cola Company is set to open a new $300 million production facility in Hanoi, Vietnam.
According to a report by Nhan Dan Online, a state-owned media channel, the announcement was made by Coca-Cola’s regional director, Calin Dragan, bottling investments group ASEAN and Middle-East, in a meeting with Vietnam’s prime minister Nguyen Xuan Phuc.
Coca-Cola is currently seeking a suitable location in Hanoi for the plant, and the new $300 million facility would be Coca-Cola’s fourth production plant in Vietnam.
The new facility will reportedly produce both traditional Coca-Cola beverages such as Coca-Cola, Fanta and Schweppes, and more nutritious products such as Fuze Tea, which will be made using Vietnamese materials.
The report also claimed that the Coca-Cola would seek to build a further production facility in Ho Chi Minh City, Vietnam in the future.