Coca-Cola announced that is seeking a suitable area in Hanoi to open its fourth factory in Vietnam, it also plans to launch another factory in Ho Chi Minh City.

The company plans to expand operations to the north of Vietnam, especially a plan to build a $300 million factory in Hanoi.

Coca-Cola said that the Government of Vietnam created a good environment for enterprises. It reaffirmed its commitments to fulfil both tax and social responsibilities.

The project is expected to produce both traditional and nutritious products with higher added value, using local materials, while generating jobs for thousands of direct and indirect labourers and developing a network of distribution.