QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)

Speaking at the signing ceremony, Mr. Joerg Schwaderer, Chairman of QuickPack Group, stated “We would like to express our sincere thanks to the Long An provincial leadership for their invaluable support in establishing our first factory in Thuan Dao Industrial Park in 2017. Thanks to the partnership with the industrial park investor, Dongtam Group, has provided an optimal environment for QuickPack to thrive as a leading foreign investor. 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 7 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. QuickPack has set a goal of exporting more than 3,500 TEUs of goods to these key markets in 2025. The total annual revenues of factories in Germany, Poland, and Vietnam in 2024 amounted to EUR500 million and is projected to reach EUR550 million in 2025”.

On November 17, 2024, the Long An Province delegation accompanied by Dongtam 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.

New developments at Long An International Port Complex

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

Long An Province aims to transform Can Giuoc District into a global logistics hub and a major trading gateway. The strategy is centered around the Long An International Port, the 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. All these elements are integrated with a commitment to environmental protection. Locating a factory in an industrial park right next to a seaport offers more than just reduced logistics costs but also fosters a sustainable

ecosystem, driving regional and national economic growth. These industrial parks act as a crucial link between production and global markets, streamlining supply chains, and stimulating the growth of supporting industries

Mr. Nguyen Van Duoc, Secretary of the Provincial Party Committee said, “Despite a short stay in Germany, I sensed 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. I would like to request the support of IHK, AHK, and GTAI in realizing 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”.

Envisioning a sustainable future

Long An is the first province in the Mekong Delta to be approved for its development planning for the period 2021-2030, with a vision of becoming a dynamic, efficient, and sustainable economic development center of the Southern region by 2050, and a leading industrial province nationwide by the same year. With its strategic location, rapid urbanization, strong infrastructure, and being ranked second in the country for the 2023 Provincial Competitiveness Index, Long An Province is a prime FDI destination. The province is actively implementing its development plan to foster sustainable growth and attract more foreign businesses.

This business trip is a continuation of the activities under Long An Province's 2024 Investment Promotion Program. It has immense significance in broadening Long An's international relationships with European counterparts, stimulating economic cooperation, attracting investments in projects related to green transformation, and actively contributing to the shift of foreign direct investment (FDI) into the province. This serves as an excellent opportunity for Long An's businesses to exchange experiences and bolster bilateral economic cooperation with European partners.

Mr Philipp Rosler, Former Vice Chancellor of Germany and Honorary Consul of Vietnam in Switzerland, said in his speech at the event, “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”.

Dongtam Group and QuickPack have inked a strategic partnership deal, further deepening Vietnam's economic ties with Germany and solidifying their positions as industry leaders.

German businesses have expressed keen interest and high regard for Vietnam's investment climate, recognizing its significant potential, competitive advantages, and the strong support provided by the government at all levels to foreign investors. Looking ahead, the Vietnamese Commercial Counselor's Office in Germany has committed to actively facilitating Long An's efforts to attract German investment and will continue to foster trade diplomacy between the two nations. Additionally, the office will play a pivotal role in connecting localities to promote trade, investment, and collaborative ventures.

ABOUT QUICKPACK AND DONGTAM GROUP

QuickPack was established in 1966 in Stuttgart-Feuerbach. Specializing in household and hygiene products, QuickPack designs and produces a wide range of items for global trading companies and top retail chains. Their product line encompasses aluminum foil, cling wrap, freezer bags, storage bags for household, food, and medical applications, as well as various types of baking paper for similar uses. Through continuous innovation and a deep understanding of customer requirements, QuickPack has become a leading manufacturer and supplier. By expanding its manufacturing footprint to Germany, Poland, and Vietnam, and fostering strategic partnerships worldwide, QuickPack demonstrates 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. The company has consistently diversified its business portfolio, expanded its factories and warehouses nationwide, ventured into port operations, provided a full range of logistics services, and invested in many other high- potential fields.

PV