Kizuna
Kizuna JV operates Vietnam's first ready-built, serviced factory park network across ~27 hectares near Ho Chi Minh City, leasing fully outfitted factory and warehouse units bundled with 50+ support services to Japanese, Korean, and other FDI manufacturers plus domestic SMEs.
- Company typePrivate
- Founded2019
- HeadquartersTân An, Vietnam
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Kizuna does
Kizuna JV (Công ty cổ phần KIZUNA JV) operates a ready-built, serviced industrial factory and warehouse leasing business in Vietnam. Its physical footprint consists of four factory zones — Kizuna 1, Kizuna 2, Kizuna 3, and the Kizuna 3 Extension — plus a multi-story "Kizuna Space / Ready Serviced Space" format, totaling approximately 27 hectares of land, roughly 300,000 m² of built space, and ~170 factory units with floor areas ranging from 250 m² to 80,000 m². Each facility is delivered with integrated utilities (dual EVN grid feeds plus solar backup), goods elevators, sprinkler fire suppression, natural ventilation architecture, and shared infrastructure supporting production from day one of lease commencement. The core offering bundles 50+ support services — legal, accounting, recruitment, logistics, IT infrastructure, environmental management, business center, canteen, and 24/7 security — into the lease contract, managed by a multilingual (Japanese, Korean, English, Chinese, Vietnamese) professional staff.
Kizuna's primary customers are foreign direct investment manufacturers — concentrated in Japanese and Korean companies but expanding to American, German, and European firms via chamber-of-commerce channels — together with domestic Vietnamese SMEs and startups. Pricing is quoted per square meter per month (3.8–6.3 USD/m²/month for garment/manufacturing units), with multi-year (10+) discounts of 0.1–0.2 USD/m², positioning Kizuna as a cost-effective alternative to HCMC inner-city factories. Go-to-market is direct, enterprise sales through the multilingual website (kizuna.vn), factory tours, and referral partnerships with JBAV, KOCHAM, AMCHAM, EUROCHAM, GBA, KITECH, KIP, IDEC Yokohama, and GEONGBUK. Named tenants include Ricoh Vietnam, Coasia Itswell Vina (which preserved an estimated 88 billion VND in capital by leasing instead of self-building), Airspeed Vietnam, Semitec Electronics Vietnam (since 2014), and most recently Tokachi Foods Vietnam (lease signed November 2025).
Revenue is generated almost exclusively through recurring monthly/annual factory and warehouse lease payments on subscription-style contracts (subscription_recurring), with no product resale, transactional, or marketplace component disclosed. There are no disclosed funding rounds, no parent company, and no public listing, indicating an operationally funded private joint-stock company. Day-to-day operations are located in Tân Kim Industrial Zone, Cần Giuộc District, with the company also referencing a Tây Ninh registered address; both provinces are adjacent to Ho Chi Minh City. The company is led by Founder and General Director Doan Dung, with an employee count in the 101–250 range.
Kizuna firmographics
Firmographics- Name
- Kizuna
- Legal name
- Công ty cổ phần KIZUNA JV
- Website
- https://kizuna.vn
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Kizuna JV operates Vietnam's first ready-built, serviced factory park network across ~27 hectares near Ho Chi Minh City, leasing fully outfitted factory and warehouse units bundled with 50+ support services to Japanese, Korean, and other FDI manufacturers plus domestic SMEs.
