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Sunday, October 2, 2022

Coca Cola invests US$136 million in project in Long An

The Saigon Times

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HCMC – Beverage company Coca Cola has received the investment certificate for its beverage plant, which requires an investment of US$136 million, in the Mekong Delta province of Long An.

Nguyen Thanh Thanh, head of the Long An Economic Zone Authority, said the authority had issued the investment certificate for Coca Cola’s project, which will be developed at the Phu An Thanh Industrial Park in Ben Luc District, Tuoi Tre Online newspaper reported.

The project received the investment certificate right on the day Coca Cola submitted dossiers for the certificate.

Thanh said Long An leaders had fast-tracked the completion of investment procedures.

In the last quarter of 2021, many large investors also received investment certificates on the day they submitted dossiers on their projects. Despite the quick completion of the procedure, all processes were in line with the law, Thanh added.

Last year, Long An attracted more than US$490 million in foreign investment and over VND11.7 trillion (US$513.8 million) in domestic investment in projects in industrial parks, up US$26 million and VND6.7 trillion, respectively, over 2020.

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