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PepsiCo Commits $400 Million for Two Vietnam Plants Powered by Renewable Energy

March 22, 2024

Suntory PepsiCo Vietnam Beverage will operate a $300 million beverage factory in Long An province and a food processing plant in Ha Nam province.

Dave Fusaro

PepsiCo Inc. has committed to investing nearly $400 million in Vietnam to build two new plants – one for beverages, the other for foods -- powered by renewable energy, according to Vietnam government sources cited by Reuters news service.

The beverage manufacturing factory will be in southern Long An province and cost more than $300 million. The food processing plant will be in northern Ha Nam province with an investment of $90 million, according to various reports.

Apparently they will be operated by an existing joint venture, Suntory PepsiCo Vietnam Beverage. PepsiCo, which has been in the country since 1994, already operates five factories across Vietnam.

The official government report did not give timelines for either plant, but United Business Journal said earlier finance records indicated the Ha Nam factory was scheduled to begin operation in the third quarter of 2025.

The announcement came as delegations from 60-plus U.S. enterprises, including Suntory PepsiCo Vietnam Beverage, toured Vietnam for three days this week.

About the Author

Dave Fusaro | Editor in Chief

Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.