VIETSON GROUP

What VIETSON GROUP does

VIETSON GROUP (Công Ty Cổ Phần Phát Triển Hạ Tầng Việt Sơn) is a Vietnamese industrial real estate operator founded in 2004 and headquartered in Duc Hoa, Long An province. The group develops and operates Thai Hoa Industrial Park (THIP), a 100.3-hectare industrial zone within the larger 1,850+ ha Duc Hoa III industrial complex, which has reached 100% occupancy with 103–105 domestic and foreign manufacturing tenants operating under a 50-year concession (2004–2054). VIETSON operates through three core sub-brands: VIETSON DEVELOPMENT (infrastructure development), VIETSON SERVICE / IPSV (industrial park management including security, landscaping, environmental monitoring, and the 2,000 m³/day wastewater treatment plant), and VIETSON SALES (real estate brokerage via industrialparkhub.com).

The group runs a vertically integrated platform-plus-services model. Revenue is generated through multiple streams: one-time land allocation and factory sales, recurring land lease payments, managed services contracts (security, cleaning, landscaping, logistics, recruitment), utility rentals (warehouses, offices, kiosks, billboards, training center at 1,500,000 VND/day), commercial real estate (Sun THIP Mall), and transaction fees on the in-house marketplace. On-site infrastructure includes a 2,000 m³/day wastewater treatment plant, worker housing, ATM banking via TPBank, retail and food services, and an in-house weather monitoring system (IPSV Alert Forecast) integrating open meteorological data sources. The company's principal customers are manufacturing enterprises in mechanics, electronics, electrical appliances, automotive parts, metal production, and increasingly Halal-certified food producers servicing Muslim export markets. More recent strategic initiatives include the April 2026 groundbreaking of the first 5-story high-rise factory with Siam Holdings Vietnam JSC and the launch of a 30-day AI creation initiative in May 2026 using the WF Creator platform.

Name

VIETSON GROUP

Legal name

Công Ty Cổ Phần Phát Triển Hạ Tầng Việt Sơn

Website

https://vietsongroup.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

VIETSON GROUP is a Vietnamese industrial real estate operator that develops and manages Thai Hoa Industrial Park (100.3 ha, 100% occupied) in Long An province, providing land, factory leasing, and integrated facility management services to over 100 domestic and foreign manufacturing tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Đức Hòa, Long An

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Park Land & Factory Development: Developing and selling/leasing industrial land parcels and factory buildings within Thai Hoa Industrial Park to domestic and foreign manufacturing companies. Revenue is generated through land allocation, land lease, and factory sales. The group also sells shophouse units within the park.
2. Industrial Park Management & Maintenance Services: Providing ongoing management, maintenance, and operational support services to tenant businesses, including security, landscaping, factory cleaning, waste management, and environmental compliance services. Revenue is recurring from service contracts with park tenants.
3. Real Estate Brokerage & Property Sales: Connecting buyers and sellers of industrial real estate within and beyond Thai Hoa Industrial Park, ensuring transparent and effective transactions. Operates through the industrialparkhub.com marketplace platform and the group's Sàn giao dịch (exchange floor).
4. Utility & Convenience Services: Rental income from warehouses, offices, kiosks, billboards, and machinery/equipment within the industrial park. Also includes training center rental (1,500,000 VND/day) and various recreational facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

VIETSON GROUP develops, operates, and manages the Thai Hoa Industrial Park (THIP), a 100.3-hectare industrial zone in Duc Hoa, Long An province, Vietnam. The group leases industrial land and factory buildings to domestic and foreign manufacturers and provides on-site facility management services — security, cleaning, landscaping, environmental monitoring, logistics, recruitment, training, and warehouse/office/kiosk rental — through its VIETSON SERVICE (IPSV) brand. It also runs a commercial mall (Sun THIP Mall), shophouse units, billboard advertising, and a real estate marketplace (industrialparkhub.com) connecting buyers and sellers of industrial property.

Product overview

VIETSON GROUP is a leading industrial real estate conglomerate in Vietnam with over 15 years of experience. The company operates a platform-plus-services model centered on THIP (Thai Hoa Industrial Park), a 100+ hectare industrial park in Long An Province. The ecosystem includes VIETSON DEVELOPMENT for infrastructure development, VIETSON SERVICE (IPSV) for facility management, and VIETSON SALES for the marketplace platform. Supporting services include security, cleaning, landscaping, logistics, warehouse/office/kiosk rental, billboard advertising, training center, recruitment, environmental licensing, and a commercial mall (Sun THIP Mall). A digital marketplace enables property transactions, while the IPSV Alert Forecast provides weather monitoring. Recent initiatives include a 30 DAYS AI CREATION program and high-rise factory development. The group serves over 100 domestic and foreign investors across manufacturing, electronics, automotive parts, and food processing industries.