- Ownership category
- akta.pro rank
Kizuna industry classification
Industry- Product category
- Industrial Real Estate / Serviced Factory Leasing
- NAICS
- Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Rental and Leasing Services (532), Other Commercial and Industrial Machinery and Equipment Rental and Leasing (532490)
- SIC
- Services-Miscellaneous Equipment Rental & Leasing (7350), Services-Equipment Rental & Leasing, Nec (7359), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Site Services & Temporary Infrastructure Rental/Leasing (Portable Toilets, Fencing, Storage Containers) (TLABAFAH)
Keywords
Where Kizuna is headquartered
LocationHeadquarters
- HQ city
- Tân An
- HQ country
- Vietnam
- HQ region
- Asia
Offices2 records
Markets served
Kizuna business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Factory and Warehouse Leasing: Kizuna leases ready-built, serviced factory units and warehouses to manufacturing companies. Revenue is generated from monthly/annual rental payments. Lease terms typically range from 1 to over 10 years. Tenants pay per square meter of factory space leased, with pricing varying by zone (Kizuna 1, 2, 3, and Kizuna Space multi-story). The model includes utility charges and service fees bundled into the rental package.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Manufacturing/garment factory lease: 3.8–6.3 USD/m²/month |
| Unit Pricing | Multi-year contract | General warehouse/industrial lease pricing comparable to HCMC area rates |
| Hybrid | Annual | Service support fees included in factory lease |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Kizuna product offering
Product offeringCore offering
Kizuna leases ready-built, serviced factory and warehouse units to manufacturing companies in Vietnam, with floor areas from 250 m² to 80,000 m² across four zones (Kizuna 1, 2, 3, and Kizuna 3 Extension) and a multi-story factory complex called Kizuna Space. Tenants receive pre-installed utilities (dual EVN power feeds plus solar backup), sprinkler fire protection, freight elevators, and natural ventilation, plus a bundled ecosystem of 50+ support services covering legal, accounting, recruitment, logistics, IT, and environmental management.
Product overview
Kizuna operates as Vietnam's first serviced ready-built factory park, providing a comprehensive ecosystem of industrial real estate and support services. The portfolio consists of four main factory zones: Kizuna 1 (28,540m2), Kizuna 2 (43,900m2), Kizuna 3 (50,000m2), and Kizuna 3 Extension, all located in Tan Kim Industrial Zone, Can Gio District, Tay Ninh Province. Additionally, Kizuna Space (Ready Serviced Space) offers a multi-story factory model with 80,000m2 across 44 units. The company provides over 50 support services including legal assistance, accounting, recruitment, logistics, IT infrastructure setup, business center access, and 24/7 three-layer security. Factory rental areas range from 250m2 to 80,000m2, with floor loading capacities from 370kg to 3,000kg per m2.
Differentiator
Problem solved
Functional benefit
Products and services
- Khu nhà xưởng dịch vụ KIZUNA 1 (Kizuna 1 Serviced Factory Zone)
Quantifiable outcome
- Coasia Itswell Vina saved 12 quarters and preserved 88 billion VND in investment capital by choosing Kizuna JV
- +3 more outcomes
Companies that use Kizuna
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Kizuna technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Kizuna partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor.
- Korea Institute of Industrial Technology (KITECH)minorKizuna partners with KITECH to support Korean manufacturers in establishing operations in Vietnam. The partnership provides Korean companies with facilitated access to Kizuna's ready-serviced factory infrastructure.
- The Japan Business Association in Vietnam (JBAV)minorKizuna works with the Japan Business Association in Vietnam to connect with Japanese companies seeking factory space in Vietnam, leveraging the association's network and credibility among Japanese investors.
- German Business Association in VietnamminorPartnership with the German Business Association (GBA) to reach German manufacturing companies interested in Vietnam as a production base.
- KOCHAM (Korean Chamber of Commerce in Vietnam)minorKizuna partners with KOCHAM to facilitate Korean companies' entry into Vietnam through referrals and introductions to Kizuna's factory leasing services.
- AMCHAM (American Chamber of Commerce in Vietnam)minorPartnership with AMCHAM to reach American companies exploring Vietnam for manufacturing operations.
- EUROCHAM (European Chamber of Commerce in Vietnam)minorPartnership with EUROCHAM to facilitate European business connections and referrals to Kizuna's factory leasing services.
- KIP (Korea Industrial Partners / Korea Institute for Industrial Economics & Trade)minorPartnership with Korean industrial association to support Korean manufacturers in Vietnam.
- GEONGBUK (Gyeongbuk Province, South Korea)minorRegional economic cooperation partnership supporting companies from Gyeongbuk Province in establishing Vietnam operations at Kizuna.
- IDEC YOKOHAMAminorPartnership with IDEC Yokohama for industrial development and knowledge sharing in factory/industrial park operations.
