Coca-Cola Vietnam factory in Ho Chi Minh City will expire after 30 years and will move to Tay Ninh.

Coca-Cola's project in Ho Chi Minh City will expire on September 27, 2025, but the investor will be allowed to use the land for another 24 months to process assets and relocate the factory.

After the land lease in Ho Chi Minh City expired, Coca-Cola Vietnam was allowed to use the land for another 2 years to move the factory and restore the land to its current state before handing it over to the State - Photo: QUANG DINH

The Ho Chi Minh City Department of Finance has just issued a document informing about the operations of the Coca-Cola factory located on Vo Nguyen Giap Street, Linh Xuan Ward, Ho Chi Minh City.

According to the Department of Finance, the project of Coca-Cola Beverages Vietnam Company Limited has a project operation period of 30 years from September 27, 1995 and on September 27, the project will expire.

On February 20, Coca-Cola Vietnam issued a written commitment not to implement the project's operational objectives. According to the 2020 Investment Law, investors must carry out procedures to terminate the investment project when the project's operational period expires (until September 27, 2025).

The Department of Finance said that investors are allowed to continue using the land for 24 months from the date the investment project is terminated according to the provisions of the law on investment.

"Thus, after completing the procedures to terminate the investment project, the investor is allowed to continue using the land for another 24 months from the date the investment project is terminated to liquidate the project, handle land use rights as well as assets on the land according to the law," the Department of Finance informed.

Previously, the investor sent a document to Ho Chi Minh City, requesting a 2-year extension from September 27, 2025 to use the land for the purpose of dismantling and relocating equipment, production lines, factories, warehouses and completing pollution treatment, environmental improvement, restoring the current status and handing over clean land.

In preparation for the closure of the factory in Ho Chi Minh City, on July 11, Coca-Cola Vietnam inaugurated a factory with a total investment capital of 136 million USD (more than 3,500 billion VND) in Phu An Thanh Industrial Park (Ben Luc, Tay Ninh ). This is also the first food and beverage factory to achieve LEED Gold certification in Vietnam.

The Tay Ninh factory covers an area of ​​19 hectares, the largest of Coca-Cola's three production facilities in Vietnam. The factory is equipped with five advanced bottling and bottling lines, with a total capacity of up to 1 billion liters of beverages per year.

Coca‑Cola commits to continue investing in Vietnam

Coca‑Cola Vietnam inaugurated a factory with a total investment of 136 million USD in Tay Ninh - Photo: Coca‑Cola

At a recent meeting between President Luong Cuong and businesses in the US, Mr. Michael Goltzman, Senior Vice President of Global Policy and Sustainable Development of Coca-Cola, said that Coca-Cola is currently one of the leading investors in the beverage industry, operating factories in Hanoi , Da Nang, Ho Chi Minh City and Tay Ninh.

The company has partnered with 1 million retailers, creating 4,000 direct jobs and about 20,000 indirect jobs nationwide.

Coca-Cola's construction of a factory in Tay Ninh is a testament to the group's belief in the growth potential of the Vietnamese market, especially through strong investment in production infrastructure.

NGOC HIEN

Source: https://tuoitre.vn/nha-may-coca-cola-viet-nam-tai-tp-hcm-het-thoi-han-hoat-dong-sau-30-nam-se-chuyen-ve-tay-ninh-20250926085652958.htm