Coca Cola to build US$300m factory in Vietnam

ASIA - The Coca-Cola Company is set to open a new US$300 million production facility in Hanoi, Vietnam, according to FoodBev, which links the information to local media reports. A report from Nhan Dan Online indicated that the announcement was made by Calin Dragan, Coca-Cola’s regional director, bottling investments group ASEAN and Middle-East, in a…

ThaiBev bets big on Vietnam, buys US$4.8 b stake in largest brewery

VIETNAM - Thai Beverage Plc is doubling down on Vietnam after it partnered with a local company to buy a $4.8 billion stake in the country’s largest brewer, a key step for the company controlled by billionaire Charoen Sirivadhanabhakdi as it seeks to dominate Southeast Asia’s beverage market. Vietnam Beverage, the local unit which ThaiBev holds a…