Deep C

What Deep C does

Deep C Industrial Zones is a Belgian-founded industrial park developer, established in 1997 through a partnership involving Rent-A-Port, AIG, the Belgian Government, and the Hai Phong People's Committee to develop the Dinh Vu Industrial Zone in Northern Vietnam. The company rebranded from Dinh Vu Industrial Zone to DEEP C Industrial Zones in 2015 and today operates five wholly-owned parks (DEEP C Hai Phong 1-3 and DEEP C Quang Ninh 1-2) spanning roughly 3,400 hectares across Hai Phong City and Quang Ninh Province, with on-site infrastructure that includes service complexes, an underground power distribution network, an ISO-certified wastewater treatment plant, and a 20,000 DWT liquid jetty. Deep C positions itself as the pioneer of the eco-industrial park concept in Vietnam, having joined the UNIDO/Ministry of Finance Eco-Industrial Park program in 2020 and inaugurated a LEED-Gold certified Service & Office Complex in 2024, with on-site wind and solar generation and a DEEP C Farm agricultural initiative integrated into the park ecosystem.

The product portfolio centers on three revenue streams: (1) long-term industrial land leases to foreign direct investors, (2) ready-built factory and warehouse rentals for immediate occupancy, and (3) infrastructure and utility services covering power, water, wastewater, and liquid jetty operations. Customer segments are heavily skewed toward multinational manufacturers in automotive, electronics, semiconductor (USI, Core5), renewable energy components (Flat Glass Group, GE, Polarium), chemicals and petrochemicals (Chevron, Shin Etsu, Idemitsu), and logistics (Yusen Logistics, Nippon Express, SITC), with anchor tenants including Foxconn, Pegatron, Bridgestone, and Baosteel. The go-to-market is direct enterprise field sales targeting FDI site selectors, supported by one-stop licensing, legal, and operational services, and amplified through a content-heavy website, CEO-led podcast presence, and annual community events such as the DEEP C Cup tenant football tournament.

The business model is asset-heavy industrial real estate: disclosed annual revenue was approximately USD 147.83 million with a PBT margin near 20%, an ROE of 12.85%, and a staff headcount in the 251-500 range. Cumulative metrics include around 1,997 clients served since founding, 180+ companies currently operating inside the zones, and roughly USD 8.5 billion in tenant investment capital attracted. Sales motion is direct enterprise outreach to FDI prospects, pricing is bespoke per tenant and not publicly disclosed, and differentiation rests on Free Trade Zone positioning (10% CIT for 30 years, 4-year exemption for tenants at Hai Phong 2 and 3), direct port and airport connectivity, and a recognized sustainability and ESG profile.

Name

Deep C

Legal name

DEEP C Industrial Zones

Website

https://deepc.vn

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Belgian industrial zone developer operating five eco-industrial parks across 3,400 hectares in Hai Phong and Quang Ninh, Vietnam. Leases land, ready-built factories, and infrastructure services to foreign investors in automotive, electronics, semiconductor, and renewable energy sectors.

Ownership category

akta.pro rank

Product category

Industrial Real Estate

NAICS

Industrial Building Construction (23621), Management of Companies and Enterprises (55111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Industrial land leasing
• Eco-industrial parks
• Ready-built warehouses
• Industrial infrastructure services
• FDI industrial real estate

Headquarters

HQ city

Hai Phong

HQ country

Vietnam

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Industrial Land Leasing: DEEP C generates primary revenue through leasing industrial land to manufacturing companies. Land lease contracts are long-term arrangements with foreign direct investors establishing operations in Vietnam.
2. Ready-built Factory and Warehouse Rental: Move-in ready factory and warehouse facilities available for immediate occupancy by manufacturing and logistics companies.
3. Infrastructure Services: Utilities and infrastructure services including power distribution, water supply, wastewater treatment, and liquid jetty services.
4. Service Complex Facilities: Office spaces and service complexes within industrial zones providing additional recurring revenue streams.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

DEEP C develops, leases, and manages eco-industrial parks across Hai Phong and Quang Ninh in Northern Vietnam, offering industrial land for long-term lease, ready-built factories and warehouses, and shared infrastructure services (power, water/wastewater, liquid jetties, service complexes). The company targets global manufacturers and foreign direct investors across automotive, electronics, semiconductors, renewable energy, chemicals, and general manufacturing sectors.

Product overview

DEEP C Industrial Zones is a Belgian industrial park developer offering a comprehensive ecosystem of industrial real estate products. The portfolio comprises five industrial parks (DEEP C Hai Phong 1-3 and DEEP C Quang Ninh 1-2) spanning 3,400 hectares across Hai Phong City and Quang Ninh Province. Core offerings include industrial land for lease, ready-built factories and warehouses, and infrastructure services (power facilities, water/wastewater treatment, liquid jetties, service complexes). DEEP C positions itself as an eco-industrial park pioneer, aiming to become Vietnam's first fully certified eco-industrial park. The company targets global manufacturers and FDI investors in sectors including automotive, electronics, semiconductor, renewable energy components, chemical/petrochemical, and general manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Land for Lease Prime industrial land plots available for long-term lease across five industrial parks in Hai Phong and Quang Ninh provinces (DEEP C Hai Phong 1-3 and DEEP C Quang Ninh 1-2), covering 3,400 hectares and designed for sustainable industrial development by global manufacturers and FDI investors.
• Ready-built Factories & Warehouses Move-in ready, high-quality factories and warehouses tailored to manufacturing and logistics needs, available for lease within the DEEP C industrial zones for immediate occupancy.
• Infrastructure Services Shared industrial infrastructure comprising Service Complexes (LEED-Gold certified offices), Power Facilities (underground distribution network), Water & Wastewater Facilities (ISO-certified treatment plant), and Liquid Jetties (20,000 DWT) provided to tenants of the industrial parks.

