Tan Tao Investment & Industry

What Tan Tao Investment & Industry does

Tan Tao Investment and Industry Corporation (HOSE: ITA / ITACO) is a Vietnamese industrial park developer founded in 1997 and headquartered in Binh Tan District, Ho Chi Minh City, with a secondary 1,159-hectare footprint at Tan Duc Industrial Park in Long An Province. The company develops and leases industrial land and pre-built factory shells to domestic and foreign manufacturers, supporting 243 operating factories and approximately 25,913 regular workers at the flagship Tan Tao Industrial Park by end-2019. By that date, tenants had committed VND 12,430 billion in domestic investment capital and USD 126.53 million in FDI to the flagship park. The company is led by Chairwoman Dang Thi Hoang Yen and General Director Thai Van Men, with approximately 34.15% foreign ownership.

The business model rests on five revenue streams: (1) industrial park land lease and factory rental, the primary revenue source; (2) infrastructure services — power, water, and toll roads — provided through subsidiaries ITA Power, ITA Water-s, and ITA Way-s; (3) real estate development and one-time sales at the E.City Tan Duc mixed-use urban area and related land-bank assets; (4) education services through Tan Tao University; and (5) rice production and distribution through ITA Rice. Pricing for industrial leases is contract-based and not publicly disclosed. The go-to-market combines direct enterprise sales targeting FDI and domestic manufacturers, a member-company network bundling utility, real estate, and education services, and major annual shareholder meetings used as investor relations touchpoints.

The broader Tan Tao Group operates 42 real estate and infrastructure projects across Vietnam, with strategic partnerships including DAS Capital (US$150 million investment proposal, 2016), Agribank (housing finance cooperation), and earlier discussions with EDF Group and Samsung C&T around the Kien Luong 1 Thermal Power Plant. The company has been subject to ongoing bankruptcy-related legal proceedings since 2017, with Ho Chi Minh City People's Court issuing Decision No. 320/2026/QĐ-PS on May 14, 2026, regarding reconsideration of the suspension of bankruptcy proceedings. The ITA-s Foundation and the annual Hoa Trạng Nguyên student award program extend the company's brand beyond industrial real estate into community and education.

Name

Tan Tao Investment & Industry

Legal name

Công ty Cổ phần Đầu tư và Công nghiệp Tân Tạo

Website

https://itaexpress.com.vn

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

Tan Tao Investment & Industry (ITACO) is a Vietnamese industrial park developer founded in 1997 that leases land and factory shells to domestic and foreign manufacturers at Tan Tao and Tan Duc industrial parks, supported by integrated utilities, education, and urban development subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Industrial Park Land Lease and Factory Rental: Primary revenue stream from leasing industrial land and renting standard factories to domestic and foreign investors operating within Tan Tao and Tan Duc Industrial Parks. Revenue is recognition-based on rental income from industrial park infrastructure.
2. Infrastructure Services: Revenue from providing infrastructure services within industrial parks including utilities (water, power), toll roads, and other municipal services through subsidiary entities such as ITA Water-s, ITA Power, and ITA Way-s.
3. Real Estate Development and Sales: Revenue from development and sale of urban development projects including the E.City Tân Đức mixed-use urban area, land reclamation projects, and residential/commercial property sales within the group's land bank.
4. Education Services: Revenue from Tan Tao University educational services, including tuition and related academic programs, with scholarships provided to talented students.
5. Agricultural Products (ITA Rice): Revenue from rice production and distribution through ITA Rice subsidiary, including donations of rice to poor families as part of CSR activities.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Tan Tao Investment & Industry develops, owns, and operates industrial parks in Vietnam, leasing industrial land and standard factory shells to domestic and foreign manufacturing investors. The company also provides integrated infrastructure utilities (power, water, roads), runs the E.City Tân Đức mixed-use urban township, and operates adjacent businesses including rice production (ITA Rice) and higher education (Tan Tao University).

Product overview

Tan Tao Investment & Industry (ITA/ITACO) operates a platform-plus-modules business model centered on industrial park development and infrastructure. The core offerings are Tan Tao Industrial Park and Tan Duc Industrial Park, which provide factory leasing, land development, and investment services. These are augmented by integrated urban development projects (E.City), utility infrastructure modules (ITA Power, ITA Water-s, ITA Way-s, ITA Sky), rice production (ITA Rice), and education (Tan Tao University). The company also operates a charitable foundation (ITA-s) and awards program (Hoa Trạng Nguyên). The portfolio reflects a diversified conglomerate approach spanning industrial real estate, infrastructure, agriculture, and education.

