Prime Minister Nguyen Xuan Phuc has lauded operation of the US firm, Coca-Cola, in Vietnam, with the generation of thousands of jobs and the production of diverse products using domestic materials.
Prime Minister Nguyen Xuan Phuc (R) receives Calin Dragan, Director of Coca-Cola’s Bottling Investments Group, in Hanoi on October 26 (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has lauded operation of the US firm,Coca-Cola, in Vietnam, with the generation of thousands of jobs and theproduction of diverse products using domestic materials.
Along with fulfillingtax responsibilities, the firm has also actively engaged in social activities,the PM said while receiving Calin Dragan, Director of Coca-Cola’s BottlingInvestments Group in Southeast Asia and the Middle East in Hanoi on October 26.
The PM pledged thatthe Vietnamese Government always creates favourable conditions and mechanismfor investors.
Recalling his meetingwith the Vietnamese leaders during his visit to the US in May 2017, Dragan saidthat he always remembers the PM’s suggestions, including the increase of using domesticmaterials.
Thanks to Vietnam’spolicy of creating favourable conditions, the firm has enjoyed good growth andbecome one of the 100 biggest tax payers in the country, he said.
Dragan revealed thatCoca-Cola is seeking a suitable area in Hanoi to open its fourth factory inVietnam, adding that the firm also plans to launch another factory in Ho ChiMinh City.
Dragan thanked theGovernment of Vietnam and PM Phuc for creating good environment forenterprises. He reaffirmed Coca-Cola’s commitments to fulfil both tax andsocial responsibilities.
The PM showed hisdelight at Coca-Cola plan to expand operation to the north of Vietnam,especially a plan to build a 300-million-USD factory in Hanoi.
The project isexpected to produce both traditional and nutritious products with higher addedvalue, using local materials, while generating jobs for thousands of direct andindirect labourers and developing a network of distribution. -VNA
The Vietnamese National Assembly (NA) wants to hear US investors’ comments on recent improvements of the Vietnamese investment environment, said NA Vice Chairman Uong Chu Luu.
The Vietnamese sugarcane industry’s capacity will be improved after the Vietnam Sugar Association (VSSA) and Coca-Cola Beverages Vietnam Co., Ltd inked a cooperation deal on April 11.
The Vietnamese Government always creates favourable conditions for US enterprises, including JP. Morgan, to do business successfully in the country, Prime Minister Nguyen Xuan Phuc has said.
Deputy Prime Minister Vuong Dinh Hue received the Ambassadors of Brazil and the US in Hanoi on May 9 to discuss preparations for his upcoming visits to the two nations.
Prime Minister Nguyen Xuan Phuc chaired a seminar on investment attraction to Vietnam in the context of the Fourth Industrial Revolution with more than 40 leading businesses of the US in New York city on September 27.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Prime Minister Nguyen Xuan Phuc (R) receives Calin Dragan, Director of Coca-Cola’s Bottling Investments Group, in Hanoi on October 26 (Photo: VNA) 
