Central Pattana & Sun Group Ink Vietnam Retail Deal for 66B Baht

MGR Online•Economy•5h ago

Reader Briefing

Central Pattana and Sun Group have signed an MOU to explore mixed-use retail development in Vietnam, marking a significant regional expansion for Central Pattana.

•Central Pattana, a leading Thai real estate developer, has signed a Memorandum of Understanding (MOU) with Vietnam's Sun Group to explore retail and mixed-use development opportunities in Vietnam.
•The collaboration, signed at the Thailand-Vietnam Business Forum 2026, aims to drive regional growth and strengthen bilateral economic ties.
•Central Pattana plans an investment of approximately 66,000 million baht (USD 2 billion) in Vietnam over the next 15-20 years, focusing on major cities like Da Nang, Ho Chi Minh City, and Phu Quoc.

Overview

•Central Pattana, Thailand's number one real estate developer, has signed an MOU with Sun Group, a leading Vietnamese real estate and tourism company, to explore joint development opportunities.
•The signing ceremony took place at the Thailand-Vietnam Business Forum 2026 in Bangkok, attended by high-level representatives from both countries.
•This collaboration coincides with the 50th anniversary of Thailand-Vietnam diplomatic relations and aims to boost bilateral trade to 25,000 million USD.
•Central Pattana plans to invest 2,000 million USD (approximately 66,000 million baht) in Vietnam over the next 15-20 years.
•Both companies will study opportunities for developing large-scale landmark projects in key Vietnamese cities: Da Nang, Ho Chi Minh City, and Phu Quoc.
•Potential projects include commercial and lifestyle developments riverside in Da Nang, retail and mixed-use projects in Ho Chi Minh City's new CBD, and a luxury retail destination in Phu Quoc.
•Central Pattana was founded in 1980 and is a pioneer in modern retail development in Thailand, with extensive experience in mixed-use projects.
•Sun Group, established in 2007, is a leading Vietnamese private conglomerate involved in tourism, hospitality, real estate, and infrastructure.

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Key Entities

Organization

Central Pattana(เซ็นทรัลพัฒนา)ℹ️

A leading Thai real estate developer that has signed an MOU to develop retail and mixed-use projects in Vietnam.

Sun Group(ซัน กรุ๊ป)

A leading Vietnamese real estate and tourism company that has signed an MOU with Central Pattana for joint development projects.

Central Group(กลุ่มเซ็นทรัล)ℹ️

The parent group of Central Pattana, with a long-standing relationship with Vietnam.

Person

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister of Thailand who witnessed the signing of the MOU between Central Pattana and Sun Group.

To Lam(โต เลิม)ℹ️

General Secretary of the Communist Party and President of Vietnam who witnessed the signing of the MOU.

Chanawat Uahwatanasakul(ชนวัฒน์ เอื้อวัฒนะสกุล)

Managing Director and CEO of Central Pattana who signed the MOU with Sun Group.

Dang Minh Truong(ดั้ง มิงห์ เจื่อง)

Chairman of Sun Group who signed the MOU with Central Pattana.

Valaya Chirathivat(วัลยา จิราธิวัฒน์)

President of Central Group who was a witness to the MOU signing.

Place

Bangkok(กรุงเทพมหานคร)ℹ️

The city in Thailand where the Thailand-Vietnam Business Forum 2026 and the MOU signing took place.

Vietnam(เวียดนาม)ℹ️

The country where Central Pattana and Sun Group plan to develop retail and mixed-use projects.

Da Nang(ดานัง)ℹ️

A key city in Vietnam where Central Pattana and Sun Group will study opportunities for commercial and lifestyle projects.

Ho Chi Minh City(โฮจิมินห์ซิตี้)ℹ️

A key economic center in Vietnam where Central Pattana and Sun Group will explore retail and mixed-use development.

Phu Quoc(ฟู้โกว๊ก)ℹ️

A Vietnamese island where Central Pattana and Sun Group plan to create a luxury retail and lifestyle destination.