Deputy Prime Minister Nguyen Chi Dung suggested that PepsiCo expand investment cooperation, act as a bridge for US businesses and the Group's partners to increase investment in Vietnam; support knowledge transfer, technological solutions... to help Vietnamese businesses transform digitally and greenly - Photo: VGP/Thu Sa
As the world's second largest corporation in the food, beverage, and instant food industry, PepsiCo (founded in 1898) owns hundreds of major food and beverage brands, such as Pepsi, Lay's, 7Up, Cheetos, Aquafina... In 2024, PepsiCo will reach revenue of nearly 92 billion USD.
Over the past 31 years, the Group has invested in Vietnam with a total accumulated capital of approximately 1 billion USD. To date, PepsiCo has 7 factories and 8 distribution centers in Vietnam, creating more than 15,000 jobs.
Deputy Prime Minister Nguyen Chi Dung congratulated PepsiCo on its successful investment results globally and in Vietnam in recent times. At the same time, he highly appreciated the Group's practical contributions to Vietnam's socio-economic development, especially through the food factory projects in Ninh Binh province (formerly Ha Nam) and the beverage factory in Tay Ninh province (formerly Long An ).
The Group also strictly implements regulations on environmental protection and food safety, focuses on investing in facilities for workers, training human resources, innovation and digital transformation.
Discussing Vietnam's economic development situation, the Deputy Prime Minister said that Vietnam is striving for growth of 8% or more in 2025 and double-digit growth in the period of 2026 - 2030, creating a foundation to bring the country into a new era.
To achieve this goal, Vietnam is making efforts to streamline its apparatus, implement the "four pillars", rearrange administrative units and implement a two-level local government model to expand development space, remove barriers and obstacles to facilitate people and businesses.
According to the Deputy Prime Minister, with the position of a large, global corporation, PepsiCo should identify itself not only as an ordinary investor, but also as an investor and strategic partner with Vietnam; accompanying the Vietnamese Government in the development process of Vietnam. Thereby, supporting Vietnamese enterprises to develop and participate more in PepsiCo's supply chain; raising the value of the Corporation's contribution to new heights.
The Deputy Prime Minister suggested that PepsiCo expand investment cooperation and act as a bridge for US businesses and the Group's partners to increase investment in Vietnam; have a voice and urge the US Government to have more favorable tax policies for Vietnamese imported goods; support the transfer of knowledge, technology solutions, and management models to help Vietnamese businesses in the Group's supply chain carry out digital transformation and green transformation.
Informing that the Vietnamese Government is committed to creating favorable conditions for domestic and foreign investors to conduct sustainable and effective business operations in Vietnam, the Deputy Prime Minister encouraged PepsiCo to continue promoting social responsibility, paying attention to investing in cultural and social institutions, and ensuring policies for Vietnamese workers working at the Group.
Mr. Eugene Willemsen said that PepsiCo is ready to accompany Vietnam to realize the double-digit growth target - Photo: VGP/Thu Sa
After listening to the Deputy Prime Minister's sharing, Mr. Eugene Willemsen highly appreciated Vietnam's economic development efforts and clearly felt those achievements in the process of investing and doing business in Vietnam.
Affirming that Vietnam's growth ambitions are similar to PepsiCo's motivation, strategy, and development orientation, Mr. Eugene Willemsen said that the Group is ready to accompany Vietnam to realize the double-digit growth target. In addition, PepsiCo also promotes research and development, and digital transformation.
Expressing support for tax reforms, the use of electronic invoices, restructuring the government apparatus, merging provinces and the Government's long-term goals, PepsiCo hopes that the policies will be stable and highly predictable for effective and sustainable implementation. The Group also proposed to continue to participate, consult and contribute more opinions in the policy-making process.
Thanking Mr. Eugene Willemsen for his goodwill and agreeing with his proposal, Deputy Prime Minister Nguyen Chi Dung said that Vietnam is constantly perfecting its institutions and policies towards stability, long-term, and convenience for investors and businesses in the spirit of "harmonized benefits and shared risks" as emphasized by Prime Minister Pham Minh Chinh.
Thu Sa
Source: https://baochinhphu.vn/tap-doan-pepsico-san-sang-dong-hanh-cung-viet-nam-thuc-hien-muc-tieu-tang-truong-kinh-te-102250704143433156.htm
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