Quantifiable outcome

• 180+ companies from multiple industries operating within DEEP C zones
• +6 more outcomes

Named customers33 records

Segments8 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered major, core and minor.

• UNIDO (United Nations Industrial Development Organization)majorStrategic or Co-development Partner · 1 January 2020Collaborative partnership for Eco-Industrial Park program, with DEEP C Hai Phong 1 selected as pilot project for sustainable industrial development in Vietnam.
• Ministry of Finance VietnammajorStrategic or Co-development Partner · 1 January 2020Government partner for Eco-Industrial Park program implementation in Vietnam.
• Rent-A-Port (Belgium)coreStrategic or Co-development Partner · 1 January 1997Founding Belgian investor partner through strategic collaboration to develop Dinh Vu Industrial Zone (DEEP C Hai Phong 1). This partnership established the foundation for DEEP C's operations in Vietnam.
• Hai Phong People's CommitteecoreStrategic or Co-development Partner · 1 January 1997Government partnership for industrial zone development, providing regulatory support and land allocation for DEEP C's inaugural project in Vietnam.
• Belgian GovernmentcoreStrategic or Co-development Partner · 1 January 1997Government backer supporting the initial establishment of Dinh Vu Industrial Zone through AIG and DEEP C Holdings collaboration.
• EuroCham VietnammajorStrategic or Co-development PartnerCEO Bruno Jaspaert serves as Chairman of EuroCham Vietnam, facilitating European business connections and investment promotion.
• Ras Al Khaimah Economic Zone (RAKEZ)minorStrategic or Co-development PartnerCEO Bruno Jaspaert serves as Non-Executive Director at RAKEZ in UAE, demonstrating cross-border industrial zone expertise.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Regional players

• RAKEZ (Ras Al Khaimah Economic Zone): UAE-based economic zone operator providing industrial land, warehouses, and licensing services to FDI investors. Strong comparable given that DEEP C's CEO Bruno Jaspaert sits on RAKEZ's board—same business model in a different geography, with similar focus on tax-advantaged free zone positioning.

Broad incumbents

• Sembcorp Industries: Singapore-listed conglomerate that controls VSIP and operates broader sustainable urban and industrial development across Asia. Comparable eco-industrial park strategy and FDI targeting, but at much larger scale and with diversified energy/utilities exposure.
• CapitaLand (Ascendas) Industrial: Asia-focused industrial and business park operator (formerly Ascendas-Singbridge) with parks in Vietnam, Singapore, China, and India. Comparable FDI-oriented business park model but at much larger scale and as part of a diversified real estate platform.
• Mapletree Industrial Trust: Singapore REIT focused on industrial properties across Asia including data centers, flatted factories, and business parks. Comparable asset class (income-producing industrial real estate) though structured as a yield vehicle rather than a developer.
• Frasers Property: Singapore-listed real estate group with a significant industrial and logistics portfolio across Southeast Asia. Comparable industrial park and built-to-suit offerings, with a broader commercial and residential portfolio.

Direct peers

• Sonadezi: State-owned industrial zone developer operating parks in Dong Nai and across Vietnam, with similar land lease, ready-built factory, and infrastructure service offerings. Direct competitor for both domestic and FDI manufacturing tenants.
• Vietnam Singapore Industrial Park (VSIP): Joint venture between Vietnamese and Singaporean state-linked developers operating multiple industrial parks across Vietnam. Direct competitor for FDI tenants in Hai Phong, Binh Duong, and other Northern/Southern locations with comparable ready-built factory and infrastructure offerings.
• Kizuna: Japanese-backed industrial park developer in Vietnam focused on ready-built factories for Japanese SMEs in the same Hai Phong / Long An corridors. Competes for the same Japanese manufacturing tenant base that DEEP C cites (e.g., Nakashima, Tesa).
• Long Hau Corporation: Vietnamese industrial park developer in Long An province offering ready-built factories and land leases targeted at SMEs and FDI manufacturers. Comparable product mix and tenant focus to DEEP C's ready-built factory line.
• Amata Corporation: Thailand-based industrial estate developer operating Amata City industrial parks across Southeast Asia. Highly comparable business model—land leasing, ready-built factories, and integrated infrastructure for FDI manufacturers—and a benchmark for scaling eco-industrial park concepts regionally.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/deepcindustrialzones
• LinkedInlinkedin.com/company/deep-c
• Instagraminstagram.com/deepc.vn

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deep C