Tetra Pak to invest $104 mln more in southern Vietnam facility
Swedish multinational food packaging and processing company Tetra Pak will invest an additional €97 million ($104.3 million) in its packaging material production facility in Vietnam’s southern province of Binh Duong.
The investment will increase the total capacity investment in the site to over €217 million ($233.2 million), Tetra Pak said in a Tuesday statement.
The investment is part of the company’s long-standing plans to expand its production at the Vietnamese site to accommodate increasing demand from the region, Tetra Pak added.
Tetra Pak factory in Binh Duong province, southern Vietnam. Photo courtesy of Tetra Pak.
Tetra Pak’s expansion plans for the Binh Duong facility will include an additional production line which will be fully operational by the third quarter of 2025.
With this expansion, the facility, currently located in Vietnam-Singapore Industrial Park (VSIP) 2 in Binh Duong, will have the capability to produce new and innovative packaging formats.
To manage this additional capacity, the Binh Duong facility will also enhance its workforce, creating additional opportunities for the current staff and those in the surrounding communities, Tetra Pak said.
The expansion forms part of the company’s plans to position the Vietnamese market as a strategic growth engine for the region, the Swedish firm noted.
Eliseo Barcas, managing director and president at Tetra Pak Vietnam stated: “We are pleased to announce the next strategic growth plan at our Binh Duong site in Vietnam. This expansion is a testament of Tetra Pak’s long-standing commitment to Vietnam since we started our operations here 30 years ago. We are confident these changes will not only allow us to serve our valued customers better but also contribute to the economic development of the nation and the region.”
In July 2019, Tetra Pak inaugurated Vietnam's first-ever aseptic carton packaging material factory in Binh Duong province, adding Vietnam to its global supply chain map. As Tetra Pak’s eighth factory in the Asia-Pacific region, this facility can produce aseptic cartons for domestic and export markets in ASEAN, Australia and New Zealand.
- Related News
- Read More
Vietnam Deputy PM requests study of VAFIE proposals to build ‘leading’ economic groups
Vietnam’s Deputy Prime Minister Nguyen Van Thang has instructed ministries and state agencies to study recommendations from the Vietnam's Association of Foreign Invested Enterprises (VAFIE) on developing “leading” economic groups aimed at fostering large domestic corporations capable of competing regionally and globally.
Companies - Sat, May 16, 2026 | 1:03 pm GMT+7
Vietnam funds lag benchmark despite VN-Index hitting record highs
Vietnam’s benchmark VN-Index has surged to successive record highs in recent weeks, but many of the country’s largest investment funds have significantly underperformed the market, with some still posting negative returns for the year.
Finance - Sat, May 16, 2026 | 9:36 am GMT+7
Vietnam developer Hung Thinh Incons targets 3.5-fold revenue growth despite weak start to 2026
Ho Chi Minh City-headquartered Hung Thinh Incons has set a target to more than triple revenue in 2026 as the builder bets on public investment spending and a recovery in Vietnam’s construction market, despite continued pressure on its business performance.
Companies - Sat, May 16, 2026 | 8:00 am GMT+7
Vingroup to hire 20,000 workers for $35 bln Hanoi sports urban project
Vietnamese conglomerate Vingroup (HoSE: VIC) has announced the first-phase recruitment of over 20,000 workers for its massive Olympic Sports Urban Area project and other developments in Hanoi.
Companies - Fri, May 15, 2026 | 9:20 pm GMT+7
EVN eyes floating solar projects in central Vietnam
EVNGENCO1, a subsidiary of Vietnam’s state-owned utility Vietnam Electricity (EVN), is looking to invest VND4.4 trillion ($167 million) in three floating solar power projects in the central province of Lam Dong, expanding its push into renewable energy as Vietnam accelerates efforts to diversify electricity supply and cut carbon emissions.
Energy - Fri, May 15, 2026 | 3:53 pm GMT+7
Philippines' Jollibee earns over $16 mln from fried chicken, coffee chains in Vietnam in Q1
he Philippines’ Jollibee Foods Corporation (JFC) earned an EBITDA (earnings before interest, taxes, depreciation, and amortization) of over PHP1 billion ($16.2 million) from its fried chicken chain Jollibee and Highlands Coffee chains in Vietnam in Q1/2026.
