{"id":6273,"date":"2026-05-11T10:00:03","date_gmt":"2026-05-11T03:00:03","guid":{"rendered":"https:\/\/datkhucongnghiep247.com.vn\/en\/?p=6273"},"modified":"2026-05-11T10:00:03","modified_gmt":"2026-05-11T03:00:03","slug":"industrial-park-companies","status":"publish","type":"post","link":"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/","title":{"rendered":"9 Industrial Park Companies Report Sharp Profit Declines in Q1 2026: Who Is Defying the Downtrend?"},"content":{"rendered":"<h2 data-section-id=\"q55ht1\" data-start=\"102\" data-end=\"159\"><span class=\"ez-toc-section\" id=\"Industrial_park_businesses_lose_momentum_in_early_2026\"><\/span>Industrial park businesses lose momentum in early 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"161\" data-end=\"460\">The business performance of listed industrial park developers in the first quarter of 2026 showed clear divergence. While most companies recorded declines in revenue and profit due to weaker land leasing activities, a few firms still managed to maintain growth thanks to diversified revenue streams.<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6276 size-full\" src=\"https:\/\/datkhucongnghiep247.com.vn\/en\/wp-content\/uploads\/2026\/05\/fcbdaa1e-89a0-49d8-b52f-79f6104688bd.png\" alt=\"industrial-park.webp\" width=\"1536\" height=\"1024\" srcset=\"https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/fcbdaa1e-89a0-49d8-b52f-79f6104688bd.png 1536w, https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/fcbdaa1e-89a0-49d8-b52f-79f6104688bd-768x512.png 768w, https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/fcbdaa1e-89a0-49d8-b52f-79f6104688bd-510x340.png 510w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">M\u1ee4C L\u1ee4C<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Industrial_park_businesses_lose_momentum_in_early_2026\" >Industrial park businesses lose momentum in early 2026<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#1_Kinh_Bac_posts_the_sharpest_decline_with_profit_plunging_71\" >1. Kinh B\u1eafc posts the sharpest decline with profit plunging 71%<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Industrial_land_leasing_revenue_drops_dramatically\" >Industrial land leasing revenue drops dramatically<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#2_Sonadezi_sees_profit_fall_32_as_core_industrial_park_revenue_weakens\" >2. Sonadezi sees profit fall 32% as core industrial park revenue weakens<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Core_business_segment_under_pressure\" >Core business segment under pressure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#3_Becamex_IDC_slows_down_as_industrial_real_estate_weakens\" >3. Becamex IDC slows down as industrial real estate weakens<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Revenue_falls_40_in_the_first_quarter\" >Revenue falls 40% in the first quarter<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#4_IDICO_records_lowest_quarterly_profit_since_2023\" >4. IDICO records lowest quarterly profit since 2023<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#One-time_land_lease_revenue_declines_sharply\" >One-time land lease revenue declines sharply<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#5_SIP_grows_revenue_but_profit_still_declines\" >5. SIP grows revenue but profit still declines<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Rising_costs_erode_earnings\" >Rising costs erode earnings<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#6_Nam_Tan_Uyen_posts_lowest_quarterly_profit_in_eight_years\" >6. Nam Tan Uyen posts lowest quarterly profit in eight years<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Profit_drops_43\" >Profit drops 43%<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#7_Viglacera_emerges_as_one_of_the_few_bright_spots\" >7. Viglacera emerges as one of the few bright spots<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Profit_grows_despite_industry-wide_weakness\" >Profit grows despite industry-wide weakness<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#8_Long_Hau_boosts_profit_thanks_to_land_compensation_income\" >8. Long Hau boosts profit thanks to land compensation income<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Extraordinary_income_supports_earnings\" >Extraordinary income supports earnings<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#9_Tin_Nghia_Industrial_Park_benefits_from_Phuoc_An_Port_partnership\" >9. Tin Nghia Industrial