What Sonadezi Long Binh Shareholding does

Sonadezi Long Binh Shareholding Company (HNX: SZB) is a publicly listed Vietnamese industrial park infrastructure developer and operator, corporatized from Sonadezi Corporation on July 1, 2009, and headquartered in Bien Hoa City, Dong Nai Province. The company manages four industrial parks totaling approximately 868 hectares: Bien Hoa 2 (400 ha, 100% occupied), Go Dau (182.4 ha, 100% occupied, with a unique internal port handling 30,000 DWT vessels), Xuan Loc (108.8 ha, 97% occupied), and Thanh Phu (177.2 ha, ~60% occupied), plus factory operations at Chau Duc Industrial Park in Ba Ria-Vung Tau Province. Its portfolio of nearly 200 investment projects from more than 20 countries and territories includes anchor tenants such as Shell Vietnam, Vietnam-Japan Fertilizer Company (JVF), Sew-EuroDrive, Samsung Chemical, LG Chemical, and Total Gas.

The company's core technology comprises synchronized industrial park infrastructure, including land, ready-built factories, offices, conference halls, water and power supply systems, and wastewater treatment plants using biotechnology combined with physiochemical processing (capacity up to 8,000 m3/day at Bien Hoa 2), meeting QCVN 40:2011/BTNMT Column A standards. Products and services span industrial land leasing, ready-built factory leasing (including Chau Duc, Bien Hoa 2, and Thanh Phu IZ locations), office leasing at the Sonadezi Service Center Building, and conference/event hall rental.

Revenue is generated primarily through recurring, multi-year industrial land and factory leases, supplemented by office and hall rentals, and wastewater treatment fees (e.g., 7,282 VND/m3 at Bien Hoa 2 and 7,965 VND/m3 at Thanh Phu). The go-to-market is direct enterprise sales targeting FDI manufacturers and domestic industrial investors, supported by the Sonadezi Corporation parent network and a bilingual corporate website. FY2025 revenue totaled 542 billion VND with after-tax profit of 201.7 billion VND and a 45% dividend payout, reflecting a stable, capital-disciplined industrial real estate business.

Name

Sonadezi Long Binh Shareholding

Legal name

Sonadezi Long Binh Shareholding Company

Website

https://szb.com.vn

Company type

Public

Founded year

2009

Operating status

Operating

Short description

Sonadezi Long Binh Shareholding (HNX: SZB) is a Vietnamese industrial park infrastructure developer managing four industrial parks totaling 868 hectares in Dong Nai and Ba Ria-Vung Tau provinces, serving nearly 200 FDI and domestic manufacturing tenants through recurring land, factory, office, and wastewater service leases.

Ownership category

akta.pro rank

Product category

Industrial Real Estate & Infrastructure

NAICS

General Warehousing and Storage (493110), Management of Companies and Enterprises (55111), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Public Warehousing & Storage (4220), Non-Operating Establishments (9995)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Industrial park leasing
• Industrial real estate
• Factory leasing
• Industrial land
• Wastewater treatment

Headquarters

HQ city

Biên Hòa

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Land Leasing: The company generates revenue primarily from leasing industrial land within its four industrial parks (Bien Hoa 2, Go Dau, Xuan Loc, and Thanh Phu). Land is leased to manufacturing companies and industrial investors for terms typically extending decades.
2. Factory Leasing: Revenue from leasing ready-built factories constructed by the company in its industrial parks. Factories are offered at various sizes and configurations to meet customer requirements.
3. Office and Hall Rental: Revenue from leasing office spaces and conference/meeting facilities at the Sonadezi Service Center Building located in Bien Hoa 2 Industrial Zone. Services include meeting room rental with capacity up to 150 guests.
4. Consignment Products: Revenue from consignment product services offered through the company's platform, though specific details are limited.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Sonadezi Long Binh Shareholding operates industrial park infrastructure, leasing industrial land, ready-built factories, offices, and conference/meeting facilities across four industrial parks in Dong Nai Province (Bien Hoa 2, Go Dau, Xuan Loc, Thanh Phu) totaling 868 hectares. The company also provides synchronized utility services including wastewater treatment, water supply, and power supply to tenants including FDI enterprises and domestic manufacturers.

Product overview

Sonadezi Long Binh Shareholding Company operates as an industrial park infrastructure business offering a portfolio of industrial real estate products across four industrial zones in Dong Nai Province: KCN Biên Hòa 2 (400 ha), KCN Xuân Lộc (108.8 ha), KCN Gò Dầu (182.4 ha), and KCN Thạnh Phú (177.2 ha). The company's product portfolio encompasses industrial land leasing, ready-built factories for lease (offered in Chau Duc IZ, Bien Hoa 2 IZ, and Thanh Phu IZ), office spaces for lease, and hall/conference room rental services. Additionally, the company manages Châu Đức Industrial Park in Ba Ria-Vung Tau Province. The company also provides wastewater treatment services with varying capacities across its industrial zones. All products are positioned to serve FDI enterprises and domestic investors seeking industrial space in southern Vietnam's key economic regions.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 4 industrial parks managed with 868 ha total land, attracting nearly 200 projects from 20+ countries
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered technology partner, long-standing key tenant, key tenant and tenant/partner.

