Construction of PepsiCo’s new 86,000-sq.-ft. snack manufacturing facility is set to begin soon in Vietnam’s Dong Van I Expanded Industrial Park thanks to a deal with Vietnamese developer Plaschem announced in December. PepsiCo is investing $90 million in the project and anticipates producing over 23,000 tons per year of popular snacks such as Lay’s, Doritos and Cheetos. This location in Ha Nam Province is expected to be complete by mid-2025, serving the Vietnamese and Cambodian markets. Since PepsiCo began operations in Vietnam in the 1990s the company has invested $500 million in operations and has created over 13,000 jobs across 14 facilities in Ho Chi Minh, Can Tho, Quang Nam, Bac Ninh, Dong Nai, and Quang Nam. “Ha Nam Province is an appealing destination,” said Thomas Rooney, senior manager of Industrial Services at Savills Ha Noi and the lead consultant for the project, in a release, “as it is only an hour to main consumer markets in Ha Noi with road transport infrastructure, favorable tax incentives and the potential for future expansion.”
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