US food and drinks giant PepsiCo is to invest US$250m in Vietnam over the next three years, the company announced today (16 August).

PepsiCo plans to use the investment to increase its manufacturing capacity, introduce new products and “strengthen” its existing brands.

“Vietnam represents one of PepsiCo’s most exciting growth opportunities,” Saad Abdul-Latif, CEO of PepsiCo Asia, Middle East and Africa, said.