JAKARTA - Vietnam is preparing to welcome the entry of massive investments from America. And it all started with the Vietnamese Sundanese PepsiCo beverage company which recently inaugurated the construction of the largest and most modern plant in the Asia Pacific region in the Huu Thanh Industrial Park in Long An province, Delta Mekong.
Covering an area of nearly 20 ha, the 300 million US dollars (IDR 4.8 trillion) plant will be operated with renewable energy such as biomass fuel and solar energy, as well as launching packaging products that are 100 percent made of recycled plastic.
Once completed, the plant will produce an annual production of 800 million liters, thus helping to improve the company's ability to meet consumer needs and strengthen its leading position in the Vietnamese market.
Pepsico proposed the project to Prime Minister Pham Minh Chinh when he joined the US-ASEAN Business Council (USABC) delegation who visited Vietnam and sought investment opportunities there last month.
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Apart from Pepsico, many other investors expressed their interest and confidence in Vietnam's market potential, including Energy Capital, which wants to develop the Long Son port in the province of Ba Ria Vung Tau and the LNG project in the province of Binh Thuan, as well as global energy company AES which is preparing to power plant the combined Son My gas turbine, reported by Antara, Friday, April 12.
In a working session with the Minister of Planning and Investment Nguyen Chi Dung on USABC visits, well-known companies such as Ford, Boeing, and Viatris showed a strong commitment to continuing investment in Vietnam.
They said they had injected more than $1 billion into Vietnam through large companies such as VinGroup and Masan and would seek further investment opportunities in the country.
Not only that, recently, leaders of Rosen Partner said that the group wanted to expand investment in Vietnam in real estate and tourism when they met with Deputy Prime Minister Le Minh Khai in the US.
According to the Ministry of Planning and Investment, US companies only registered 17.26 million US dollars (IDR 278 billion) in Vietnam in the first quarter of this year, ranking 19th among countries and regions that have investments in the country.
Minister Dung said the rating was not comparable to the potential of US investors and good Vietnam-US relations. They emphasize an increase in bilateral relations towards a Comprehensive Strategic Partnership and agreements to increase cooperation in technology and innovation, including the semiconductor industry.
He also underlined that there are no barriers to the wave of US investments in Vietnam and vice versa and even that from third countries.
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