Coca-Cola’s factory in Tay Ninh Province is its largest facility in Vietnam. Photo: H.P.
On Friday, Coca-Cola Vietnam inaugurated a new plant at Phu An Thanh Industrial Park in Tay Ninh Province, southern Vietnam, marking 31 years of its presence in the Vietnamese market.
The current Tay Ninh Province is a combination of the former Tay Ninh Province and neighboring Long An Province, effective from July 1, as part of a recent major administrative restructuring in which 63 Vietnamese provinces and cities were reduced to 34.
With a total investment of US$136 million, this facility becomes Coca-Cola’s largest production site in Vietnam, with a designed capacity of one billion liters annually.
Milly Cheng, CEO of Coca-Cola Vietnam, stated that the new facility demonstrates the company’s confidence in the immense growth potential of the Vietnamese market and its long-term investment commitment.
Since early 2023, Coca-Cola Vietnam has become a subsidiary of Swire Coca-Cola Limited, part of the UK-based Swire Pacific Group.
Swire Coca-Cola is the world’s fifth-largest Coca-Cola bottling partner by volume and operates in several countries and territories including China, Taiwan, Cambodia, and Vietnam.
The acquisition of Coca-Cola Vietnam aligns with Swire’s strategy to expand in Southeast Asia, home to over 650 million people.
This move followed Swire’s earlier acquisition of a beverage company in Cambodia.
In Vietnam, Swire Pacific is active not only in the beverage industry but also in real estate through Swire Properties.
Coca-Cola Vietnam currently operates three plants in Ho Chi Minh City, Da Nang, and Hanoi, generating direct and indirect employment for around 4,000 workers.
According to Swire Pacific’s annual report, the EBITDA (earnings before interest, taxes, depreciation and amortization) margin from the Vietnamese and Cambodian markets reached 13.2 percent in 2024.
Despite increasing competition and volatile production costs, Swire Pacific chairman Guy Bradley stated that the group aims to boost revenue and optimize cost efficiency to ensure stable profits in Vietnam by 2025.
Beyond Coca-Cola, Vietnam continues to attract large-scale investments in the processing and manufacturing sectors, focusing on sustainable development.
In mid-June, Swedish group SYRE received an investment license for a polyester fabric production and recycling complex in the former Binh Dinh Province, which is now merged into Gia Lai Province, with a total investment of US$1 billion.
The project is expected to achieve a capacity of 150,000-250,000 metric tons of PET annually and contribute to green transformation in Vietnam’s textile and garment industry, one of the Southeast Asian country’s top export sectors.
According to the General Statistics Office under the Ministry of Finance, total newly registered, adjusted, and contributed capital from foreign investors reached $21.52 billion in the first half of 2025, rising 32.6 percent year on year and the highest level since 2009.
The recent expansion of existing projects signals that Vietnam is not only a new and attractive investment destination but also a promising, policy-stable market.
After achieving disbursed FDI of $25.4 billion in 2024 and seeing growth in the disbursed FDI for three consecutive years, the Vietnamese government has set a target of attracting $27-28 billion in implemented FDI and $38–40 billion in registered FDI in 2025.
Investor confidence is further bolstered by Vietnam’s network of free trade agreements.
According to the Q2 2025 Business Confidence Index survey by the European Chamber of Commerce in Vietnam, nearly half of European enterprises operating in the country are taking moderate to extensive advantage of the European Union-Vietnam Free Trade Agreement.
The phased tariff reductions over 10 years under the agreement are creating clear benefits for both businesses and consumers through lower prices and increased competitiveness.
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