HANOI : U.S. food and drink maker PepsiCo Inc has committed to investing an additional $400 million in Vietnam to build two new plants powered by renewable energy in the country, its government said on Friday.
The announcement came as delegations of more than 60 U.S. enterprises, including Suntory PepsiCo Vietnam Beverage, paid a 3-day work visit to Vietnam this week.
One beverage manufacturing factory will be in southern Long An province and cost over $300 million, and another for food processing will be in northern Ha Nam province with an investment of $90 million, the Vietnamese government said.
