Tinnghia Corp

Name

Tinnghia Corp

Legal name

Công ty cổ phần Tổng Công ty Tín Nghĩa

Website

https://tinnghiacorp.com.vn

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Industrial Conglomerate and Infrastructure Services

NAICS

General Warehousing and Storage (493110), Warehousing and Storage (493), Farm Product Raw Material Merchant Wholesalers (4245)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Farm Product Raw Materials (5150), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Contract Warehousing / Dedicated Warehousing (Dry) (TLALAAAB)

akta.pro secondary industry

Bonded Warehousing & Customs Storage (Dry) (TLALAAAF)

Keywords

• Industrial park development
• Petroleum distribution
• Warehousing logistics services
• Port operations
• Social housing development

Headquarters

HQ city

Biên Hòa

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. Industrial Park Infrastructure Development & Leasing: Developing and leasing industrial park infrastructure to domestic and foreign manufacturers. Revenue from land lease, factory lease, and infrastructure services to tenants in industrial zones including Nhon Trach 3, Ong Keo, An Phuoc, and others.
2. Petroleum Distribution: Tin Nghia Petroleum Joint Stock Company operates a distribution network for petroleum and lubricant products serving factories and petrol stations across Dong Nai and neighboring provinces.
3. Warehousing, Logistics & Port Services: Container depot (ICD), port operations, and logistics services including Phuoc An Depot and Tin Nghia General Port. Revenue from storage, handling, and freight forwarding services.
4. Agricultural Production & Trading: Production and trading of agricultural products including cashews (Donafoods brand), serving both domestic and export markets.
5. Social Housing Sales: Thong Nhat Joint Stock Company develops and sells social housing units to workers, with prices ranging from 135 million to 888 million VND per unit.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Tin Nghia Corporation is a Vietnamese diversified conglomerate that develops and leases industrial park infrastructure (Nhon Trach 3, Ong Keo, An Phuoc, 6D), distributes petroleum and lubricants, operates container depots and port logistics facilities, produces and trades agricultural products (cashews under the Donafoods brand), and develops social housing for industrial workers. Its primary revenue drivers are industrial land and factory leasing to manufacturers, fuel distribution margins, and logistics service fees from shipping and freight clients in southern Vietnam.

Product overview

Tin Nghia Corporation is a large state-owned conglomerate based in Dong Nai Province, Vietnam, established in 1989. The company operates a diversified portfolio across five main business fields: (1) Industrial Estate Development managing parks like Nhon Trach 3, Ong Keo, and An Phuoc; (2) Petrol & Oil Business with petroleum distribution network; (3) Warehousing & Logistics Services including Phuoc An Depot and Phu Huu Port; (4) Agricultural Products including Donafoods cashew nuts; and (5) Social Housing Development for industrial workers. The company also provides Virtual Tour services for industrial parks. With 11 subsidiary companies, 2 direct units, and 4 joint ventures, Tin Nghia serves as a major economic driver in Dong Nai Province, operating industrial infrastructure that supports manufacturing operations for domestic and international clients.

Differentiator

Problem solved

Functional benefit

Brands

• Tín Nghĩa Logistics: Logistics and warehousing services subsidiary operating ICD Biên Hòa and Phuoc An Depot
• Tin Nghia Industrial Parks
• Donafoods

Products and services

• Industrial Estate Development Development and management of industrial parks including Nhon Trach 3, Ong Keo, An Phuoc, and 6D Industrial Parks, providing developed land and factory buildings for manufacturing and industrial tenants in Dong Nai province.
• Petroleum and Lubricant Distribution Petroleum distribution network through Tin Nghia Petroleum JSC supplying petrol and lubricants to factories and petrol stations across Dong Nai and neighboring provinces.
• Warehousing, Container Depot and Port Logistics Services Container logistics, depot operations, and port services including ICD Biên Hòa, Phu Huu General Port (capable of accommodating up to 30,000-DWT vessels), and Phuoc An Depot for shipping lines, freight forwarders, and manufacturers.
• Donafoods Agricultural Products (Cashew) Production and trading of agricultural products including Donafoods cashew nuts serving domestic and export markets.
• Bau Xeo Social Housing Project Social housing project for industrial workers at Bau Xeo Industrial Park Service Centre in Trang Bom district, Dong Nai, offering 624 apartments across 6 blocks of 5-storey buildings on a total planned area of 20,450 m², with units from 31.1 m² to 69.8 m² priced from 135 million to 888 million VND.
• Other Industries (Residential Estates, Wholesale Markets, Service Centers) Other business sectors operated by Tin Nghia Corporation including residential estates, wholesale markets, service centers, and general port operations beyond its core five fields.

