SZL Expands Workshop Investment near Seaports and Long Thanh Airport

Sonadezi Long Thanh Shareholding Company (HOSE: SZL) recently commenced second-phase construction of its 5.88-ha rental workshop cluster project with 11 standard workshops located in Chau Duc Industrial Park, Ho Chi Minh City.

Sonadezi Long Thanh is actively utilizing its 51.6-ha industrial land at Chau Duc Industrial Park

The second phase of the workshop cluster for lease is being developed on 51.6 ha of land reserved for rental workshops. SZL aims to complete and operate the new cluster by the fourth quarter of 2025, thus bringing total rentable workshops developed and operated by the company to nearly 90.

This is Sonadezi Long Thanh's first project launched in 2025 and marks a strategic step in expanding its rental workshop system, targeting a total of over 200 workshops.

Previously, SZL successfully invested and operated workshop clusters from the first to fifth phases in Long Thanh Industrial Zone, along with the first phase of the factory cluster in Chau Duc Industrial Park. These projects have reported high occupancy rates and positive tenant feedback.

Giant firms like Bosch Vietnam, Zeder, Samtec and Thien Long - Long Thanh have praised SZL’s workshops for their well-planned layouts, modern designs, standardized quality and ability to meet strict technical and manufacturing standards. In addition, SZL offers flexible rental solutions with various sizes, designs, functions and lease terms, catering to diverse investor needs.

In addition to its project execution capabilities, Sonadezi Long Thanh’s major competitive edge lies in its strategic land reserves located in two key industrial and logistics zones in the Southeast region: Dong Nai and Ho Chi Minh City.

Specifically, Long Thanh Industrial Zone (Dong Nai Province) and available land in Chau Duc Industrial Park (Ho Chi Minh City), invested by SZL, are currently top choices for FDI firms due to their favorable locations and long-term development potential.

Both industrial destinations are situated near critical regional and international transport arteries, including Cai Mep - Thi Vai Port, Long Thanh Airport, Bien Hoa - Vung Tau Expressway, Phuoc An Bridge, Ben Luc - Long Thanh Expressway and Ring Road 4, which passes through Ho Chi Minh City, Dong Nai and Tay Ninh.

This prime location allows businesses to optimize logistics costs, reduce transportation time and easily integrate into global supply chains.

Workshops built by Sonadezi Long Thanh have an impressive occupancy rate. To date, 74 workshops have been leased, accounting for 99% of the company’s current inventory. Total FDI capital invested into these workshops has surpassed US$120 million.

In the first quarter of 2025, the demand for rental workshops continued to grow sharply while the supply of ready-built workshops remained insufficient to meet investor needs. Although global tariff challenges are placing pressure on new FDI inflows to Vietnam, Sonadezi Long Thanh is bullish about the growth potential of the rental workshop segment. According to a representative of the company, this product type aligns with flexible, lean investment trends that are adaptable to the currently evolving context.

Looking ahead, SZL will continue to launch new factory clusters. The company is also actively stepping up investment and cooperation in expanding its industrial land bank in strategic areas near interregional expressways, Long Thanh Airport, Cai Mep - Thi Vai Port, Dong Nai Port system and Phuoc An Port, thus creating long-term infrastructure and logistics advantages for investors.

According to its 2025 plan, Sonadezi Long Thanh will launch the sixth phase of the workshop cluster in Long Thanh Industrial Zone, comprising 8 standard workshops while also continuing to construct build-to-suit workshops based on investor orders.

Additionally, the company is accelerating development of the 75-ha Long Phuoc 1 Industrial Cluster in Dong Nai and strengthening partnerships to research and propose new industrial parks in Dong Nai and Lam Dong. These are strategic steps to expand growth capacity and capture future demand for industrial land and factory rentals, especially given the continued positive medium- and long-term outlook for Vietnam's industrial real estate market.

Regarding the investment attraction strategy, SZL aims to focus on developing expansion projects and upgrading supply chains for existing customers in its industrial parks. At the same time, the company will selectively choose new projects and prioritize investors with diversified export strategies, stable supply chains and transparent operations, contributing to the quality and sustainability of FDI flows into localities.

By Thanh Tung, Vietnam Business Forum