SCGP has acquired a 30% stake in Duy Tan Plastics for USD 109 million, becoming its wholly owned entity to strengthen its position in Vietnam's packaging market.

Information on the Target

SCG Packaging (SCGP) has successfully acquired a 30% stake in Duy Tan Plastics, a prominent player in the Vietnamese plastics industry, for USD 109 million. This acquisition empowers SCGP to fully own Duy Tan Plastics, transforming it into a wholly-owned subsidiary. Duy Tan Plastics is renowned for its innovative products and contributes significantly to Vietnam's consumer packaging sector.

The acquisition aligns with SCGP's strategy to enhance its operational footprint in Vietnam, a rapidly evolving market characterized by increasing consumer demand and a growing emphasis on sustainability. By consolidating its ownership, SCGP aims to leverage Duy Tan's established market presence to broaden its portfolio of sustainable packaging solutions.

Industry Overview in Vietnam

The market landscape in Vietnam has been thriving, with total transactions in June 2025 reaching approximately USD 217 million. Two sectors, materials and education, stood out in thi