Topping the list of 7 largest packaging enterprises in Vietnam which was prepared by VietnamCredit is Tetra Pak (Sweden). Following are Hung Yen Plastic JSC, Box-Pak (Vietnam) Co., Ltd., Donghai Joint Stock Company of Bentre, Tan Tien Plastic Packaging Joint Stock Company, Sadico Cantho Joint Stock Corporation, and Bien Hoa Packaging Company.
1. TETRA PAK VIETNAM JOINT STOCK COMPANY
Tetra Pak Vietnam Joint Stock Company was established in 2003. The company is a subsidiary of Tetra Pak Group (Sweden), which has been present in 165 countries around the world. With the technology and technical support of the parent company, Tetra Pak Vietnam is currently considered as one of the biggest enterprises specializing in providing liquid food packaging solutions.
With more than 25 years of development history in Vietnam (since 1994), Tetra Pak has affirmed its brand name. All of the wood fibers that make up Tetra Pak paper boxes are harvested from regenerated forests certified by the international organization FSC. In addition, Tetra Pak processing and packaging systems are also trusted and favored by manufacturers thanks to their simple operation, reduced equipment costs, and economic distribution.
In recent years, Tetra Pak's revenue has decreased slightly, but has remained above 260 million USD. Profit after tax of the company in 2020 reached 1.7 million USD, down 55% compared to 2019.
2. HUNG YEN PLASTIC JOINT STOCK COMPANY
Hung Yen Plastics Joint Stock Company (HPC) was established in 1974. The company operates mainly in the field of producing PE bags and PE films.
Starting as a state-owned enterprise participating in a cooperation project with Japanese enterprises Nagasaki and Musashino, since 1996, HPC has built a production process according to Japanese standards with a team of employees who are trained in Japan.
In 2005, HPC was equitized with 100% capital from employees. With a new form of business ownership, inheriting the foundation of Japanese standard production processes, HPC continues to expand the production scale of PE bags and stretch film. Up to now, HPC has developed 10 factories located in Hung Yen, Hai Phong, Ho Chi Minh City, with an average total output of 6000 MT/month, of which 75% are supermarket bags, 24% garbage bag products, and 1% stretch film products.
Through becoming a supplier to large Japanese corporations and enterprises, HPC's products are present in many stores and large supermarket systems such as Family Mart, Super Mart, Wallmart, and Aeon.
Currently, in addition to PE bags, HPC has started researching and implementing a project to produce PE gloves with an estimated scale of 300 MT/year.
Due to the Covid-19 epidemic, the company’s revenue in 2020 decreased significantly compared to previous years. Specifically, in 2019, its revenue was 140.3 million USD while in 2020, this figure was 106 million USD.
3. BOX-PAK (VIETNAM) CO., LTD.
Box-Pak (Malaysia) was incorporated on December 28, 1974 as a private limited liability company. It operated from a leased factory in Kuala Lumpur with old machines for the production of single-layer cartons until 1984 when it acquired the first factory and installed a high-speed corrugated board with a capacity of 15,000 tons of goods. As its business expanded, the company moved to its current facility at Batu Caves in 1993 and invested RM25 million in a new High Speed Fully Automatic Microcomputer Tuning Machine imported from Isowa, Japan and Marquip, USA.
Currently, Box-Pak is one of the leading corrugated boxes and cutter tray manufacturers in the Asean region with a market capitalization of over RM200 million. It has factories in Malaysia (Selangor and Johor), Vietnam (Hanoi and Ho Chi Minh) and Myanmar (2018). The group has 1,400 employees and a factory capacity of 175,000Mt. Its clients include major companies related to FMCG, electronics, industry and edible oils.
4. DONGHAI JOINT STOCK COMPANY OF BENTRE
Dong Hai Joint Stock Company of Ben Tre, formerly a state-owned enterprise, was established in 1994. In April 2003, the company became a joint stock company under Decision No. 4278/QD-UB of the People's Committee of Ben Tre province. In July 23, 2009, Dong Hai Ben Tre Joint Stock Company officially listed and traded shares on Ho Chi Minh City Stock Exchange (HOSE) with stock code DHC.
The company specializes in producing and trading in industrial kraft paper, carton packaging, and packaging products from paper.
In the first three months of 2021, it recorded net revenue and profit after tax of 1,017 billion VND and 173 billion VND, respectively, equivalent to an increase of 52% and 94% over the same period. With this result, Dong Hai Ben Tre fulfilled 29% of the revenue target and 43% of the estimated profit after tax target for the whole year.
Previously, in 2020, Dong Hai Ben Tre recorded a net revenue of 2,888 billion VND, double that of 2019. Profit after tax also reached a record of 392 billion VND, an increase of nearly 115% compared to the previous year.
5. TAN TIEN PLASTIC PACKAGING JOINT STOCK COMPANY
Established in 1966, Tan Tien Plastic Packaging Joint Stock Company was originally named Vietnam Plastics Company (Simiplast). Experiencing a long history of formation and development, Tan Tien Plastic Packaging was the first company produce soft plastic packaging in Vietnam. With the size of the company in Ho Chi Minh City of 50,000 m2 combined with many years of experience, the company has become one of the leading packaging manufacturers in Vietnam.
Tan Tien Plastic Packaging Joint Stock Company always focuses on research and development, invests in modern machinery and equipment, and applies the latest technologies in printing, laminating and blowing films to create value for customers with flexible, innovative, and continuously improved packaging solutions to enhance the quality of life and share environmental responsibility.
In 2020, the total revenue of the enterprise reached 1,780.8 billion VND, a slight increase compared to the previous year. Profit after tax reached nearly 145.2 billion VND, up nearly 30%.
By the end of the year, the total assets of the company reached 1,516.7 billion VND. Liabilities, most of which are short-term debts, were 507.7 billion VND. Undistributed profit after tax was 572.9 billion VND.
6. SADICO CANTHO JOINT STOCK CORPORATION
Sadico Can Tho is one of the leading companies in Vietnam in the production and trading of high-quality cement bags and financial investment. With a total area of 30,000m2, the company has invested in many modern and synchronous production lines from Germany & Austria with a capacity of 80 million bags per year.
In the period 2018 to 2020, Sadico Can Tho's revenue doubled. Specifically, in 2018, the company's revenue reached 37.2 million USD, by 2020, this figure was 75.9 million USD. Accordingly, the after-tax profit of the business also increased significantly, from 2.3 million USD in 2018 to 4.2 million USD in 2020.
7. BIEN HOA PACKAGING COMPANY
Bien Hoa Packaging Joint Stock Company was established in 1968. Over 45 years of establishment and development, the company has constantly grown in both size and product quality, becoming one of the leading packaging suppliers in Vietnam.
Especially, after equitization, the company's annual growth rate was maintained from 15-25%. Bien Hoa Packaging specializes in manufacturing carton packaging (accounting for 75% of revenue structure) and offset packaging (accounting for 25% of revenue structure). Currently, it has 4 factories, including 2 carton packaging factories with a total designed capacity of up to 75,000 tons/year, 1 offset printing factory with a capacity of 5,000-6,000 tons/year, and 1 paper mill with a capacity of 3,000 tons/year. With modern equipment and technology from France, Germany, Switzerland, and Taiwan.
Henry Tran – VietnamCredit