The local food and beverage industry in Vietnam continues to be an alluring sector, witnessing increased investments from both domestic and international companies.
Nestlé Vietnam recently revealed an additional investment of $100 million in expanding its high-quality coffee production lines at the Nestlé Tri An factory in Dong Nai province. This brings the total capital of the factory to nearly $500 million. Nestlé Group has invested close to $840 million through Nestlé Vietnam, which operates four factories and two distribution centers. The Nestlé Tri An factory exports its products to more than 29 countries worldwide.
TTC International Beer JSC proposed adjusting the investment capital of its TTC International Beer factory in Quang Tri province, adding $13.6 million to transform the brewery for producing various beverages. The total project investment now stands at $40.8 million, with plans to triple capacity to 150 million liters per year, including beer, soft drinks, and mineral water. The expansion is scheduled for completion and operation in Q2 2025.
PepsiCo is gearing up to invest nearly $90 million in a new production plant in Ha Nam province, covering 80,000 square meters within Dong Van I Expansion Industrial Park. The facility will specialize in producing PepsiCo’s snack products, with construction slated to begin in early 2024 and completion expected by H2 2025. PepsiCo also aims to implement high-tech agriculture and sustainability programs in the region.
Suntory PepsiCo Vietnam Beverage, a joint venture between PepsiCo Inc. and Suntory Holdings Limited, is injecting $185 million to construct a new factory in Long An province, with an annual output of nearly 800 million liters of products, including purified water, milk, and other beverages.
HiteJinro Beverage, a South Korean soju maker, plans to invest $100 million in building a new plant in Thai Binh province, marking Vietnam as its first overseas manufacturing base.
While Vietnam is recognized for its vast consumer base and investment potential, major players in the food and beverage sector are increasingly eyeing export opportunities from the country.