Financial Investment
Tiếng ViệtFiinGroup advises Norfund on its USD 4 million investment in Circular Plastics Company to scale industrial PET recycling in Vietnam
FiinGroup is pleased to announce that its client, Norfund, the Norwegian Investment Fund for Developing Countries, completed a USD 4 million equity investment in Circular Plastics Company (CPC), one of the leading rPET flake and food-grade rPET pellet manufacturers in Vietnam, on 11 February 2026
FiinGroup acted as the exclusive commercial due diligence advisor to Norfund on the transaction.
CPC launched its first recycling operations in Southeast Asia in 2019. Since 2023, the Company has been establishing presence in Vietnam. Its first recycling plant in southern Vietnam has an annual capacity of 31,000 metric tons of recycled PET flakes and 14,000 metric tons of food‑grade rPET pellets to serve the domestic Vietnamese market and export to European markets.
The investment above will finance capital expenditure and working capital for CPC’s recycling plant outside Ho Chi Minh City. Demand for recycled PET is rising rapidly as manufacturers seek to cut emissions and increase the share of recycled content in their products.
For Norfund, the investment represents a strategic commitment to backing commercially viable recycling platforms with long-term growth potential. By scaling industrial rPET production, the partnership contributes to job creation, significant reductions in plastic pollution, lower carbon emissions and supply high‑quality recycled materials to international and domestic markets.
Mr. Le Xuan Dong, Managing Director of FiinGroup’s Market Research & Advisory, commented:
“We are delighted to have supported Norfund on this investment in CPC. This transaction highlights FiinGroup’s in-depth PET recycling sector expertise in conducting comprehensive and complex commercial due diligence. We look forward to continuing our collaboration with both the Norfund and CPC teams to support CPC’s next stage of growth on their journey to expand food grade plastic recycling business in Vietnam”
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About Norfund
Norfund is the Norwegian Investment Fund for Developing Countries. Owned and funded by the Norwegian Government, it is Norway's most important tool for strengthening the private sector in developing countries and reducing poverty. Norfund's committed portfolio amounts to USD 3.8 billion, with a focus on sustainable growth and environmental impact.
About Circular Plastics Company (CPC)
Circular Plastics Company (CPC) is a leading PET recycling firm established to support the circular economy in Southeast Asia. Since expanding into Vietnam in 2023, CPC has focused on industrial-scale production of food-grade rPET, helping manufacturers reduce their environmental footprint by increasing recycled content in their products.
About FiinGroup and its Market Research & Advisory Services
FiinGroup is a reputable Vietnam-based provider of analytics, data technology, market research, and consulting solutions, supporting sophisticated clients in entering and expanding their businesses in Vietnam.
Our Market Research & Advisory Division provides independent, data-driven advisory services. We specialize in due diligence, market and economic analysis, and strategy and transaction advisory services, supporting strategic decision-making, regulatory compliance, and transaction-related assessments
Explore our M&A advisory services HERE
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