Quantifiable outcome

• Top 10 Green Industrial Park Award 2024 recognized by VIDS for sustainable industrial park development
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• SITC New Port LogisticscoreStrategic or Co-development Partner · 26 September 2025Strategic partnership signed on September 26, 2025 at the Grand Opening of Phuoc An Depot. The partnership aims to build a comprehensive logistics service chain, providing container delivery and reception solutions for customers in the southern region, particularly Nhon Trach area. SITC New Port Logistics collaborates with Tin Nghia Logistics to leverage the Phuoc An Depot's strategic location near Phuoc An Port and the Cai Mep – Thi Vai port cluster.
• Action Composites Hightech Industries Co., Ltd.coreTechnology or Integration · 22 November 2023Action Composites Vietnam expanded its factory by over 16,000 m² at JSC's Nhon Trach 3 Industrial Park Phase 2. The new factory project is designed according to LEED standards, using modern technology to reduce environmental impact and contribute to a green, clean, and sustainable environment. Action Composites is a leading enterprise in manufacturing high-quality carbon auto accessories.
• Forval Limited Liability CompanyminorStrategic or Co-development Partner · 22 November 2023Forval Limited Liability Company was represented at the groundbreaking ceremony for Action Composites Vietnam's factory expansion. The company's role appears to be related to investment and business advisory services for the project.
• Shipping Lines (Multiple)minorChannel Partner/ Reseller/ DistributorMultiple shipping lines attended the Grand Opening of Phuoc An Depot and are key customers/partners of Tin Nghia Logistics for container handling and depot services.

Scale indicators9 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Becamex IDC: Becamex IDC is Vietnam's largest industrial-park developer with deep Binh Duong province exposure, operating a similar develop-and-lease IP model with diversified subsidiaries. Like Tin Nghia, it combines land-bank, factory leasing, and adjacent real-estate businesses for industrial tenants.
• Viglacera Corporation: Viglacera is a state-owned IP developer and construction-materials producer with industrial parks across northern Vietnam. Comparable to Tin Nghia in state-owned enterprise structure, IP-tenant profile, and emerging expansion into industrial real-estate adjacent services.
• Gemadept Corporation: Gemadept operates ports, container depots, and logistics services across Vietnam, including Cai Mep ICD. Overlaps directly with Tin Nghia Logistics-ICD Bien Hoa and Phuoc An Depot in container handling, storage and port-adjacent services for the same southern gateway market.
• IDICO Corporation: IDICO is a state-owned Vietnamese developer of industrial parks, hydropower, and infrastructure projects, overlapping with Tin Nghia's IP development and infrastructure-business lines. Both list on UPCoM/HOSE and operate with state-linked governance models.
• Long Hau Corporation: Long Hau JSC develops and operates industrial parks in Long An province (adjacent to Dong Nai/HCMC), serving the same southern Vietnamese FDI manufacturer base as Tin Nghia with a focused IP-leasing business model. Comparable customer profile, geography, and product offering.
• Sonadezi Corporation: Sonadezi develops industrial parks, residential housing, and high-tech zones in Dong Nai and neighbouring southern provinces, making it the most direct geographic and business-model peer to Tin Nghia's IP-led conglomerate. Both groups monetise Dong Nai province industrial demand with shared tenants and regulators.
• Kinh Bac City Development: Kinh Bac is one of Vietnam's largest IP and urban developers, focused on northern industrial corridors with a similar land-lease-and-real-estate model. Comparable to Tin Nghia in product mix (IP + housing + services) and target customers (FDI manufacturers).
• AMATA Vietnam (Long Thanh): AMATA Vietnam operates the Long Thanh IP and urban project directly adjacent to Tin Nghia's Nhon Trach 3 and Ong Keo parks, serving a nearly identical pool of HCMC-region FDI manufacturers. Closest geographic competitor with overlapping ESG-certified industrial-park positioning.

Broad incumbents

• Vietnam Maritime Corporation (Vinalines): Vinalines operates major Vietnamese ports and port-adjacent logistics including terminals at Cai Mep-Thi Vai. Overlaps with Tin Nghia's Phu Huu General Port and Phuoc An Depot in the same southern port-cluster logistics corridor.
• Petrolimex (PLX): Petrolimex is Vietnam's national petroleum distributor with thousands of retail outlets nationwide. Comparable to Tin Nghia Petroleum JSC's wholesale and retail fuel-distribution operations in Dong Nai and the southern distribution network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 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 Tinnghia Corp