KCN Vietnam Group Joint Stock Company has officially broken ground on a ready-built warehouse and factory project at Song Than 3 Industrial Park in Ho Chi Minh City. Covering 21.9 hectares, the project is expected to provide more than 130,000 sq.m of high-quality industrial space, including Ready-Built Factories (RBF) and Ready-Built Hybrid facilities (RBH), with development oriented toward LEED green building standards.
On August 11, 2026, KCN Vietnam Group officially commenced construction of its new ready-built warehouse and factory project at Song Than 3 Industrial Park, marking another step in the company’s strategy to expand its industrial real estate network across Vietnam’s key manufacturing hubs.
The project covers approximately 21.9 hectares and is located at Song Than 3 Industrial Park in Ho Chi Minh City, within the former Binh Duong area, one of Southern Vietnam’s most established and dynamic manufacturing and logistics centers.
Upon completion, the project is expected to add more than 130,000 sq.m of high-quality ready-built warehouses and factories to the market.
The new supply is particularly notable as demand continues to grow for ready-built industrial facilities that allow manufacturers and logistics companies to start operations quickly and flexibly.
Song Than 3 to Add More Than 130,000 Sq.m of Ready-Built Industrial Supply
According to the development plan, KCN Vietnam’s Song Than 3 project will provide two main product types:
- Ready-Built Factories (RBF);
- Ready-Built Hybrid facilities (RBH).
These two formats are designed to serve a wide range of tenants.
Ready-Built Factories are generally suitable for manufacturers seeking to establish operations quickly without spending considerable time developing a new facility from the ground up.
Ready-Built Hybrid facilities, meanwhile, can combine manufacturing, warehousing, distribution and logistics functions within a single property.
This combination gives the project greater flexibility and broadens its potential tenant base.
Once completed, the more than 130,000 sq.m of ready-built industrial space is expected to strengthen the supply of higher-quality industrial facilities in Southern Vietnam.
21.9-Hectare Project Located in One of Southern Vietnam’s Most Established Industrial Hubs
Location is one of the project’s strongest advantages.
Song Than 3 Industrial Park sits within a long-established industrial area with a dense concentration of factories, logistics companies and supporting supply chains.
For manufacturers, locating within an established industrial cluster can significantly reduce the time required to build a supplier and service ecosystem.
Businesses can more easily access:
- Logistics services;
- Labor;
- Component and material suppliers;
- Maintenance services;
- Transportation;
- Warehousing;
- Industrial support services.
These factors are particularly important for foreign-invested companies when selecting a manufacturing location.
Song Than Remains an Important Manufacturing and Logistics Cluster in Southern Vietnam
The Song Than area has long been recognized as one of the most important manufacturing and logistics clusters in Southern Vietnam.
Its early industrial development has created a relatively complete ecosystem of factories, warehouses, transport infrastructure and supporting services.
As global supply chains continue to evolve, industrial areas with established infrastructure are becoming increasingly attractive.
Manufacturers are no longer focused solely on rental prices.
They also evaluate access to customers, suppliers, ports, airports and transportation networks.
For this reason, additional ready-built industrial supply at Song Than 3 could be well positioned to meet the needs of companies seeking faster market entry.
Project Designed Toward LEED Green Building Standards
One of the most notable features of the project is its planned development in accordance with LEED standards.
LEED is one of the world’s most widely recognized green building certification systems.
In industrial real estate, green building standards are becoming increasingly important in site selection.
Multinational corporations are facing growing pressure to reduce carbon emissions, improve energy efficiency and comply with ESG requirements.
As a result, green factories are no longer simply an environmental consideration.
They can also help manufacturers comply with the sustainability requirements of parent companies, international customers and global supply chains.
Green Buildings Are Becoming a New Standard for Industrial Real Estate
In the past, manufacturers often focused mainly on rental costs and location.
Today, tenant selection criteria are changing.
Companies are paying increasing attention to:
- Energy efficiency;
- Emissions reduction;
- Water management;
- Working environment;
- Construction quality;
- Sustainable operations;
- International certification.
Projects aligned with LEED standards can therefore hold a competitive advantage when targeting international tenants.
