Thai packaging giant takes 30-year lease for largest ready-built factory in VN
Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
The contract, the largest in the locality so far, marks a significant step in the company’s expansion into the Southeast Asian market while reinforcing Vietnam’s position as an important player in the regional manufacturing and industrial landscape.
The facility spans 43,057 square metres and features a state-of-the-art factory with a gross floor area (GFA) of 24,436 square metres. Purpose-built for advanced virgin plastic packaging production, it is designed to have a production capacity of 9,000 tonnes annually. This project is expected to generate significant local employment opportunities and adhere to strict environmental standards.
John Campbell, Director and Head of Industrial Services at Savills Vietnam, which facilitated the factory lease, said Phuoc Dong Industrial Park offers a combination of modern infrastructure, strategic connectivity and access to skilled labour that aligns with Thantawan’s operational needs.
Besides, the partnership underscores Tay Ninh’s appeal as a destination for industrial investment, especially for companies seeking competitively priced, ready-built facilities outside of traditional hubs like Ho Chi Minh City, Binh Duong and Dong Nai, he said.
Tran Manh Hung, chairman of Saigon VRG Investment JSC, which invests in Phuoc Dong Industrial Park, said facilities at the IP have been designed to accommodate diverse industries and meet the precise technical requirements of Thantawan’s packaging plant.
He pledged to ensure that the project will progress smoothly and soon begin stable production.
