King Coffee, Tin Thanh Group build U.S. tire recycling plant
Vietnamese companies King Coffee and renewable energy developer Tin Thanh Group are kicking off a strategic business partnership in the U.S. by building a tire recycling factory in South Carolina.
“The construction marks a key milestone in the strategic partnership of King Coffee and Tin Thanh Group in the U.S. King Coffee expects this cooperation to help us become more competitive in the market,” King Coffee founder and CEO Le Hoang Diep Thao said at the South Carolina plant’s groundbreaking ceremony Tuesday.
The two Vietnamese companies’ tire recycling facility will be based in Fairfax, South Carolina. They did not disclose the investment capital for the plant, its capacity, and the schedule to start operations.
The VIPs at the ceremony included South Carolina governor Henry Dargan McMaster, Anthony Allen, business recruitment manager at the South Carolina Department of Commerce, and Nguyen Quoc Dung, Vietnamese Ambassador to the U.S.
Two Vietnamese companies, King Coffee and renewable energy developer Tin Thanh Group, have kicked off their strategic business partnership in the U.S. by building a tire recycling factory in South Carolina.
Kevin Nguyen, King Coffee's director in the U.S., said the Vietnamese firm’s coffee products are already available in around 120 markets worldwide. They have been present in the U.S. since 2016, available at and through retail chains like Cosco, Aldi, Amazon, and Walmart. In April 2021, King Coffee opened its first U.S. coffee shop at Anaheim GardenWalk near Disneyland in California.
King Coffee is about to start franchise deals in the U.S., he added.
Tin Thanh Group was established in 2009 and is a renewable energy developer in Vietnam and the U.S.
- Related News
- Read More
Petrolimex seeks to sell entire treasury stock holdings as shares remain 43% below peak
Petrolimex, Vietnam's largest fuel retailer by market share, plans to sell its entire treasury stock holdings to comply with public company regulations, while its PLX shares on the Ho Chi Minh Stock Exchange plunged 43% from the peak reached in March.
Companies - Thu, June 4, 2026 | 4:51 pm GMT+7
MB's digital business account opening solution wins award
BIZ MBBank, a corporate digital banking platform of Military Commercial Joint Stock Bank (MB), has been recognized at the Vietnam I4 Impact Awards 2026 for its digital business account opening solution, underscoring the lender's efforts to advance digital banking services for corporate customers.
Companies - Thu, June 4, 2026 | 3:42 pm GMT+7
Chinese electronics component manufacturer redirects capital to Vietnam project
Shenzhen Click Technology’s decision to channel funds into its Vietnam project underscores the country’s growing importance in the company’s global strategy.
Industries - Thu, June 4, 2026 | 2:33 pm GMT+7
Vietnam targets launch of central counterparty clearing mechanism in early 2027
Vietnam's securities regulator is aiming to launch a central counterparty clearing (CCP) mechanism in the first quarter of 2027, a key step in strengthening market infrastructure and meeting international criteria for a stock market status upgrade.
Finance - Thu, June 4, 2026 | 1:57 pm GMT+7
Becamex: From failed capital raisings to state divestment pressure
After multiple unsuccessful capital-raising attempts, Vietnam’s industrial real estate giant Becamex IDC (HoSE: BCM) is now facing a new challenge: reducing state ownership from 95.44% to 65% to meet the requirements for maintaining its status as a public company.
Companies - Thu, June 4, 2026 | 11:29 am GMT+7
Banks regain lead in Vietnam's private placement bond market in May
Vietnamese banks regained their position as the largest issuers in the private placement bond market in May, as lenders sought to diversify funding sources, strengthen capital buffers,and meet increasingly stringent regulatory requirements.
Banking - Thu, June 4, 2026 | 9:15 am GMT+7
From refreshment to experience: A consumer trend emerging this summer
As temperatures rise across Vietnam, demand for soft drinks typically surges. But beyond seeking refreshment and an energy boost, many consumers are developing a new habit after finishing their beverages: peeling back bottle labels, entering promotional codes and receiving results on their phones within seconds.
Companies - Thu, June 4, 2026 | 8:45 am GMT+7
TikTok Shop narrows gap with Shopee as Vietnam e-commerce becomes duopoly
Vietnam’s e-commerce market is rapidly evolving into a two-player battleground as TikTok Shop aggressively gains ground on Shopee, reshaping how consumers shop online and how brands allocate advertising and sales budgets.
Economy - Wed, June 3, 2026 | 4:51 pm GMT+7
Vietnam regulator confirms foreign ownership limits for PV Drilling, PVTrans
Vietnam’s securities regulator has confirmed foreign ownership limits for two major state-controlled oil and gas companies, leaving significant room for overseas investors to increase holdings in both firms.
Companies - Wed, June 3, 2026 | 4:34 pm GMT+7
Vietnam power firms post strong profits as heatwave drives electricity demand, but stocks lag
Vietnamese power producers reported sharply higher first-quarter profits as electricity demand surged amid prolonged heatwaves, although their shares have yet to reflect the sector's improving fundamentals.
Companies - Wed, June 3, 2026 | 3:35 pm GMT+7
Nghe An emerges as leading FDI destination with Quynh Lap LNG power project, WHA industrial zone development
Nghe An province is cementing its status as a premier destination for foreign direct investment (FDI) in Vietnam.
Industries - Wed, June 3, 2026 | 1:37 pm GMT+7
K-Pop mogul-linked $99 mln entertainment, tourism project in central Vietnam clears key hurdle
A nearly VND2.6 trillion ($98.74 million) entertainment and tourism project backed by a company associated with K-pop mogul Lee Soo Man has cleared a major regulatory hurdle after Gia Lai province authorities okayed the conversion of more than 191 hectares of forest land for its implementation.
Real Estate - Wed, June 3, 2026 | 12:26 pm GMT+7
Vietnam industrial real estate enters race for new capital
As foreign direct investment becomes increasingly selective and low costs cease to be a competitive advantage, Vietnam’s industrial real estate developers are being forced to reinvent themselves, demonstrating project execution capabilities, cost management expertise, and compliance with green standards.
Industrial real estate - Wed, June 3, 2026 | 11:26 am GMT+7
Golden Gate targets 200% profit hike as restaurant operator accelerates expansion
Vietnamese restaurant operator Golden Gate Group is targeting record revenue and a sharp rebound in profit in 2026 as the company accelerates expansion across its dining and beverage chains, including efforts to revive coffee brand The Coffee House.
Companies - Wed, June 3, 2026 | 8:00 am GMT+7
PVFCCo wins two awards for digital transformation, smart manufacturing
PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), Vietnam's leading fertilizer producer, received two awards at the Vietnam I4 Impact Awards 2026, recognizing its achievements in smart manufacturing and digital services as the company accelerates its digital transformation strategy.
Companies - Tue, June 2, 2026 | 5:38 pm GMT+7
Masan Consumer showcases Vietnamese brands at THAIFEX 2026
Masan Consumer took part in THAIFEX – Anuga Asia 2026, one of Asia's largest food and beverage trade exhibitions, as the Vietnamese consumer goods company seeks to expand its international footprint and promote Vietnamese cuisine to global consumers.
Companies - Tue, June 2, 2026 | 5:12 pm GMT+7
