Vietnam ready to offer optimal conditions for investors

Prime Minister Nguyen Xuan Phuc has affirmed Vietnam’s readiness to create favourable conditions and mechanisms for investors, including Coca Cola's Bottling Investments Group (BIG), while hoping that the Group will expand business operations in Vietnam.

Prime Minister Nguyen Xuan Phuc (R) welcomes Calin Dragan, Director of Coca-Cola’s Bottling Investments Group.

At a reception in Hanoi on October 26 for Director of Coca-Cola’s Bottling Investments Group in Southeast Asia and the Middle East Calin Dragan, PM Phuc highly appreciated Coca-Cola's business operations, saying that as a large investor, the Group has generated thousands of jobs and a variety of products, especially using domestic materials. In addition to its tax liability, the Group has participated in a wide range of social activities in Vietnam, he added.

The government leader told his guest that Coca Cola is going ahead with production development to the north of Vietnam with a plan to build a US$300 million production facility in Hanoi, which is projected to produce both traditional and nutritious products with higher added value, using local materials.

The facility will directly employ thousands of workers and develop a distribution network, which will indirectly create more jobs for another ten thousands of labourers, he noted.

Recalling his meeting with PM Phuc about a half year ago during the latter's visit to the US in May 2017, Cali Dragan said he noted with Phuc's suggestion of increasing the use of raw materials from Vietnam.

Coca-Cola Vietnam was named as one of the top 100 corporate taxpayers in Vietnam in 2017 and enjoyed strong growth thanks to Vietnam's incentive policy for investors, he said, adding that his group pledges to well perform its tax and social responsibilities.

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