Sonadezi Long Thanh: 20 Years of Impressive Growth

In 2023, Sonadezi Long Thanh Joint Stock Company will celebrate its 20th anniversary (2003-2023). This meaningful journey has created and affirmed the prestige and brand of Sonadezi Long Thanh in the market. In that journey, the company has marked its success with Long Thanh Industrial Zone, always one of the best performers in Dong Nai province.

Sonadezi Long Thanh Joint Stock Company was established on August 18, 2003 by strategic shareholders, including Bien Hoa Industrial Park Development Company (currently Sonadezi Corporation), the largest shareholder and an experienced expert in industrial park investment and development in Dong Nai province. At present, Sonadezi Corporation is operating 11 industrial parks in southern Vietnam with over 700 investment projects from many different countries. This impressive figure partly shows the prestige of a leading developer of industrial real estate in Vietnam. This is also one of the important factors that make Long Thanh Industrial Park a prominent investment destination.

Another appeal of Long Thanh Industrial Zone is its prime location. It is near Ho Chi Minh City and Bien Hoa City - two key big cities in the south with an abundant supply of skilled technical workers or management personnel at all levels. In addition, it is only about 3km from Ho Chi Minh City-Long Thanh-Dau Giay Expressway, about 45km from Cai Mep-Thi Vai Port and 11km Long Thanh International Airport (expected to come into operation in 2025). This well-invested traffic system helps investors reduce costs and time in transporting inputs and outputs.

In addition to the geo-strategic position in its technical infrastructure development policy, the advantage of Long Thanh Industrial Zone also comes from the complete technical infrastructure system, the available land fund and available, competitive factories for lease. External infrastructure is also completed with electricity, water, wastewater treatment, telecom and education to effectively meet all the needs of investors.

The main products of Long Thanh Industrial Zone are industrial land, warehouses, and ready-built workshops for rent with two area options: Factory with office (2,400 square meters) and factory without office (2,160 square meters). When hiring a ready-built factory in Long Thanh Industrial Zone, tenants will be able to fully use the separate land area with a total area of about 5,300 square meters, equipped with ready-to-use utilities such as offices, parking lots, toilets, underground water tanks and hydrants. This is a rare model of the ready-built factory for rent in Dong Nai province as well as neighboring localities. Moreover, the rental price of land and factories is also very competitive, with a flexible payment mode plus attractive tax incentives (2-year corporate income tax exemption and 50% CIT reduction in the next four years). This provides the most favorable conditions for investors when they carry out their projects.

By integrating its advantages, including a prime location, modern planning, synchronous investment infrastructure, convenient traffic connection, flexible product design and professional and enthusiastic staff, as soon as it came into operation, Long Thanh Industrial Zone caught the interest and cooperation of many domestic and foreign investors from South Korea, Japan, the United States, France and Taiwan. By December 2022, Long Thanh Industrial Zone attracted 127 projects with more than US$1.165 billion of investment capital and rented 290.19ha of land, sending the occupancy rate to 93.9%. Its tenants have helped increase budget revenue, import-export value of Long Thanh district in particular and Dong Nai province in general, as well as create jobs for 10,000 workers in the region.

Sharing about the upcoming development direction, Mr. Pham Anh Tuan, General Director of Sonadezi Long Thanh Joint Stock Company, said: Although the occupancy rate of the industrial zone has reached 93.9%, Sonadezi Long Thanh will continue to support and take care of customers by investing in upgrading infrastructure and increasing utilities and services, especially promoting the rental service of ready-built factories with flexible areas for customers’ needs. This product helps investors save time and cut costs to build a factory and helps them start manufacturing as soon as they are licensed.

The demand for land and ready-built factories by FDI investors is forecast to be high in the coming time. Anticipating this opportunity, Vietnam in general and Dong Nai province in particular are also actively strengthening the industrial land fund and expanding existing industrial parks to attract world-class investors.

“To meet the demand for renting land and factories from new investors seeking to enter Vietnam, Sonadezi Long Thanh has already prepared industrial factories for lease in Long Thanh Industrial Zone, Chau Duc Industrial Zone (Ba Ria-Vung Tau province) and Long Phuoc 1 Industrial Park, thus helping investors reduce start-up time and quickly put their projects into operation at the least cost but with an optimized profit,” Mr. Tuan emphasized.

Source: Vietnam Business Forum