Thang Long Industrial Park II

What Thang Long Industrial Park II does

Thang Long Industrial Park II Corporation (TLIPII), established November 2006 in Hung Yen Province, Vietnam, operates a Japanese-developed industrial park approximately 33km from Hanoi and 82km from Hai Phong Port along National Road 5. The company is jointly owned by Sumitomo Corporation, Sumitomo Corporation Vietnam LLC, and Thang Long Industrial Park Corporation, and is one of four parks in the Thang Long group (alongside TLIP in Hanoi, TLIPIII in Vinh Phuc, and TLIP4 under construction in Thanh Hoa). TLIPII provides land parcels for custom factory construction, pre-built rental factories ranging from 700 m2 to 3,000 m2, rental offices, and on-site infrastructure services including a 189MVA 110/22kV substation, a 24,000 m3/day industrial water purification plant, a 15,000 m3/day sewage treatment plant, and flood countermeasures engineered to 100-year flood probability standards. The company achieved RE100 for self-use power in 2022/2023 via rooftop solar (20MWp, planned to scale to 100MWp by 2030) and International Renewable Energy Certificates purchased from TEPCO Energy Partner International (Thailand).

TLIPII generates recurring revenue from land and rental factory leases plus managed infrastructure services (power, water, sewage) billed to tenants. Go-to-market is direct enterprise sales, leveraging Sumitomo Corporation's Japanese corporate network and formal cooperation agreements with Aichi Prefecture, Hamamatsu City, Kobe City, Hyogo Prefecture, and Kanagawa Prefecture that route regional Japanese SMEs to the park with financial incentives. A Japan Desk established jointly with the Hung Yen Provincial People's Committee in October 2016 targets 3-day investment permit approvals. The tenant base of approximately 73-74 manufacturing companies is anchored by major Japanese enterprises including Canon, Denso, MHI Aerospace, TOTO, Kyocera, Panasonic, Daikin, Hitachi Astemo, Nestlé Vietnam, HOYA, Sumiden, and Toyota Industrial Equipment. Operations are supported by approximately 200 staff including 5-6 Japanese members.

In November 2023, TLIPII launched moganadx, a digital manufacturing site support service that digitizes and visualizes tenant facility operations. The company is actively expanding: Phase 3 of the existing park was formalized via MoU in October 2020, and TLIP4 in Thanh Hoa Province broke ground in March 2026 with a 167-hectare Phase 1 targeted for completion in early 2027.

Name

Thang Long Industrial Park II

Legal name

Thang Long Industrial Park II Corporation

Website

https://tlip2.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Thang Long Industrial Park II Corporation operates a Japanese-developed industrial park in Hung Yen Province, Vietnam, leasing land, rental factories, and on-site power, water, and sewage infrastructure to approximately 73-74 Japanese and multinational manufacturing tenants, backed by Sumitomo Corporation and the broader Thang Long group.

Ownership category

akta.pro rank

Product category

Industrial Park Real Estate and Infrastructure Services

NAICS

Industrial Building Construction (23621), Water Supply and Irrigation Systems (221310)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

akta.pro secondary industry

Grounds, Landscaping & Exterior Services (BPABAAAD)

Keywords

• Industrial park leasing
• Rental factory services
• Industrial infrastructure operations
• Manufacturing real estate
• Japan Vietnam investment

Headquarters

HQ city

Yên Bái

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

Revenue model

1. Industrial Land Leasing: Leasing land parcels to manufacturing companies for factory construction and operations. Revenue generated from land rental fees based on plot size and location within the industrial park.
2. Rental Factory Leasing: Pre-built factory facilities available in various sizes (700m2 to 3,000m2) for lease to tenants. Includes rental offices and meeting facilities. Revenue from monthly/annual rental payments.
3. Infrastructure Services: Providing utilities including power supply, water treatment, and sewage services to tenant companies as part of industrial park operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Thang Long Industrial Park II develops and operates a Japanese-standard industrial park in Hung Yen Province, Vietnam, leasing land parcels and pre-built rental factories (700-3,000 m2) to manufacturing tenants. It bundles the leases with shared infrastructure including power supply (189MVA substation), industrial water (24,000 m3/day), sewage treatment (15,000 m3/day), flood protection, internal roads, and tenant support services such as the Japan Desk and moganadx digital transformation program.

Product overview

Thang Long Industrial Park II (TLIPII) is a Japanese-developed industrial park located in Hung Yen Province, Vietnam, approximately 33km from Hanoi city center. The company operates as an industrial real estate provider offering land parcels, rental factories (Techno Park), and rental offices to manufacturing companies. The core product portfolio includes: (1) Rental Factory in Techno Park - pre-built factory spaces ranging 700-3,000 m2 with customizable partitioning options; (2) Rental Office Building - flexible office spaces for lease; (3) Infrastructure services - power supply (189MVA capacity), industrial water supply (24,000 m3/day), sewage treatment (15,000 m3/day), flood countermeasures, and road systems; (4) Supporting Services - labor recruitment, tenant support, security, and community events; (5) Japan Desk - fast-track administrative support for Japanese companies; (6) Digital Transformation Support via moganadx for manufacturing site digitalization; and (7) Renewable Energy Solutions through I-REC for RE100 achievement. The company targets Japanese manufacturing companies seeking China+1 investment destinations, with approximately 73-74 tenant companies currently operating in the park.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Factory (Techno Park) Pre-built factory spaces for lease to manufacturing tenants, ranging from 700 m2 to 3,000 m2 with customizable partitioning options. Units include factory floor, office space, power supply infrastructure, and industrial wastewater systems. Designed for Japanese and other manufacturing SMEs seeking a turnkey Vietnam production base.
• Rental Office Building Office spaces for rent adjacent to the canteen building, including product display corners, pamphlet display areas, and meeting rooms. Available for short-term use even before business operations commence.
• Power Supply System

