Sonadezi Long Thanh Offers Over 100 Ha of Factories for Rent

FDI flows into Vietnam have been accelerating since the beginning of 2022, following the growth momentum in 2021. According to the Ministry of Planning and Investment, in January 2022, Vietnam attracted more than US$2.1 billion, up 4.2% year on year. The demand for land and industrial factories by tenants is also increasing and diversified to serve flexible investment strategies after the COVID-19 pandemic.

SZL industrial factories for rent meet the diverse needs of customers

Mr. Tran Anh Tuan, Sales and Marketing Director of Sonadezi Long Thanh Joint Stock Company (SZL), said customers' demand for land and industrial factories has changed. During working sessions with SZL from late 2021, many customers from the United States, the United Kingdom (UK), France, Canada and some Asian countries said that they need to rent large factories ranging from 5,000 square meters to 10,000 square meters and even more. Besides companies are seeking to hire small and medium-sized workshops, some potential and experienced customers want to hire larger facilities to expand operations to seek long-term investment opportunities business in Vietnam.

Meeting diverse needs of investors

SZL said that, in addition to industrial land for lease, it is developing factories for lease with a variety of adaptable designs by type, area and function, always aimed to save costs and increase convenience for customers. In addition to factories covering 2,000 - 3,000 square meters, the company has completed arranging the land fund to meet customers’ demand for renting large-area factories. Previously, in October 2021, SZL started constructing a factory of 9,000 square meters and another one of over 10,000 square meters in the second quarter of 2022 for a customer in Long Thanh Industrial Park.

SZL twin factories in Long Thanh Industrial Park

Currently, SZL has many rentable factories in Long Thanh Industrial Park and Chau Duc Industrial Park, capable of meeting all diverse needs of investors at reasonable rentals as compared to those in the region and built on the principle that rentals are beneficial to investors with respect to cost and investment efficiency. At the same time, the company continues deploying factory clusters in the fourth and fifth phases of Long Thanh Industrial Park, and factory clusters in phase 2 of Chau Duc Industrial Park for customers in the coming time.

According to ongoing developments in the industrial property market, factory products are catching the high attention of investors, especially when FDI flows are actively rolling into Vietnam. However, the land fund for industrial zones and factories ready for lease is gradually shrinking, especially in favored localities like Ho Chi Minh City, Dong Nai and Ba Ria - Vung Tau. With 80 ha of land for factory development for lease in Dong Nai and Ba Ria - Vung Tau, SZL is holding a great advantage in attracting FDI flows.

Advantages from the well-located land fund

According to investors, owning a strategically located industrial land fund is a great advantage of SZL. Specifically, 488 ha Long Thanh Industrial Park in Long Thanh district, Dong Nai province is one of a few industrial zones in the Southeast that holds a strategic position in the regional infrastructure development plan. This industrial park is located on key intersections of waterways, roads and sea routes, especially only 11 km from blueprint Long Thanh International Airport, next to National Highway 51 and 3 km from Ho Chi Minh City - Long Thanh - Dau Giay Expressway.

SZL is stepping up investment in many factories for lease in Chau Duc Industrial Park

With a strategic location in the southern key economic zone, Long Thanh district of Dong Nai province is being heavily invested to quickly become a modern airport city where industry, service, trade and logistics will be robustly developed. Currently, Dong Nai is also accelerating investment in building ports adjacent to industrial zones such as Phuoc An Port (costing VND17,000 billion in Nhon Trach district), expanding Go Dau Port (Long Thanh district) and Long Binh Tan Port (Bien Hoa City) for industrial development and freight transport for industrial zones. Located in this vibrant economic zone, Long Thanh Industrial Park and its tenants benefit greatly from regional development potential, quickly developing infrastructure and convenient traffic connections.

Mr. Pham Anh Tuan, General Director of Sonadezi Long Thanh, said that at present, Long Thanh district is a large attractive area in Dong Nai province. Besides Long Thanh International Airport expected to be put into operation in 2025, the Government and Dong Nai province are urgently implementing other key projects linked to a synchronous transport network of the southern key economic zone, all connected to the blueprint airport. In the near future, freight and material transportation between Dong Nai province and the Southwest, the Southeast, the Central Highlands and the Central Coast will be very convenient and the travel time will be 30% of the previous time.

To develop the industrial land fund in convenient locations to optimize investment efficiency for customers, SZL has invested and subleased industrial land in Chau Duc Industrial Park (Chau Duc district, Ba Ria - Vung Tau province), a well-located industrial park adjacent to National Highway 56, about 13 km from National Highway 51, about 16 - 19 km from Thi Vai-Cai Mep Port and 54 km from Long Thanh International Airport. Therefore, investors benefit greatly in transport connectivity, with lower cost and time of freight transportation.

More than 120 FDI companies trust SZL

Currently, the industrial land fund of SZL has full and synchronous infrastructure. The factory system in Dong Nai and Ba Ria - Vung Tau provinces is ready to accommodate investors who need to carry out their projects immediately.

Brand reputation, competitive products, and environmentally friendly operation are outstanding advantages of SZL. Established in 2003 as a member of Sonadezi Corporation, a leading developer of industrial parks in Vietnam, SZL has 19 years of experience in industrial park development and 14 years of factory development for rent. SZL's industrial factories are favored by Bosch, Olympus, Ajinomoto, Acrowel, Samil Vina and hundreds of other investors from South Korea, Japan, the United States, Australia, France, Denmark and Switzerland.

By the end of 2021, SZL attracted more than 120 projects with nearly US$1.2 billion of registered investment capital in Long Thanh and Chau Duc industrial parks. 54 factories have been leased with about US$60 million of investment. Long Thanh Industrial Park has reached an occupancy rate of 92.1%.

By Vietnam Business Forum