– Central Pattana pursues strategic partnerships in Vietnam to drive regional growth

Central Pattana Plc., Thailand’s leading real estate developer, reinforces its global vision with the signing of a Memorandum of Understanding (MOU) with Sun Group, Vietnam’s leading real estate and tourism developer, to jointly explore opportunities for world-class retail and mixed-use developments in Vietnam. The collaboration reflects Central Pattana’s growing role as a Thai real estate leader expanding its capabilities and strategic partnership network across the region.

The signing ceremony took place during the Thailand–Vietnam Business Forum 2026 in Bangkok, witnessed by Prime Minister of Thailand, Mr. Anutin Charnvirakul, General Secretary and President Tô Lâm, alongside high-level delegates from Vietnam and business leaders from both countries.

Held in celebration of the 50^th anniversary of Thailand–Vietnam diplomatic relations and both nations’ shared ambition to elevate bilateral trade to USD 25 billion under the “Three Connectivity” strategy, the collaboration between Central Pattana and Sun Group marks another significant milestone in advancing investment, urban development, and the next generation of service-driven economies across the two countries.

The MOU was signed by Mr. Chanavat Uahwatanasakul, President & CEO, Central Pattana and Mr. Dang Minh Truong, Chairman of the Board, Sun Group with Ms. Wallaya Chirathivat, President, Central Group together with senior executives from both companies, joining as witnesses to the signing ceremony.

Central Pattana and Central Group have long-standing ties with Vietnam through diversified business operations and continuous investments in the country. The collaboration between Central Pattana and Sun Group therefore marks an important “Regional Strategic Move” that builds on the combined strengths of two leading regional organizations.

Beyond this collaboration, Central Pattana plans to invest USD 2 billion, or approximately THB 66 billion, over the next 15-20 years, while pursuing strategic partnerships to drive long-term regional growth together in the future.

The collaboration also reflects Central Pattana’s “Global Lens” approach to growth, rooted in the belief that Retail-Led Mixed-Use Development is not merely about creating commercial spaces, but about building future economic and lifestyle platforms that seamlessly connect people, cities, tourism, and business opportunities together.

As one of the key growth drivers of Central Group, Central Pattana has extended its vision as Thailand’s No.1 Retail-Led Mixed-Use Development company toward a broader regional role, leveraging its expertise in creating integrated ecosystems that combine shopping centers, office buildings, hotels, and residential developments to sustainably enhance economies, cities, and people’s quality of life.

Central Pattana develops and operates a diversified portfolio of retail and lifestyle destinations across Thailand, including 45 shopping centers, 53 residential projects, 11 office buildings, 13 hotels, and 16 community malls. The company also has extensive experience in developing and managing mixed-use projects nationwide.

Its flagship project, “centralwOrld,” a world-class landmark in the heart of Bangkok, stands as a benchmark for creating destinations that seamlessly integrate Retail, Lifestyle, Entertainment, and Tourism. The project continues to attract visitors from around the world while generating long-term economic impact for the city.

In addition, Central Pattana’s mixed-use developments across Thailand’s high-potential regional cities, including Phuket, Chiang Mai, Korat, Khon Kaen, and Chonburi, have played a significant role in driving economic growth, tourism, and income distribution across the country.

The collaboration between Central Pattana and Sun Group therefore represents not only the coming together of two leading real estate players, but also reflects the growing role of Thailand and Vietnam as future centers of economic growth, investment, and tourism in Southeast Asia.

Both parties will jointly explore opportunities to develop landmark projects in Vietnam’s key economic cities, including:

– Da Nang: The two parties will explore large-scale commercial and shopping complexes along the Han River, envisioned as transformative new lifestyle and experience hubs for the city.

– Ho Chi Minh City: Collaboration will focus on large-scale retail and integrated developments in the Eastern of the city and the emerging new financial center — areas poised to become the city’s key growth corridors.

– Phu Quoc: The partnership will target the development of premium, experience-integrated retail centers, positioning the island not only as a leisure destination but as a world-class shopping paradise.

Under the agreement, both parties will jointly explore and develop premium shopping center and mixed-use projects in Vietnam’s key economic cities and strategic destinations, including Da Nang, Ho Chi Minh City, and Phu Quoc. The developments aim to create large-scale landmark destinations that will set new standards for urban living, retail experiences, and international lifestyle offerings, while supporting Vietnam’s long-term economic and social growth.