This is particularly relevant for electronics, technology, export manufacturing and logistics companies, where ESG requirements are becoming increasingly integrated into investment strategies.
Ready-Built Factory Demand Supported by Faster Market Entry Requirements
One of the main reasons the ready-built factory market continues to expand is its ability to shorten project implementation time.
Developing a factory from scratch may require many months, or even longer, for procedures, design and construction.
Ready-built facilities allow companies to move much faster through the initial investment phase.
Tenants can rent a facility, install machinery, recruit workers and begin production without having to undertake an entire construction project themselves.
This is especially useful for companies expanding their supply chains or relocating part of their manufacturing operations to Vietnam.
Ready-Built Factories Increasingly Popular with FDI Manufacturers
Ready-Built Factories are becoming an increasingly popular choice among foreign-invested enterprises.
One major advantage is the reduction in initial capital expenditure.
Manufacturers do not need to invest heavily in constructing their own factories.
Instead, they can allocate more capital toward:
- Machinery;
- Production lines;
- Workforce;
- Raw materials;
- Research and development.
Leasing also provides greater flexibility if a manufacturer needs to expand or reduce operations later.
This flexibility is particularly valuable in an increasingly volatile global business environment.
Ready-Built Hybrid Facilities Match Modern Supply Chain Requirements
In addition to RBF products, the Song Than 3 project will also provide Ready-Built Hybrid facilities.
The model combines production and warehouse functions.
It can be attractive to companies that need to manufacture and store goods within the same location.
In modern supply chains, the boundary between manufacturing and logistics is becoming increasingly flexible.
Many companies require space that can simultaneously support:
assembly, packaging, storage, quality control and distribution.
An RBH facility can accommodate these operations without requiring a company to lease multiple separate locations.
Vietnam Shifting FDI Strategy from Quantity to Quality
The development of Song Than 3 comes as Vietnam is significantly changing its foreign investment strategy.
Rather than focusing primarily on the number of FDI projects, the country is increasingly targeting investment in:
- High technology;
- High-value-added industries;
- Innovation;
- Supply chains;
- Green development;
- Digital transformation;
- Supporting industries.
This strategic shift is also changing the requirements placed on industrial infrastructure.
Investors no longer simply need industrial land and factory buildings.
They increasingly expect infrastructure that meets international standards.
Ho Chi Minh City Attracted More Than USD 6.8 Billion in FDI in H1 2026
According to disclosed figures, Ho Chi Minh City attracted more than USD 6.8 billion in foreign direct investment during the first six months of 2026.
Of this amount, more than USD 2.6 billion was recorded in export processing zones and industrial parks.
The figures demonstrate the continued importance of manufacturing in attracting foreign capital.
New FDI also creates additional demand for industrial real estate.
Incoming manufacturers require industrial land, ready-built factories, warehouses and supporting infrastructure.
Against this background, high-quality ready-built industrial facilities could become one of the clear beneficiaries of the new investment cycle.
Industrial Infrastructure Becoming a Key Competitive Advantage in FDI Attraction
According to Hardy Diec, CEO of KCN Vietnam Group, as Vietnam increases its focus on attracting higher-quality FDI, industrial infrastructure is becoming an increasingly important source of competitive advantage.
This reflects a broader market trend.
Manufacturers no longer make investment decisions based on costs alone.
They increasingly prioritize:
- Strategic location;
- Speed to operation;
- Flexibility;
- Infrastructure quality;
- Expansion potential;
- Environmental standards;
- Long-term operating efficiency.
Projects that can satisfy several of these requirements simultaneously are likely to be better positioned to attract tenants.
Speed to Operation Is Becoming Increasingly Important
In global supply chains, time can directly affect competitiveness.
When a company decides to establish a new manufacturing facility, it typically wants to begin production as quickly as possible.
Every month of delay can generate significant costs.
Ready-built factories help reduce this risk.
Instead of spending a lengthy period constructing new premises, manufacturers can move toward operational readiness more quickly.
This is one of the major reasons why the RBF model continues to expand across Vietnam’s key industrial centers.
