Panko Vina Co., Ltd., a 100% South Korean-owned company located in My Phuoc 1 Industrial Park, Ben Cat Ward, Ho Chi Minh City, has been operating in Vietnam for 23 years.
Announcement of Panko Vina’s Cessation of Operations
In a notice sent to employees on December 23, the company cited numerous challenges as the reason for its closure.
“Despite our best efforts to sustain operations, continuing business under current conditions is no longer viable,” the company stated.
After careful consideration, Panko Vina Co., Ltd. has announced that it will cease all production and business activities effective February 1, 2026.
Employees of Panko Vina
The company acknowledged that this decision will impact the lives of all its employees and committed to fulfilling all legal obligations to its workforce.
The company’s labor union is currently gathering employee feedback, particularly regarding the 13th-month salary for 2025, as workers have completed the full year of service.
Over its 23-year tenure in Vietnam, Panko Vina has been recognized for its compliance with local laws and its dedication to employee welfare, earning praise from authorities.
At its peak, the company employed over 8,000 workers and provided well-equipped dormitories featuring community spaces, sports facilities, and entertainment areas. Each room was furnished with amenities akin to a small family home.
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