San Miguel Corp (SMC) has announced that it has signed an agreement allowing it to build a beverage factory in Vietnam. A recent press release said that company executives have signed a property lease agreement with Amata Co Ltd that would allow it to put up a beverage facility in Vietnam. The 40-year lease agreement with Amata, the same group which SMC had an earlier agreement with for a similar venture in Rayong, Thailand, involves a 100,000-square meter property located at the Long Binh Ward, Dong Nai Province in Vietnam. The lease would be effective until 2044. The facility is a multi produce flexiline that would manufacture high quality beverages primarily from domestic materials. SMC said its investment would allow it to capitalise on Vietnam's economic growth and prosperity.