Song Than 3 Marks KCN Vietnam’s Expansion into Ho Chi Minh City
According to Hardy Diec, Song Than 3 represents the next stage of KCN Vietnam’s expansion in Southern Vietnam.
Following projects in Dong Nai and Tay Ninh, Song Than 3 marks the company’s presence in Ho Chi Minh City.
This has strategic significance.
Ho Chi Minh City and its surrounding industrial belt form one of Vietnam’s largest manufacturing and logistics markets.
Expanding into this market allows KCN Vietnam to strengthen its portfolio in one of the country’s most important industrial and commercial regions.
KCN Vietnam Continues Expanding Across Key Manufacturing Centers
Song Than 3 is not a standalone project.
It forms part of KCN Vietnam’s broader strategy to develop an industrial infrastructure network across the country.
The company is focusing on areas with established manufacturing ecosystems and strong FDI potential.
This strategy allows KCN Vietnam to build a nationwide project network.
For international tenants, a multi-location portfolio can offer significant advantages.
Manufacturers may be able to expand into different regions while continuing to work with the same industrial infrastructure provider.
KCN Vietnam Plans to Add More Than 300,000 Sq.m of New Supply
During the second half of 2026 and early 2027, KCN Vietnam expects to complete additional projects at:
- Ho Nai Industrial Park in Dong Nai;
- An Phat Industrial Park in Hai Phong;
- Phuc Dien Industrial Park in Hai Phong.
These developments are expected to add more than 300,000 sq.m of high-quality ready-built industrial space to the market.
The figure indicates that the company is maintaining a significant development pipeline.
Combined with the more than 130,000 sq.m planned at Song Than 3, KCN Vietnam’s upcoming supply represents a sizeable addition to the industrial property market.
Dong Nai Remains a Key Industrial Market
KCN Vietnam’s continued development at Ho Nai Industrial Park shows that Dong Nai remains one of its strategic markets.
Dong Nai benefits from:
- Extensive industrial land;
- A large industrial park network;
- Strong connectivity with Ho Chi Minh City;
- Seaports;
- Expressways;
- Long Thanh International Airport in the future.
These factors continue to attract manufacturing and logistics investment.
For industrial real estate developers, Dong Nai is likely to remain an important market for many years.
Hai Phong Is a Major Northern Manufacturing Hub
In Northern Vietnam, KCN Vietnam plans additional development at An Phat and Phuc Dien industrial parks.
Hai Phong is one of Northern Vietnam’s largest manufacturing centers.
The city benefits from seaports, expressways and strong connectivity with industrial provinces including Hai Duong, Bac Ninh and Quang Ninh.
The concentration of electronics, mechanical engineering and export manufacturing companies creates substantial demand for factories and logistics space.
Developing supply in both Northern and Southern Vietnam gives KCN Vietnam a relatively balanced geographic portfolio.
Global Supply Chain Restructuring Supporting Demand for Flexible Industrial Space
One of the strongest drivers of Vietnam’s industrial real estate market is ongoing restructuring of global supply chains.
Companies are seeking to reduce dependence on a single manufacturing market.
Vietnam remains one of Asia’s notable production destinations.
Against this background, many companies prefer to test the market before committing capital to a large purpose-built factory.
Ready-built industrial properties provide an effective solution.
Companies can begin at a moderate scale and later expand if their operations grow.
Market Increasingly Needs Higher-Quality Industrial Products
As FDI shifts toward technology and higher-value-added industries, the quality requirements for industrial real estate are also increasing.
These investors often require:
- Appropriate factory clear heights;
- Strong floor loading;
- Fire protection systems;
- Reliable electricity;
- Data connectivity;
- Environmental standards;
- Green areas;
- Professional facility management.
The industrial market may therefore become increasingly segmented.
Newer projects with higher construction standards and international certifications are likely to be more competitive in attracting quality tenants.
LEED Could Strengthen the Project’s Appeal to International Tenants
By developing Song Than 3 toward LEED standards, KCN Vietnam could gain an important competitive advantage.
Many global corporations have committed to reducing carbon emissions throughout their supply chains.
