VSSES AND VKPC FORM STRATEGIC PARTNERSHIP TO ADVANCE RENEWABLE ENERGY IN MANUFACTURING

On April 10, 2026, at the office of Vietnam Singapore Smart Energy Solutions Company (VSSES), the Memorandum of Understanding (MOU) signing ceremony between VSSES and Vina Kraft Paper Company Limited (VKPC) was successfully held.

This event marks a significant milestone in integrating renewable energy solutions into VKPC’s manufacturing operations, with an expected total installed capacity of 20 MWp. The partnership lays a strong foundation for accelerating the transition toward clean energy in industrial production, contributing to long-term sustainable development.

Representatives of both companies at the signing ceremony. Mr. Pham Van Thuy – General Director of VSSES (right) and Mr. Jaturong Yatfoong– General Director of VKPC (left).

Green Transition in the Packaging Industry: Drivers and Corporate Actions

As the packaging industry continues its strong growth trajectory, Vietnam’s paper packaging market is projected to reach approximately USD 4.14 billion by 2029, with a compound annual growth rate (CAGR) of around 9.73% from 2024 to 2029. However, this expansion also brings increasing pressure for businesses to transition toward more environmentally friendly production models.

The shift toward “green packaging” is becoming inevitable as environmental standards continue to tighten. According to the Vietnam Report, businesses are prioritizing the reduction of waste generation and carbon emissions throughout production and distribution processes. In response, companies are actively optimizing operations, improving resource efficiency, and accelerating the adoption of renewable energy in manufacturing.

As a pioneer in the industry, Vina Kraft Paper Company Limited – a subsidiary company of SCGP under the SCG Group – continuously innovates and implements green manufacturing and supply chain solutions aligned with the ESG 4 Plus framework, which includes Net Zero commitment, green growth, inequality reduction, collaboration, fairness, and transparency.

Speaking at the ceremony, Mr. Jatrurong Yatfoong – General Director of VKPC – expressed high appreciation for the partnership with VSSES, emphasizing that renewable energy adoption will help optimize operational costs while reinforcing the company’s commitment to sustainable development.

On behalf of VSSES,  Mr. Pham Van Thuy– General Director of the company – stated that VSSES will directly develop and operate renewable energy solutions, supporting VKPC in advancing green energy usage and reducing carbon emissions in manufacturing. He noted: “This project represents not only a collaboration between two companies but also a meaningful step forward in VSSES’s sustainability strategy. We aim to support our partners in reducing emissions, promoting clean energy adoption, and progressing toward Net Zero, while gradually building eco-industrial park models in Vietnam.”

VSSES – A Trusted Energy Solutions Partner for Businesses

The collaboration between VSSES and VKPC demonstrates a clear trend of integrating renewable energy into large-scale industrial infrastructure. This modern development model connects manufacturing operations with green energy usage, enhancing efficiency while supporting sustainable growth.

Beyond economic and energy benefits, the project also serves as a foundation for expanding future sustainable energy initiatives, in line with Vietnam’s ongoing energy transition.

VSSES highly values the trust from VKPC and remains committed to partnering with strategic clients to deliver efficient, flexible, and sustainable energy solutions, contributing to environmentally friendly production environments, improved business competitiveness, and long-term value creation for the community.

About VKPC

Vina Kraft Paper Company Limited is a leading paper packaging manufacturer in Vietnam, established in 2007. The company specializes in industrial packaging paper production and sustainable recycling solutions.

With a strong commitment to sustainability, VKPC was recognized among the Top 100 Sustainable Enterprises in Vietnam 2025 (CSI), reflecting its continuous efforts in transitioning toward environmentally friendly production models.

Through ongoing innovation, VKPC focuses on optimizing production processes, improving resource efficiency, and reducing waste and carbon emissions, while promoting sustainable packaging solutions aligned with market trends.

As a reliable recycling solutions provider, VKPC not only produces recycled paper but also expands eco-friendly packaging solutions. With stable recycling capacity and strict input material control, the company supports partners in meeting regulatory recycling requirements, contributing to the development of a circular economy in Vietnam.

The partnership between VSSES and VKPC marks not only a significant collaboration milestone but also a meaningful contribution to accelerating the green transition in industrial manufacturing, paving the way toward a more sustainable and environmentally responsible future.