Thai packaging firm Thantawan Industry makes inroad into Vietnam
Thantawan Industry Public Company Limited, a leading Thai manufacturer of premium plastic packaging, has inked a deal for a 30-year factory lease, marking its inaugural investment in Vietnam.
The new facility, located in Saigon VRG Investment JSC-invested Phuoc Dong Industrial Park, the southern province of Tay Ninh, spans 4.3 hectares and features a factory with a gross floor area (GFA) of 24,436 square meters.
Tran Manh Hung, chairman of Saigon VRG Investment JSC, and Pojanard Prinyapatparkorn, chairwoman of Thantawan Industry Co., Ltd. (Vietnam), sign an agreement on factory leasing at Phuoc Dong Industrial Park. Photo courtesy of Savills Vietnam.
Thantawan Industry (Vietnam) Co., Ltd., a subsidiary of Thantawan Industry Public Company Limited, leverages more than 40 years of expertise in packaging solutions.
The lease was facilitated by property service firm Savills Vietnam. With a 30-year lease term, this transaction represents one of the longest ready-built factory leases in Vietnam’s industrial market.
Purpose-built for advanced virgin plastic packaging production, the facility is designed to achieve a production capacity of 9,000 tons annually, meeting rising demand across Southeast Asia.
“Phuoc Dong Industrial Park offers a combination of modern infrastructure, strategic connectivity, and access to skilled labor that aligns perfectly with Thantawan’s operational needs,” said John Campbell, director and head of industrial services at Savills Vietnam.
“This partnership underscores Tay Ninh province’s growing appeal as a destination for industrial investment, particularly for companies seeking competitively priced, ready-built facilities outside of traditional hubs like Ho Chi Minh City, Binh Duong, and Dong Nai,” Campbell added.
“This achievement not only marks a milestone for Thantawan Industry but also highlights the growing potential of Tay Ninh province as an industrial destination,” said John Campbell, adding that his company is seeing increased interest from foreign investors seeking high-quality, cost-effective facilities in emerging locations.
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