Companies - Fri, May 15, 2026 | 3:42 pm GMT+7
Vietnam’s rapid growth in Asia-Pacific drives demand for higher operational standards: Savills
Being ranked among the Top 20 APAC Growth Hubs reinforces Vietnam’s appeal as a destination for international businesses, accelerating office expansion and multi‑site occupancy by regional and global tenants, write Savills Vietnam analysts.
Economy - Fri, May 15, 2026 | 3:33 pm GMT+7
Carlsberg Vietnam recognized with prestigious international, domestic honors
As expectations around sustainability continue to evolve, recognition for businesses is no longer driven by short-term outcomes, but by how they operate, adapt, and create value over time.
Companies - Fri, May 15, 2026 | 3:21 pm GMT+7
PV Drilling signs jack-up rig contract with Zarubezhneft EP Vietnam
PV Drilling, a subsidiary of state-owned Petrovietnam, has signed a contract to provide a jack-up drilling rig for Zarubezhneft EP Vietnam's development drilling campaign at the Thien Nga-Hai Au field in Block 12/11 offshore Vietnam.
Companies - Fri, May 15, 2026 | 2:03 pm GMT+7
Vietnam firms roll out hefty dividends after profit surge in 2025
Vietnamese companies are rolling out a wave of hefty cash dividends and bonus share issuances following strong earnings growth in 2025, with many payouts already scheduled for Q2/2026 after being approved during this year’s annual shareholder meetings.
Finance - Fri, May 15, 2026 | 1:04 pm GMT+7
Hanoi plans century-long urban overhaul centred on transport, Red River expansion
Hanoi has unveiled a sweeping new master plan with a 100-year vision that aims to transform the Vietnamese capital from a densely concentrated urban core into a multi-center metropolis driven by strategic infrastructure corridors, riverfront urbanization and regional transport connectivity.
Economy - Fri, May 15, 2026 | 9:35 am GMT+7
Berjaya Vietnam CEO spearheads $530 million acquisition of VinFast's manufacturing arm
Businessman Nguyen Hoai Nam, CEO of Berjaya Group Vietnam, has emerged as the key investor leading the $530 million takeover of Vietnamese electric vehicle maker VinFast’s manufacturing operations in Vietnam.
Companies - Fri, May 15, 2026 | 8:17 am GMT+7
S Korea’s KIM Fund no longer major shareholder in Vietnamese leading contractor Coteccons
South Korea’s KIM Vietnam Fund Management is no longer a major shareholder in Coteccons (HoSE: CTD) after its affiliated funds sold shares in one of Vietnam’s largest construction contractors.
Companies - Thu, May 14, 2026 | 6:46 pm GMT+7
Vingroup expands into surgical robotics with new medical technology venture
Vingroup (HoSE: VIC) is deepening its push into high-tech healthcare with the establishment of a new subsidiary focused on surgical robotics and advanced medical devices, as the country’s largest private conglomerate broadens its ambitions beyond electric vehicles, real estate, and hospitals.
Companies - Thu, May 14, 2026 | 6:19 pm GMT+7
Vietnam’s telecom giant Viettel expands defense tech cooperation with Turkish partners
Viettel High Tech, a subsidiary of military-run telecom heavyweight Viettel, has advanced partnerships in military communications, 5G infrastructure, counter-UAV systems, and next-generation defense technologies with major Turkish defense and telecom companies at the SAHA 2026 Defense and Aerospace Exhibition in Istanbul.
Companies - Thu, May 14, 2026 | 12:58 pm GMT+7
Vietnam Rubber Group posts highest quarterly profit in 5 years
Shares of Vietnam Rubber Group (HoSE: GVR) have surged 28% over the past three weeks after the state-controlled corporation reported its highest quarterly profit in five years, driven by a sharp increase in land compensation income and rubber tree liquidation gains.
Companies - Thu, May 14, 2026 | 12:09 pm GMT+7
