German Quickpack to invest $31.7 million in Long An province

The signing was held during the Trade and Investment Promotion Programme in Europe held in France, Belgium, and Germany from November 11-21.

Speaking at the signing ceremony, Joerg Schwaderer, chairman of QuickPack Group, expressed his sincere thanks to Long An'sl leadership for their invaluable support in establishing the first factory in Thuan Dao Industrial Park in 2017.

“Thanks to the partnership with the industrial park investor, Dong Tam Group has provided an optimal environment for QuickPack to thrive as a leading foreign investor,” Schwaderer said.

QuickPack made significant strides in exports, increasing from over 50 TEUs in its initial year to over 2,000 TEUs in 2024. In a strategic move to meet growing demand, QuickPack has committed to doubling its production capacity in Vietnam by expanding its existing 10-hectare industrial facility, which has been in operation for the past seven years. The new factory is set to break ground in 2025, featuring the world's most advanced equipment to produce high-end goods for export to the European, North American, and Australian markets.

One day before, on November 17, the Long An delegation, accompanied by Dong Tam Group, embarked on a visit to the QuickPack Factory in Cologne, Germany.

The purpose of the visit was to gain insights into QuickPack's manufacturing processes and product range, with a particular focus on their eco-friendly products. These products are entirely recyclable, aligning with QuickPack's commitment to environmental sustainability.

This signing ceremony was a pivotal moment for the Southeast Asia Long An Industrial Park, signalling a new era of economic growth for the region. The integrated Long An International Port project, developed by Dong Tam Group, covers a vast 1,935 hectares in Can Giuoc district. This ambitious project brings together an industrial zone, port, urban centre, and industrial service area, creating a synergistic and self-sufficient development ecosystem.

The Long An International Port Complex development in Can Giuoc district. Photo: Dong Tam Group

Long An province aims to transform Can Giuoc District into a global logistics hub and a major trading gateway. The strategy is centered around Long An International Port, Long An Economic Zone, and the surrounding ring road transportation system which will serve as a new growth driver.

This dynamic development will incorporate modern economic models based on existing urban areas, supported by a multi-sector industrial system, advanced port and logistics infrastructure, thriving tourism, service, and trade sectors.

Nguyen Van Duoc, Secretary of Long An Party Committee, talked about a convergence and commonalities between the strengths of Germany and Vietnam, as well as Cologne and Long An.

With a focus on fostering future development, Long An has identified cities such as Cologne, with their strong industrial and mechanical engineering sectors, as prime targets for investment attraction.

“The government's dynamic, confident approach and its commitment to providing maximum support for investors make it a perfect partner for Germany. Our shared vision for 2050 aligns perfectly, making this cooperation a natural fit. I propose the establishment of a Long An - Cologne Industrial Park in Long An to facilitate increased investment and cooperation between the two regions,” Duoc said.

“I would like to request the support of IHK, AHK, and GTAI in realising this initiative. While the German business community in Long An is still developing, the success of companies such as QuickPack highlights the potential for future growth,” he added.

Philipp Rosler, former Vice Chancellor of Germany and honorary consul of Vietnam in Switzerland, said in his speech at the event that Vietnam, in general, and Long An, in particular, possess immense untapped potential for development.

“Long An, with its developing infrastructure, shared border with Cambodia, and the presence of Long An International Port, offers numerous opportunities to attract foreign investment. Fifteen European Union countries have already invested in Long An, and I am eager to see more German companies join them. The Mekong Delta, especially Long An, is increasingly becoming a hub for high-tech agriculture, demonstrating the region’s potential beyond traditional farming and fisheries,” he added.

Long An is the first province in the Mekong Delta to be approved for its development planning for 2021-2030, with a vision of becoming a dynamic, efficient, and sustainable economic development centre of the southern region by 2050, and a leading industrial province nationwide by the same year.

With its strategic location, rapid urbanisation, strong infrastructure, and being ranked second in the country for the 2023 Provincial Competitiveness Index, Long An is a prime foreign investment destination.

QuickPack was established in 1966 in Stuttgart-Feuerbach, specialising in household and hygiene products. By expanding its manufacturing footprint to Germany, Poland, and Vietnam, and fostering strategic partnerships worldwide, QuickPack has demonstrated its commitment to growth and adaptability in a dynamic market.

The Dong Tam brand was founded in 1969 in Vietnam, with core competencies in manufacturing and trading of construction materials, as well as interior-exterior decoration. Over its 55 years in the market and 20 years in the development and leasing of industrial park infrastructure, Dong Tam has successfully transformed into a multi-faceted corporation, demonstrating agility and modernity.

By Bich Ngoc

Source: VIR