Park benefits from Phuoc An Port partnership<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Profit_rises_85_despite_limited_land_bank\" >Profit rises 85% despite limited land bank<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Many_industrial_park_companies_set_cautious_2026_targets\" >Many industrial park companies set cautious 2026 targets<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Conservative_outlook_dominates_the_sector\" >Conservative outlook dominates the sector<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#What_is_the_outlook_for_Vietnams_industrial_park_sector_in_2026\" >What is the outlook for Vietnam\u2019s industrial park sector in 2026?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Short-term_pressure_remains_significant\" >Short-term pressure remains significant<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/industrialland.com.vn\/en\/industrial-park-companies\/#Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" >Free access to exclusive information on warehouse, factory, and land rentals in Dong Nai, Binh Duong, Long An, Ho Chi Minh City, and more.<\/a><\/li><\/ul><\/nav><\/div>\n\n<p data-start=\"462\" data-end=\"816\">According to market data, major industrial park developers such as <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Kinh B\u1eafc City Development Holding Corporation<\/span><\/span>, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Becamex IDC<\/span><\/span>, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">IDICO Corporation<\/span><\/span>, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sonadezi Corporation<\/span><\/span>, and <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Nam Tan Uyen Industrial Park<\/span><\/span> all posted weaker results in Q1 as industrial land leasing revenue dropped significantly.<\/p>\n<hr data-start=\"818\" data-end=\"821\" \/>\n<h1 data-section-id=\"1ad9axs\" data-start=\"823\" data-end=\"888\"><span class=\"ez-toc-section\" id=\"1_Kinh_Bac_posts_the_sharpest_decline_with_profit_plunging_71\"><\/span>1. Kinh B\u1eafc posts the sharpest decline with profit plunging 71%<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6274\" src=\"https:\/\/datkhucongnghiep247.com.vn\/en\/wp-content\/uploads\/2026\/05\/crawl-20260510124441470.png\" alt=\"industrial-park.webp\" width=\"650\" height=\"272\" srcset=\"https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/crawl-20260510124441470.png 700w, https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/crawl-20260510124441470-510x213.png 510w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"18jrqv7\" data-start=\"890\" data-end=\"943\"><span class=\"ez-toc-section\" id=\"Industrial_land_leasing_revenue_drops_dramatically\"><\/span>Industrial land leasing revenue drops dramatically<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"945\" data-end=\"1053\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Kinh B\u1eafc City Development Holding Corporation<\/span><\/span> recorded the steepest decline among listed industrial park developers.<\/p>\n<p data-start=\"1055\" data-end=\"1216\">In Q1\/2026, the company generated net revenue of nearly VND 1.336 trillion, down 56% year-over-year. Net profit fell sharply by 71% to just over VND 224 billion.<\/p>\n<p data-start=\"1218\" data-end=\"1441\">The main reason was the sharp decline in industrial land and infrastructure leasing revenue. Revenue from this segment reached only around VND 732 billion, compared to nearly VND 2.484 trillion in the same period last year.<\/p>\n<hr data-start=\"1443\" data-end=\"1446\" \/>\n<h1 data-section-id=\"1t417jm\" data-start=\"1448\" data-end=\"1522\"><span class=\"ez-toc-section\" id=\"2_Sonadezi_sees_profit_fall_32_as_core_industrial_park_revenue_weakens\"><\/span>2. Sonadezi sees profit fall 32% as core industrial park revenue weakens<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"141zy46\" data-start=\"1524\" data-end=\"1563\"><span class=\"ez-toc-section\" id=\"Core_business_segment_under_pressure\"><\/span>Core business segment under pressure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1565\" data-end=\"1677\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sonadezi Corporation<\/span><\/span> reported Q1 revenue of nearly VND 1.295 trillion, down 19% year-over-year.<\/p>\n<p data-start=\"1679\" data-end=\"1759\">Net profit dropped even further, declining 32% to approximately VND 336 billion.