- SBG (Saigon BGP / Sah/group)minorStrategic partner listed on Kizuna's partner page, relationship details not specified.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Kizuna competitors and assessment
Company assessmentBroad incumbents
- Viglacera: State-owned industrial park developer in Vietnam operating large-scale industrial zones with factory leasing. Comparable as an incumbent in the Vietnamese industrial real estate market serving FDI manufacturers.
- Sonadezi: Vietnamese state-owned industrial real estate developer with multiple industrial parks (Dong Nai, Ba Ria-Vung Tau). Comparable as a developer of industrial land and factory space for manufacturing tenants in Vietnam.
- Sembcorp Industries (Vietnam): Singapore-based industrial park and utilities operator with Vietnam operations through VSIP joint venture. Comparable as a large-scale industrial real estate developer serving multinational manufacturers across Vietnam.
- Frasers Property Vietnam: Singapore-listed industrial real estate developer with factories, warehouses, and business parks in southern Vietnam. Comparable as a foreign-invested industrial real estate competitor targeting FDI manufacturers.
- Mapletree Vietnam: Singapore-based industrial real estate player with logistics and industrial parks in Vietnam. Comparable as a foreign-backed competitor offering factory and warehouse space to multinational manufacturers in Vietnam.
- Becamex IDC: Vietnam's largest industrial park developer (Binh Duong) with industrial real estate, factories, and serviced infrastructure for FDI. Comparable to Kizuna as a major developer of industrial land and factory space for foreign manufacturers.
- Saigon VRG Investment & Industrial Zone Corporation: Vietnamese industrial real estate company developing industrial parks with factory and warehouse leasing. Comparable as a domestic developer offering industrial space to manufacturers.
- Mitsubishi Estate (Vietnam): Japanese real estate developer with industrial and logistics developments across Asia. Comparable as a foreign capital-backed competitor potentially entering the Vietnam serviced factory market, particularly serving Japanese FDI tenants.
Direct peers
- BW Industrial Development: Vietnam-focused industrial and ready-built factory developer backed by Warburg Pincus. Directly comparable to Kizuna in leasing pre-built factories to FDI manufacturers in Vietnam, including Japanese and Korean tenants.
- Amata Vietnam: Thailand-based industrial estate developer with a major presence in Vietnam (Amata City Bien Hoa, Amata City Ha Long). Directly comparable to Kizuna in providing industrial land and ready-built factories to FDI manufacturers in Vietnam.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Kizuna social profiles
Digital presenceKizuna financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kizuna leadership team
Management profileNumber of profiles
Profiles1 record
Kizuna funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kizuna M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kizuna
What does Kizuna do?
Kizuna leases ready-built, serviced factory and warehouse units to manufacturing companies in Vietnam, with floor areas from 250 m² to 80,000 m² across four zones (Kizuna 1, 2, 3, and Kizuna 3 Extension) and a multi-story factory complex called Kizuna Space. Tenants receive pre-installed utilities (dual EVN power feeds plus solar backup), sprinkler fire protection, freight elevators, and natural ventilation, plus a bundled ecosystem of 50+ support services covering legal, accounting, recruitment, logistics, IT, and environmental management.
Is Kizuna a public or private company?
Kizuna is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Kizuna founded?
Kizuna was founded in 2019. It employs 101 to 250 people.
Where is Kizuna based?
Kizuna is headquartered in Tân An, Vietnam, in the Asia region.
How does Kizuna make money?
One revenue line is on record: factory and Warehouse Leasing.
Who are Kizuna's main competitors?
Broad incumbents on record are Viglacera, Sonadezi, Sembcorp Industries (Vietnam), Frasers Property Vietnam, Mapletree Vietnam, Becamex IDC, Saigon VRG Investment & Industrial Zone Corporation and Mitsubishi Estate (Vietnam). Direct peers are BW Industrial Development and Amata Vietnam.
Does Kizuna have an API?
No public API is recorded for Kizuna.
What industry is Kizuna in?
Kizuna's product category is Industrial Real Estate / Serviced Factory Leasing. Its primary akta.pro industry code is TLABAFAH, Site Services & Temporary Infrastructure Rental/Leasing (Portable Toilets, Fencing, Storage Containers). Its NAICS code is 5324 and its SIC code is 7350.