Pepsi to Invest $250 Million in Vietnam (PEP)

(TheStreet) -- PepsiCo PEP, the world's second largest food and beverage business, announced that it plans to invest $250 million in Vietnam over the next three years -- adding to the company's investment over the past two years in two new manufacturing facilities, a new foods plant in Binh Duong and a new beverages plant in Can Tho. "I am pleased to announce that over the next three years we expect to invest $250 million in our food and beverage businesses in Vietnam," Saad Abdul-Latif, CEO of PepsiCo Asia, Middle East and Africa said in a prepared statement. "Vietnam represents one of PepsiCo's most exciting growth opportunities, and this investment is a reflection of our confidence in this dynamic country and the talented people who live and work here." To read the rest, head over to TheStreet.com