Coca-Cola Vietnam factory in Ho Chi Minh City to cease operations after 30 years

The Ho Chi Minh City Department of Finance confirmed that the Coca-Cola Vietnam factory on Vo Nguyen Giap Street in Linh Xuan Ward was licensed in 1995 with a 30-year operational term. 

Under Vietnam's 2020 Investment Law, Coca-Cola Beverages Vietnam must complete termination procedures once the term expires.

After shuttering the factory, the company will have 24 months to liquidate the project, manage land use rights, and handle assets in accordance with regulations. 

The firm had earlier requested a two-year extension beyond September 2025 to dismantle and relocate equipment, move warehouses, and complete environmental restoration before returning the site.

The request was then approved.

In preparation for the transition, Coca-Cola Vietnam inaugurated a new US$136 million factory on July 11 in the Phu An Thanh Industrial Park in Tay Ninh Province, which borders Ho Chi Minh City. 

The 19-hectare site, the company's largest in Vietnam, houses five advanced filling and bottling lines with a capacity of up to one billion liters of beverages a year. 

It is also the first food and beverage factory in the country to receive LEED Gold green building certification.

At a recent meeting between State President Luong Cuong and U.S. enterprises, Michael Goltzman, Coca-Cola's senior vice-president of global policy and sustainability, said the company remains among the largest beverage investors in Vietnam, with factories in Hanoi, Da Nang, Ho Chi Minh City, and Tay Ninh. 

Coca-Cola works with one million retailers nationwide and supports 4,000 direct jobs along with about 20,000 indirect ones.

The opening of the Tay Ninh facility reflects Coca-Cola's continued confidence in Vietnam's growth potential and its long-term commitment to expanding production infrastructure in the Southeast Asian country.