Brookland Group makes first investment in Vietnam s Miza Corporation
Dubai and Singapore based investment firm completes the first tranche of a staged position worth up to 5 million in a recycled packaging producer as Vietnam s FTSE upgrade widens its foreign investor base
On October 21, Brookland Group & Partners Limited, an international investment firm, completed its first investment in Miza Corporation, a Vietnamese company that produces recycled packaging materials. The investment is the first stage of a structured equity arrangement that could reach up to $5 million, with no new shares being issued.
Instead, Brookland acquired shares from an existing Miza shareholder, with the intention of increasing its stake over time as agreed. Brookland's managing partner, John Hall, stated that Vietnam's manufacturing sector is an area deserving of attention for international investors. He also emphasized a long-term commitment to the company, built upon a 15-year history of turning recycled materials into packaging solutions integral to Vietnam's supply chains.
The move follows the recent reclassification of Vietnam from a frontier to secondary emerging market by FTSE Russell, a move that opened the door for eligible Vietnamese stocks to be incorporated into global emerging market indices. The country is seeking significant private and foreign investment, with an estimated $1.49 trillion needed from 2026 to 2030.
Vietnam's paper consumption rose by 10.8% in 2025 to an estimated 7.77 million tonnes, surpassing domestic production of approximately 6.34 million tonnes. The demand for recycled packaging is increasing, as stricter environmental regulations are being implemented in Vietnam and the EU. Miza Corporation, founded in 2010, specializes in transforming waste paper into various types of industrial packaging materials, including kraft, testliner, fluting medium, and duplex paper.
The company's main production facility is located in Nghi Son, Thanh Hoa province, where it operates lines for recycled pulp and packaging paper. Miza's management anticipates that the new PM5 paper machine will contribute to additional output in 2026. The company's 2025 net profit after tax increased by over 63% to approximately $4.5 million, with revenue reaching around $185 million.
In the first half of 2026, the net profit after tax grew by 74.9% to about $3.2 million, and shareholders approved a 2026 profit target of around $7.7 million. Earlier in October 2025, Miza completed a 10% stock dividend and approved a plan to issue additional shares at a 10:3 ratio, aiming to enhance its equity and strengthen its financial foundation.
The company is in the final stages of negotiating a private placement of 30 million shares with an institutional investor, with an anticipated price above the current market rate. These strategic moves, coupled with international capital participation, position Miza to lay the groundwork for a new growth cycle beginning in 2027.
Additionally, Maybank Investment Bank supported a significant green bond issuance in Vietnam's paper manufacturing sector, signaling a new era for sustainable finance in the country's market.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
