Thailand's Thantawan Industry implements state-of-the-art factory in Tay Ninh

Thailand's Thantawan Industry implements a state-of-the-art factory in Tay Ninh. Photo: Savills Vietnam

The lease agreement marks Thantawan’s inaugural investment in Vietnam, and further strengthens the country's position as a key player in the regional manufacturing and industrial landscape.

The new facility spans 43,057 square metres and features a state-of-the-art factory with a gross floor area of 24,436sq.m. Purpose-built for advanced virgin plastic packaging production, the facility is designed with a production capacity of 9,000 tonnes annually. This project is expected to generate significant local employment opportunities while adhering to strict environmental standards.

Thantawan Industry (Vietnam) Co., Ltd., a subsidiary of Thantawan Industry Public Co., Ltd., leverages more than 40 years of expertise in delivering innovative and eco-friendly packaging solutions. The investment reflects the company’s commitment to meeting rising demand across Southeast Asia while maintaining its reputation for international quality and sustainability.

With a 30-year lease term, this transaction represents one of the longest ready-built factory leases in Vietnam’s industrial market.

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 perfectly with Thantawan’s operational needs. This partnership underscores Tay Ninh’s growing appeal as a destination for industrial investment, particularly for companies seeking competitively priced, ready-built facilities outside traditional hubs like Ho Chi Minh City, Binh Duong, and Dong Nai.”

In the same vein, Tran Manh Hung, chairman of Saigon VRG Investment JSC, which invests in Phuoc Dong Industrial Park, remarked, “The facilities at Phuoc Dong Industrial Park have been designed to accommodate diverse industries and meet the precise technical requirements of Thantawan’s packaging plant. We are confident in the company’s potential for sustainable growth at Phuoc Dong Industrial Park and in Vietnam. Our team remains dedicated to ensuring the project progresses smoothly and achieves stable production.”

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