Last October, Coca-Cola invested $3m in a new water line for its Dasani brand

Last October, Coca-Cola invested $3m in a new water line for its Dasani brand

The Coca-Cola Co has said that it will invest more than US$40m in a major upgrade of its facility in Hanoi, Vietnam over the next year.

Last October, the firm invested $3m in a new water line for its Dasani brand in Danang, and has said it now hopes to add a new high-speed PET plastic line and new hot-fill line to its Hanoi facility.

Coca-Cola said that Vietnam is "an important growth market" for the firm. By the end of 2011, it will have invested more than $150m in the country since 1994.

Within Vietnam, Coca-Cola's business comprises of Coca-Cola Southeast Asia, a representative office of Coca-Cola and its bottling partner, Coca-Cola Beverages Vietnam, which employs around 1,600 people at its three plants located in Ho Chi Minh City, Danang and Hanoi.

The division currently produces sparkling, juice, tea, water, dairy and energy beverages for the Vietnam market. In 2010, Coca-Cola's beverages volume grew by 26% in the country.