• Shenzhen Jingwanjia Environmental Technology Grouptechnology partnerTechnology or Integration · 4 June 2026Shenzhen Jingwanjia is China's largest provider of core filtration solutions for large air filtration equipment, headquartered in Shenzhen with factories in Shenzhen and Huizhou. Sonadezi Long Binh visited and met with Jingwanjia leadership during a trip to China in June 2026. The company's Vietnamese subsidiary IPA Vietnam operates at Thanh Phu IZ.
• Vietnam-Japan Fertilizer Company (JVF)long-standing key tenantTechnology or Integration · 2 October 2025JVF is a joint venture between Sojitz Corporation (75%) and Central Glass Co., Ltd. (25%) with total investment capital of nearly USD 40 million. The company specializes in NPK fertilizer production using steam granulation technology from Japan, with annual capacity of 350,000 tons. Sonadezi Long Binh and JVF signed a 20-year land lease extension at Go Dau IZ in October 2025, continuing a partnership established in 1995.
• Shell Vietnam (Royal Dutch Shell)key tenantTechnology or Integration · 25 June 2025Shell Vietnam operates its lubricant manufacturing facility at Go Dau Industrial Park, producing premium lubricating oils under Shell brands. In June 2025, senior Shell leadership visited Sonadezi Long Binh to discuss strategic cooperation directions. Shell Vietnam has been operating in Vietnam with facilities at KCN Go Dau, producing oils for automobiles, motorcycles, and industrial engines.
• IPA Vietnam Environmental Protection Technology Co., Ltd.tenant/partnerTechnology or Integration · 24 July 2024IPA Vietnam is a 100% foreign-owned company specializing in environmental protection technology. The company operates at Thanh Phu IZ, providing core filtration solutions for air filtration equipment. A contract signing ceremony was held in July 2024. The company is linked to Shenzhen Jingwanjia Environmental Technology Group from China.
• Sew-EuroDrive Co., Ltd.key tenantTechnology or Integration · 10 March 2023Sew-EuroDrive, a German engineering group, signed a contract to lease land at Thanh Phu IZ to construct a factory for assembling geared motors and inverter products. A groundbreaking ceremony was held in November 2023. This represents a significant FDI investment in the company's industrial park.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• BW Industrial Development: Vietnam-focused industrial and logistics real estate platform backed by global investors including Blackstone. Comparable in industrial real estate leasing to manufacturers and logistics tenants, primarily in southern Vietnam.
• WHA Industrial Development Vietnam: Subsidiary of Thailand's WHA Group operating industrial estates in Vietnam. Comparable as foreign-affiliated industrial park developer serving FDI manufacturers in Vietnam with a lease-based model, though primarily focused on different provinces.

Direct peers

• Kinh Bac City (KBG): Vietnamese developer operating industrial parks and urban real estate, listed on Ho Chi Minh Stock Exchange. Comparable in industrial park leasing model and publicly listed structure; serves similar FDI tenant base in northern Vietnam.
• Deep C Industrial Zones: Belgian-Vietnamese joint venture operating industrial parks in Hai Phong and Quang Ninh. Comparable in industrial park leasing business targeting FDI manufacturers, though primarily active in northern Vietnam.
• Saigon VRG Investment (SVR): Vietnamese state-linked industrial park developer operating zones in southern Vietnam including Dong Nai-adjacent areas. Comparable in industrial park lease model, public listing structure, and target FDI tenant base.
• IDICO Corporation (IDC): Vietnamese state-linked industrial park and infrastructure developer operating industrial zones across southern Vietnam. Directly comparable to Sonadezi Long Binh as a public Vietnamese industrial park lessor with overlapping target customers (FDI manufacturers) and similar lease-based revenue model.
• AMATA Vietnam (Ho Chi Minh Stock Exchange): Vietnamese arm of Thailand-based AMATA Corporation, developing large-scale industrial estates in Dong Nai and nearby provinces. Comparable industrial park operator targeting FDI manufacturers in the same southern Vietnam corridor as Sonadezi Long Binh.
• Becamex IDC (BCM): Major Vietnamese industrial park developer headquartered in Binh Duong province, listed on Ho Chi Minh Stock Exchange. Closely comparable in business model (industrial land and factory leasing to FDI), geography (southern Vietnam manufacturing belt), and customer profile.

Broad incumbents

• Vinhomes (VHM): Vietnam's largest real estate developer with industrial park components through Vinhomes Industrial. A larger, more diversified incumbent with overlapping industrial real estate offerings, though primarily focused on residential.
• Sonadezi Corporation (Parent): State-owned parent conglomerate operating multiple industrial parks across Vietnam beyond Sonadezi Long Binh's portfolio. Comparable in core business but broader in scope, serving as parent and competitor for new FDI attraction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sonadezi-long-binh

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Sonadezi Long Binh Shareholding