The memorandum was signed by Chanavat Uahwatanasakul, centre left, chief executive of CPN, Dang Minh Truong, centre right, board chairman of Sun Group, and Wallaya Chirathivat, second from left, president of Central Group.
Central Pattana Plc (CPN), a large Thai real estate developer, has signed a memorandum of understanding with Sun Group, a Vietnamese real estate and tourism developer, to jointly explore opportunities for world-class retail and mixed-use developments in Vietnam.
The signing ceremony took place during the Thailand-Vietnam Business Forum 2026 in Bangkok, with Prime Minister Anutin Charnvirakul and General Secretary Tô Lâm of the National Congress of Vietnam in attendance, alongside delegates from Vietnam and business leaders from both countries.
CPN and Central Group have long-standing ties with Vietnam through diversified business operations and continuous investments in the country.
The collaboration between CPN and Sun Group marks a "regional strategic move" that builds on the combined strengths of two leading regional organisations and reflects the growing role of Thailand and Vietnam as future centres of economic growth, investment and tourism in Southeast Asia, according to a statement.
