Chairman of Ha Noi People’s Committee Nguyen Duc Chung presents licence for Coca-Cola Viet Nam to expand its operation. — Photo cafef.vn

Ha Noi People’s Committee has allowed Coca-Cola Viet Nam Company to raise its investment capital to US$580 million in Viet Nam.

According to a licence granted to the American firm on Tuesday, Coca-Cola Viet Nam will increase its production scale and annual capacity to 790 million litres by 2024 and 1,215 million litres by 2030. The operation period will be limited to 50 years.

Coca-Cola Viet Nam Company began investing in Ha Noi in 1994, with its first project launched in Thuong Tin District.

The United States has 103 projects licensed in the capital city with total registered investment capital of $239.3 million, about 1 per cent of the total foreign direct investment in the city. These projects are mainly in the fields of production, of which engineering occupies the highest volume with 31.3 per cent of total registered capital. — VNS