Coke, Shell, Mazda invest in Vietnam
Vietnam is increasingly becoming an investors’ darling for large multinational companies. Among the latest multi-million dollar commitments are considerable investment projects by Coca Cola, Royal Dutch Shell and car maker Mazda.
The Coca-Cola Company said it will more than double its investment Vietnam over the next three years, funneling additional $300 million into the country. That brings its total investment in the country to $500 million between 2010 and 2015.
The move comes after competitor PepsiCo said it will invest $600 million in Thailand until 2015 in a new bottling plant and in its own distribution system, see our story.
Dutch energy and petrochemical company Shell will focus its Vietnamese investment in the oil sector, after transferring its liquefied petroleum gas business from Vietnam to Thailand’s Siam Gas Company. Shell aims to double its oil business in Vietnam by 2015, seeking to expand its share of the oil market from 8-10 per cent to 13 per cent. The company estimates the growth rate of domestic oil demand to be as high as 8 per cent, 4-6 per cent higher than the average rate in the Asian market, according to Viet Nam News.
Japanese car manufacturer Mazda is said to have plans to build a new factory in Vietnam that will produce car engines, along with a total investment of roughly $600 million. The Vietnam Investment Review says Mazda has been communicating with local authorities on where the best location would be for the engine factory. The newspaper’s sources say Hanoi or one of its neighbouring provinces are currently being looked at.
Vietnam has attracted more than $6.5 billion worth of foreign direct investment capital per year since 2007, a recent report by Ernst & Young said. The analysts forecast 4.5 per cent GDP growth in 2012, but “Vietnam will likely grow by about 6 per cent annually over the next 25 years,” the report said.
Vietnam is increasingly becoming an investors' darling for large multinational companies. Among the latest multi-million dollar commitments are considerable investment projects by Coca Cola, Royal Dutch Shell and car maker Mazda. The Coca-Cola Company said it will more than double its investment Vietnam over the next three years, funneling additional $300 million into the country. That brings its total investment in the country to $500 million between 2010 and 2015. The move comes after competitor PepsiCo said it will invest $600 million in Thailand until 2015 in a new bottling plant and in its own distribution system, see our story....
Vietnam is increasingly becoming an investors’ darling for large multinational companies. Among the latest multi-million dollar commitments are considerable investment projects by Coca Cola, Royal Dutch Shell and car maker Mazda.
The Coca-Cola Company said it will more than double its investment Vietnam over the next three years, funneling additional $300 million into the country. That brings its total investment in the country to $500 million between 2010 and 2015.
The move comes after competitor PepsiCo said it will invest $600 million in Thailand until 2015 in a new bottling plant and in its own distribution system, see our story.
Dutch energy and petrochemical company Shell will focus its Vietnamese investment in the oil sector, after transferring its liquefied petroleum gas business from Vietnam to Thailand’s Siam Gas Company. Shell aims to double its oil business in Vietnam by 2015, seeking to expand its share of the oil market from 8-10 per cent to 13 per cent. The company estimates the growth rate of domestic oil demand to be as high as 8 per cent, 4-6 per cent higher than the average rate in the Asian market, according to Viet Nam News.
Japanese car manufacturer Mazda is said to have plans to build a new factory in Vietnam that will produce car engines, along with a total investment of roughly $600 million. The Vietnam Investment Review says Mazda has been communicating with local authorities on where the best location would be for the engine factory. The newspaper’s sources say Hanoi or one of its neighbouring provinces are currently being looked at.
Vietnam has attracted more than $6.5 billion worth of foreign direct investment capital per year since 2007, a recent report by Ernst & Young said. The analysts forecast 4.5 per cent GDP growth in 2012, but “Vietnam will likely grow by about 6 per cent annually over the next 25 years,” the report said.
