Swire Coca-Cola acquires Coca-Cola Vietnam
Illustration (Photo: Internet)
Following the deal's completion, Swire Coca-Cola now owns and runs 3 beverage manufacturing facilities, 18 production lines, and 6 distribution hubs all throughout Vietnam.
Coca-Cola Vietnam Beverage Co., Ltd., a Coca-Cola bottling franchise in Vietnam, has been fully acquired by Swire Coca-Cola Limited, a wholly owned subsidiary of Swire Pacific Limited.
After acquiring Cambodia Beverage Co., Ltd. in November 2022, this deal is Swire Coca-second Cola's investment in Southeast Asia and represents a major increase of the company's position there.
After the deal was completed, Swire Coca-Cola owned and managed three beverage manufacturing facilities, eighteen production lines, six distribution centers, and more than 3500 direct and indirect employees throughout Vietnam.
With a total population of 97 million people and one of the fastest growing economies in Southeast Asia, Vietnam has enormous long-term growth potential for Swire Coca-Cola. Vietnam's pre-pandemic GDP growth was over 7%, making it one of the world's fastest rising economies.
The transfer's successful conclusion shows Swire Coca-ongoing Cola's pursuit of its strategic objective to increase its presence in Southeast Asia, a lively and dynamic area with significant development potential, particularly in the region's fast expanding beverage industry.