This means suppliers operating in Vietnam may also need production facilities that comply with higher environmental standards.
Green factories can help manufacturers:
reduce energy consumption, lower operating costs, improve workplace conditions and meet ESG requirements.
These considerations are becoming increasingly important in industrial site selection.
Industrial Real Estate Moving from “Space Leasing” to “Solution Provision”
A major trend in industrial real estate is the changing role of developers.
Historically, developers primarily provided land or factory buildings.
Today, manufacturing tenants increasingly require more comprehensive solutions.
These may include:
- Premises;
- Legal support;
- Infrastructure;
- Utilities;
- Property management;
- Operational support;
- Sustainability solutions.
This means developers must invest more heavily in product design and service quality.
Song Than 3 reflects this shift by combining RBF, RBH and green building standards.
Strategic Location Could Help Manufacturers Optimize Logistics
Logistics represents a significant component of manufacturing costs.
A factory located close to roads, ports, warehouses and major consumption centers can help reduce delivery time and transportation expenses.
The Song Than area benefits from its location within one of Southern Vietnam’s largest industrial and urban regions.
This allows manufacturers to connect efficiently with suppliers and consumer markets.
For logistics and distribution businesses, the location also offers advantages for goods movement and delivery.
Project Could Attract a Wide Range of Manufacturing Sectors
Thanks to its flexible product design, the development could appeal to multiple industry groups.
Potential tenants may include:
- Electronics;
- Mechanical engineering;
- Equipment manufacturing;
- Supporting industries;
- Logistics;
- E-commerce;
- Consumer goods;
- Technology.
Actual tenant suitability will depend on individual unit specifications, floor loading, size and technical requirements.
However, providing multiple product formats increases the project’s ability to respond to diverse market needs.
KCN Vietnam Pursuing Selective Growth Strategy
The continued development of Song Than 3, Ho Nai, An Phat and Phuc Dien indicates that KCN Vietnam is pursuing a relatively selective expansion strategy.
Rather than developing projects indiscriminately, the company is focusing on established manufacturing centers.
These locations benefit from:
- Stable leasing demand;
- Strong transportation infrastructure;
- Labor availability;
- Established business communities;
- FDI inflows.
This approach may help reduce market risk while improving the commercialization potential of new supply.
Song Than 3 Adds Supply as the Market Moves Toward Higher Standards
Construction of the Song Than 3 project begins at a time when Vietnam’s industrial real estate market is shifting from rapid expansion in quantity toward stronger competition in quality.
Tenants are increasingly evaluating:
construction quality, operational efficiency, energy performance and ESG standards.
In this context, more than 130,000 sq.m of new industrial supply designed toward LEED standards appears well aligned with current market trends.
Its location in a long-established manufacturing hub further combines geographic advantages with modern product quality.
Song Than 3 Could Become a Notable New Supply Source in Southern Vietnam
With a development area of 21.9 hectares, more than 130,000 sq.m of planned ready-built space, RBF and RBH products and LEED-oriented development, Song Than 3 represents a significant addition to KCN Vietnam’s Southern portfolio.
The project not only adds new industrial space but also reflects broader changes within Vietnam’s industrial real estate sector.
Developers are increasingly focusing on quality, faster tenant occupancy, flexibility and sustainable development.
As Vietnam continues to attract higher-quality FDI, projects combining strategic locations with international-standard infrastructure are expected to hold stronger competitive advantages.
KCN Vietnam Expands Network Ahead of New Investment Cycle
The groundbreaking of Song Than 3, combined with additional projects scheduled for completion in Dong Nai and Hai Phong, shows that KCN Vietnam is continuing to expand supply in response to increasingly diverse manufacturing demand.
If the company successfully adds more than 300,000 sq.m of additional industrial space during the second half of 2026 and early 2027, its ready-built industrial portfolio will expand significantly.
Over the long term, project competitiveness will increasingly depend on more than floor area and rental prices.
Infrastructure quality, green standards, strategic location, flexibility and the ability to help manufacturers start operations quickly will become increasingly decisive.
Song Than 3 is a clear example of this new direction in Vietnam’s industrial real estate market.
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