On the evening of September 20 (local time) in New York, US, Prime Minister Pham Minh Chinh met with James Quincey, Chairman and Chief Executive Officer of The Coca-Cola Company, during the Prime Minister’s trip to the US to attend the 78th session of the United Nations General Assembly.

After the United States lifted its economic embargo in 1994, Coca-Cola was one of the first U.S. companies to invest in Viet Nam, and the system now has 2,000 employees and three factories producing beverages in the country. 

Mr. Quincey thanked PM Chinh at the meeting for his time and attention. The Coca-Cola system is proud to be a part of the Vietnamese community. Its strategy has been expanding its operations and making essential investments in Viet Nam. Next year, the system will celebrate 30 years of operation in Viet Nam.

 In Viet Nam, Coca-Cola system has partnered with more than 1 million retailers nationwide, creating 2,000 direct and 20,000 indirect jobs for the domestic labour market. The Coca-Cola system has invested US$136 million to build a new beverage factory in Long An, one of the biggest cities in the Mekong Delta area. This recent investment is one of Coca-Cola system Viet Nam’s key projects, reflecting a long-term commitment to the country’s economic development. The new factory has been designed to improve productivity by applying innovative production models and technology to optimize resource usage and expects the entire operation in 2026. 

 Coca-Cola also seeks to further cooperate with Viet Nam, developing sustainably with the country. The company aims to drive growth while helping create a better-shared future.  

 Coca-Cola’s sustainability initiatives focus on Packaging, Water Leadership, Sustainable Agriculture, Climate, Portfolio of beverage choices, and People and Communities. As an example of its local efforts, Coca-Cola has partnered with The Ocean Cleanup to help kickstart a riverclean programme in the Can Tho River in Viet Nam. 

 The Coca-Cola Foundation, the company’s philanthropic arm, is helping drive a positive impact in the circular economy while also mobilising its resources and strengths to promote practical programs and activities for Vietnam’s socio-economic development with a total of more than $3,7000,000 in grants from 2018 to 2022 for critical projects: 

 $275,000 grant to the Vietnam Red Cross Society to help people impacted by flooding in Da Nang City in 2022. 

 $339,000 grant to Centre for Supporting Green Development (GreenHub) in 2021-2022 to promote circular economy solutions to reduce marine plastics waste in Can Gio, a biosphere reserve and considered a green lung for Ho Chi Minh City. 

 $289,000 grant to World Wide Fund For Nature (WWF) in 2021-2022 to enhance the water regulation services and replenishment capacity of Tram Chim National Park and its buffer zone.

Viet Nam News