Business

Soft drinks imported despite local products

Soft drink maker Coca-Cola has three factories in the country, but around 900,000 USD has been spent since the beginning of this year to import the drink, according to the HCM City Customs Department.
Soft drink maker Coca-Cola has three factories in the country, butaround 900,000 USD has been spent since the beginning of this year toimport the drink, according to the HCM City Customs Department.

No Coca-Cola products were imported into Vietnam last year.

Martin Gil, general director of Indochina Coca-Cola and chiefrepresentative of the brandname in Vietnam , said consumption oftheir products in the local market was growing faster than expected, soseveral firms chose to import some to meet demand.

Thethree Coca-Cola plants in the country produce a total of 608 millionlitres and the company is installing two more production chains in itsfactories in Hanoi , and upgrading facilities in HCM City and DaNang .

"The imports will be fully stopped at the end ofnext year when we complete improvement of our production capacity," Giltold the Tuoi Tre (Youth) newspaper.

In fact, importedsoft drink is much cheaper than local products. Each imported box ofCoca-Cola costs around 80,000 VND (4USD) (after taxes), half the retailprice in the domestic market.

Apart from Coca-Cola, theRed Bull energy drink is also imported from Thailand , despite the factthat it is also produced in Vietnam./.
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