Differentiator

Problem solved

Functional benefit

Products and services

• Tan Tao Industrial Park (KCN Tân Tạo) Flagship industrial park located 12 km from central Ho Chi Minh City, providing industrial land lease, factory leasing, infrastructure services, and investment attraction for domestic and foreign manufacturers.
• Tan Duc Industrial Park (KCN Tân Đức) 1,159-hectare industrial park and township complex in Long An Province, part of the E.City development, providing industrial land, factories, and integrated infrastructure for domestic and foreign investors.
• E.City Tân Đức (Khu đô thị Ecity) Integrated urban development project combining industrial, commercial, residential, and service facilities in Long An Province.
• ITA Way-s Infrastructure development project for roads and transportation systems serving the group's industrial parks and townships.
• ITA Water-s Water supply and treatment infrastructure services for industrial parks and urban developments within the Tan Tao Group ecosystem.
• ITA Power Power generation and distribution infrastructure for the group's industrial parks, including thermal power projects such as the Kien Luong power plant.
• ITA Sky Apartment and housing development project under the Tan Tao Group portfolio serving residential demand in the group's urban township.
• ITA Rice Rice production and distribution business operated by ITA Rice Corporation, including CSR donations to poor families in Long An Province.
• Tan Tao University (Đại Học Tân Tạo) Private non-profit university following Western educational models with English-language instruction and full scholarship programs covering tuition, food, and accommodation for Vietnamese students.

Quantifiable outcome

• 243 factories in operation by end of 2019
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Saigon Entrepreneurs ClubminorStrategic or Co-development Partner · 24 April 2018Tan Tao University (Faculty of Economics and Business Administration) organized a cooperation program with the Saigon Entrepreneurs Club, including a signing ceremony for cooperation between Tan Tao University and the Saigon Entrepreneurs Club to create exchange opportunities for TTU students.
• Leebra Vina FactoryminorChannel Partner/ Reseller/ Distributor · 12 December 2017Leebra Vina Factory broke ground at Tan Duc Industrial E.City Complex on December 12, 2017, investing US$4 million in a fashion goods and accessories production facility at Lot 17A, Road No. 1.
• ASEAN Business Advisory Council (ASEAN BAC)minorStrategic or Co-development Partner · 1 January 2017Mme. Dang Thi Hoang Yen, Chairwoman of Tan Tao Group and Founding President of Tan Tao University, attended the 69th ASEAN Business Advisory Council Meeting in Manila, Philippines, engaging with regional business leaders on ASEAN economic development issues.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Regional players

• AMATA Corporation: Thai-listed industrial estate developer with parks across Thailand, Vietnam (Amata City Bien Hoa, Amata City Long Thanh), and Myanmar. Comparable as a regional industrial-park operator with cross-border expansion, though focused on different geographies.

Direct peers

• Vietnam Singapore Industrial Park (VSIP): Joint-venture industrial park developer between Vietnamese and Singaporean partners operating multiple parks across Vietnam. Closely comparable as a turnkey industrial estate provider targeting FDI manufacturers.
• Becamex IDC (BWE): HOSE-listed (BWE) industrial park and urban developer concentrated in Binh Duong province. Directly comparable as a Vietnamese industrial estate operator with integrated township development similar to Tan Tao's E.City model.
• IDICO Corporation: Vietnamese state-owned industrial park and infrastructure developer with multiple parks nationwide. Comparable as a large-scale IP operator with integrated power and infrastructure services, similar to ITA's bundled offering.
• Long Hau Corporation (LHG): HOSE-listed (LHG) developer of Long Hau Industrial Park in Long An province, the same province as ITA's Tan Duc complex. Direct regional competitor for the same FDI manufacturing customer base.
• Kinh Bac City Development (KBC): Vietnamese industrial park developer listed on HOSE (KBC), with major parks in Bac Ninh and Hai Phong. Direct competitor to ITA in attracting FDI-driven manufacturing tenants into Vietnamese industrial estates.
• Sonadezi (SNZ): HOSE-listed (SNZ) state-linked industrial park developer operating parks in Dong Nai. Comparable in business model (industrial land leasing to manufacturers) and serves as a regional alternative to ITA's parks.

Broad incumbents

• Vinhomes (VHM): Vietnam's largest real estate developer (HOSE: VHM) and part of Vingroup. While primarily residential, it competes for large tracts of developable land near HCMC and serves as a much larger incumbent adjacent to ITA's integrated township strategy.
• CapitaLand Vietnam: Singapore-based diversified real estate group with industrial and logistics parks in Vietnam (e.g., Capella warehouses, industrial assets). Comparable as a foreign-backed industrial real estate operator targeting Vietnam-based manufacturers.
• Mapletree Investments: Singapore-based real estate investor with industrial and logistics developments across Asia, including Vietnam. Comparable as a large, established industrial-tenant landlord with cross-border capital and tenant relationships competing for the same FDI manufacturers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries11 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 Tan Tao Investment & Industry