Business

Hanoi grants extended investment license for Coca-Cola

Hanoi People’s Committee Chairman Nguyen Duc Chung on January 24 presented the adjusted investment license of 50 years to Coca-Cola Vietnam.
Hanoi grants extended investment license for Coca-Cola ảnh 1Hanoi Chairman Nguyen Duc Chung grants extended license to Coca-Cola leader (Source: baocongthuong.com.vn)

Hanoi (VNA) – Hanoi People’s Committee Chairman Nguyen Duc Chung on January 24 presentedthe adjusted investment license of 50 years to Coca-Cola Vietnam.

The company willdouble its investment to more than 12.21 trillion VND (537.37 million USD) andproduce 790 million litres and over 1.2 billion litres per year by 2024, and2030, respectively.

Addressing theceremony, the chairman acknowledged the contributions of US investors,including Coca-Cola Vietnam to socio-economic development in Hanoi.

Hanoi willsupport investors, Chung said, pledging that the city will create favourableconditions for the development of Coca-Cola Vietnam.

In 2016, Hanoirecorded GRDP growth of 8.2 percent and received 3.11 billion USD from foreigninvestment, almost tripling the 2015 figure.

The US has 103licensed projects in Hanoi, with a total registered capital of 239.3 millionUSD, accounting for one percent of the city’s FDI.

Coca-ColaVietnam started its operation in Duyen Thai commune, Thuong Tin district, Hanoiin 1994.-VNA
VNA
#Coca-Cola#US investors#FDI#investment license
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