Differentiator

Problem solved

Functional benefit

Brands

• VIETSON DEVELOPMENT: Industrial park infrastructure development and real estate development division of Việt Sơn Group
• VIETSON SERVICE (IPSV)
• VIETSON SALES
• THAI HOA INDUSTRIAL PARK (THIP)
• SUN THIP MALL

Products and services

• Thai Hoa Industrial Park (THIP)

Quantifiable outcome

• 100% occupancy rate at THIP 1 (100.3 ha)
• +4 more outcomes

Named customers4 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

Integration4 records

AI capability2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Siam Holdings Vietnam Joint Stock CompanycoreStrategic or Co-development Partner · 18 April 2026Siam Holdings Vietnam JSC partnered with Viet Son Infrastructure Development JSC to develop the first high-rise (5-story) factory building project at Thai Hoa Industrial Park. The groundbreaking ceremony was held on April 18, 2026, marking a strategic transformation for the industrial park. Viet Son Group provides the land and infrastructure while Siam Holdings serves as the investor and main user of the multi-story manufacturing facility.
• TPBank (Tien Phong Commercial Joint Stock Bank)coreStrategic or Co-development Partner · 29 September 2024TPBank opened a transaction office within Thai Hoa Industrial Park, providing financial services to park tenants and workers. Services include card services (ATM), loans, savings, money transfers, and e-banking. The partnership enhances the comprehensive ecosystem of THIP and attracts additional businesses seeking integrated financial services. TPBank's Tien Phong Commercial Joint Stock Bank – Tan Hoa Branch provides ongoing banking services.
• MDP CompanyminorChannel Partner/ Reseller/ Distributor · 1 June 2024MDP Company, a leading enterprise, chose THIP's shophouse district as its strategic business destination, demonstrating the quality and development potential of the commercial area. MDP's presence enhances the prestige and commercial ecosystem of the THIP mall area.
• FirstFMS (Việt Sơn Service)coreTechnology or Integration · 11 July 2019FirstFMS is the service management brand of Viet Son Group, providing property management, environmental services, security, and landscaping for Thai Hoa Industrial Park. On July 11, 2019, FirstFMS began upgrading the wastewater treatment plant to 1,500 m³/day capacity, achieving compliance with current Vietnamese environmental law standards. Contact: [email protected]. Website: firstfms.com.
• Halal Certification Organizations in VietnamminorStrategic or Co-development PartnerThai Hoa Industrial Park Management Board is linking with partners in the supply chain to provide Halal-certified food products for Muslim consumers. The park connects tenants with Halal certification organizations including Halal Vietnam (halalvietnam.vn) and Halal Certification Agency (HCA) (halal.vn), supporting businesses in obtaining certification per Vietnamese national standards TCVN 12944:2020, TCVN 13708-13710:2023, and TCVN 13888:2023.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sonadezi (Dong Nai Sonadezi JSC): Vietnamese industrial park developer and operator focused on Dong Nai province with multiple parks and ancillary services. Comparable in business model (land development + management services) but larger scale and longer track record.
• Becamex IDC: One of Vietnam's largest industrial real estate developers, with extensive industrial parks primarily in Binh Duong province. Competes with Viet Son for FDI tenants seeking developed industrial land with integrated services, but operates a multi-park portfolio rather than a single asset.
• BW Industrial Development: Vietnam-focused industrial and logistics real estate platform backed by Warburg Pincus. Develops and leases ready-built factories and warehouses across multiple provinces. Competes for FDI manufacturing tenants with similar ready-built factory offerings to what Viet Son is launching with Siam Holdings.
• VSIP (Vietnam-Singapore Industrial Park): Joint venture between Vietnamese and Singaporean governments operating a network of large-scale industrial parks across Vietnam. Directly comparable to Viet Son's industrial park development and management model, but operates at a national scale with significantly greater capital and tenant reach.
• Kinh Bac City (KBC): Vietnamese industrial real estate developer with parks across northern provinces, including Bac Ninh and Hai Duong. Comparable in industrial park development business model with broader geographic diversification.
• Industrial Property Development JSC (IDICO): State-owned industrial park developer and operator with multiple parks across southern Vietnam including Long An province. Directly competes with Viet Son in the same geographic market and offers similar full-service park management.
• Vinhomes (Vinh Industrial): Vietnamese conglomerate with industrial real estate operations as part of its diversified real estate portfolio. Competes broadly in the industrial land market with significantly greater financial backing and brand recognition.

Regional players

• Saigon VRG Investment Corporation: Industrial park operator in southern Vietnam with parks in the greater HCMC area. Comparable in serving export-oriented manufacturers but operates at larger scale within HCMC's industrial corridor.
• Thanh Thanh Cong Industrial: Vietnamese conglomerate with industrial park operations primarily in Tay Ninh province, adjacent to Viet Son's Long An location. Competes for similar southern Vietnam FDI manufacturing clients with comparable industrial park infrastructure.

Direct peers

• Nam Tan Uyen (NTC): Vietnamese industrial park operator focused on Binh Duong province, with a similar single-region focus to Viet Son. Comparable size and operating model with full-service park management for manufacturing tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vietsongroup

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 VIETSON GROUP