Quantifiable outcome

• CO2 emission reduction of over 800,000 tons annually through renewable energy transition
• +2 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Thanh Hoa Province People's CommitteeminorStrategic or Co-development Partner · 1 March 2026Local government for TLIP4 development in Thanh Hoa province. TLIP4 is the fourth industrial park in the Thang Long group, located in North Central Vietnam.
• TEPCO Energy Partner International (Thailand) Co., Ltd.coreStrategic or Co-development Partner · 1 December 2022Consolidated subsidiary of Tokyo Electric Power Company Holdings. Provides International Renewable Energy Certificates (I-REC) to help TLIPII achieve RE100 for self-use power consumption, complementing rooftop solar installations.
• Aichi PrefectureminorGTM or Marketing Partner · 1 February 2019Regional government partnership to attract companies from Aichi Prefecture to TLIPII. Provides financial benefits to companies from the prefecture establishing operations in the industrial park.
• Hung Yen Provincial People's Committee (HYPC)coreStrategic or Co-development Partner · 1 October 2016Local government authority partnering to establish Japan Desk for attracting Japanese SME investments. Aims to strengthen supporting industries in Hung Yen province by attracting manufacturing companies and generating employment opportunities.
• Hung Yen Industrial Park Zone Authority (HYIZA)coreStrategic or Co-development Partner · 1 October 2016Government body managing industrial zones in Hung Yen Province. Works with Japan Desk to support companies in obtaining incentives for supporting industries and facilitates administrative processes.
• Hamamatsu CityminorGTM or Marketing Partner · 1 May 2016City government partnership for attracting companies from Hamamatsu to TLIPII. Part of Sumitomo Corporation's overseas industrial park agreement.
• Kobe CityminorGTM or Marketing Partner · 1 October 2015City government partnership with Hyogo Economic Development Center to attract companies from Kobe and Hyogo Prefecture to TLIPII with financial benefits.
• Hyogo Economic Development CenterminorGTM or Marketing Partner · 1 October 2015Economic development organization partnering with Kobe City and Sumitomo Corporation to promote TLIPII to Hyogo Prefecture companies.
• Kanagawa PrefectureminorGTM or Marketing Partner · 1 November 2006Regional partnership to attract companies from Kanagawa Prefecture to TLIPII with financial incentives.

Scale indicators6 records

Recent moves16 records

Expansion highlights5 records

Direct peers

• DEEP C Industrial Zones: Belgian-Vietnamese joint venture operating industrial zones in Hai Phong/Dinh Vu targeting heavy industry and petrochemical tenants. Comparable turnkey industrial park model in northern Vietnam, though more diversified and less Japan-skewed than TLIPII.
• Becamex IDC (VSIP-style parks in Binh Duong): Vietnamese industrial park developer operating large-scale industrial zones in Binh Duong and other provinces. Similar land lease + built factory + infrastructure service stack, though more domestic-focused than TLIPII's Japan-skewed approach.
• Thang Long Industrial Park (TLIP): The original Thang Long Industrial Park in Hanoi operated by the same parent group (Thang Long Industrial Park Corporation). Directly comparable model — Japanese-friendly industrial park with Sumitomo Corporation backing — and effectively the predecessor that seeded TLIPII's design and operating approach.
• VSIP (Vietnam-Singapore Industrial Park): Joint-venture industrial parks developed across northern and southern Vietnam by a Singapore-led consortium. Directly competes with TLIPII for Japanese and other foreign manufacturing tenants with similar factory lease, infrastructure, and one-stop services.
• WHA Industrial Zone (Vietnam): Thai-based WHA Group's Vietnam operations develop and operate industrial estates with utilities and built-to-suit factories. Comparable turnkey infrastructure-and-lease model aimed at attracting foreign manufacturing FDI, with overlapping customer segments.
• Amata Vietnam: Amata Corporation's Vietnamese subsidiary operates multiple large industrial parks in Vietnam targeting Japanese, Thai, and other foreign manufacturers. Closely comparable business model — land and factory leasing to multinational tenants with full infrastructure services — and overlapping tenant base with TLIPII.
• Thang Long Industrial Park III (TLIPIII): Sibling industrial park in Vinh Phuc province developed by the same Sumitomo-backed Thang Long group. Operates the same Japan-targeted industrial park playbook with shared services and tenant ecosystem.

Emerging players

• KIZUNA Industrial Park: Vietnamese industrial park developer focused on serving Japanese SMEs in Binh Duong and other southern provinces. Comparable niche focus on Japanese small/medium manufacturers, but smaller in scale than TLIPII.
• BW Industrial Development: Vietnamese industrial and logistics real estate developer backed by BW Group. Operates modern, ESG-positioned facilities competing for the same foreign manufacturing tenant pool, though with a stronger logistics warehousing tilt than TLIPII.

Broad incumbents

• Sumitomo Corporation (Infrastructure/Industrial Park Division): Sumitomo Corporation — TLIPII's parent — operates and invests in multiple overseas industrial parks across Asia. As the broader incumbent and shareholder, it shapes capital allocation, tenant referrals, and ESG programs that flow down to TLIPII.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/thanglongindustrialparkiicorporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Thang Long Industrial Park II