<\/p>\n<p data-start=\"1761\" data-end=\"1959\">Notably, industrial park business revenue fell sharply to just over VND 237 billion, compared to VND 660 billion in Q1\/2025, reflecting slower industrial land demand in the early months of the year.<\/p>\n<hr data-start=\"1961\" data-end=\"1964\" \/>\n<h1 data-section-id=\"h4q7q3\" data-start=\"1966\" data-end=\"2027\"><span class=\"ez-toc-section\" id=\"3_Becamex_IDC_slows_down_as_industrial_real_estate_weakens\"><\/span>3. Becamex IDC slows down as industrial real estate weakens<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1xuust6\" data-start=\"2029\" data-end=\"2070\"><span class=\"ez-toc-section\" id=\"Revenue_falls_40_in_the_first_quarter\"><\/span>Revenue falls 40% in the first quarter<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2072\" data-end=\"2146\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Becamex IDC<\/span><\/span> ended Q1 with disappointing results.<\/p>\n<p data-start=\"2148\" data-end=\"2292\">Net revenue reached approximately VND 1.105 trillion, down 40% year-over-year, while after-tax profit declined 21% to more than VND 288 billion.<\/p>\n<p data-start=\"2294\" data-end=\"2451\">According to the company, the main cause was the slowdown in industrial real estate activities. Revenue from this segment fell 47% to around VND 754 billion.<\/p>\n<hr data-start=\"2453\" data-end=\"2456\" \/>\n<h1 data-section-id=\"699s9m\" data-start=\"2458\" data-end=\"2511\"><span class=\"ez-toc-section\" id=\"4_IDICO_records_lowest_quarterly_profit_since_2023\"><\/span>4. IDICO records lowest quarterly profit since 2023<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1u6d1mw\" data-start=\"2513\" data-end=\"2560\"><span class=\"ez-toc-section\" id=\"One-time_land_lease_revenue_declines_sharply\"><\/span>One-time land lease revenue declines sharply<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2562\" data-end=\"2740\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">IDICO Corporation<\/span><\/span> posted net revenue of more than VND 1.485 trillion and after-tax profit of nearly VND 338 billion in Q1\/2026, down 17% and 19% respectively.<\/p>\n<p data-start=\"2742\" data-end=\"2806\">This marked the company\u2019s lowest quarterly profit since Q4\/2023.<\/p>\n<p data-start=\"2808\" data-end=\"3100\">The decline mainly stemmed from reduced revenue recognition from industrial infrastructure lease contracts eligible for one-time accounting recognition. In Q1, one-time land lease revenue reached only nearly VND 156 billion, compared to more than VND 364 billion in the same period last year.<\/p>\n<hr data-start=\"3102\" data-end=\"3105\" \/>\n<h1 data-section-id=\"1b1y72v\" data-start=\"3107\" data-end=\"3155\"><span class=\"ez-toc-section\" id=\"5_SIP_grows_revenue_but_profit_still_declines\"><\/span>5. SIP grows revenue but profit still declines<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1cnd4jr\" data-start=\"3157\" data-end=\"3187\"><span class=\"ez-toc-section\" id=\"Rising_costs_erode_earnings\"><\/span>Rising costs erode earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3189\" data-end=\"3378\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sai Gon VRG Investment Corporation<\/span><\/span> recorded net revenue of nearly VND 2.165 trillion, up 12% year-over-year thanks to electricity and water utility services provided to industrial parks.<\/p>\n<p data-start=\"3380\" data-end=\"3484\">However, after-tax profit still decreased 5% to more than VND 334 billion due to rising operating costs.<\/p>\n<p data-start=\"3486\" data-end=\"3559\">Land leasing revenue remained almost unchanged at around VND 117 billion.<\/p>\n<hr data-start=\"3561\" data-end=\"3564\" \/>\n<h1 data-section-id=\"10rgydi\" data-start=\"3566\" data-end=\"3628\"><span class=\"ez-toc-section\" id=\"6_Nam_Tan_Uyen_posts_lowest_quarterly_profit_in_eight_years\"><\/span>6. Nam Tan Uyen posts lowest quarterly profit in eight years<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"12iryi3\" data-start=\"3630\" data-end=\"3649\"><span class=\"ez-toc-section\" id=\"Profit_drops_43\"><\/span>Profit drops 43%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3651\" data-end=\"3732\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Nam Tan Uyen Industrial Park<\/span><\/span> experienced a difficult business quarter.<\/p>\n<p data-start=\"3734\" data-end=\"3855\">Net revenue reached only nearly VND 82 billion, down 39%, while after-tax profit plunged 43% to just over VND 39 billion.<\/p>\n<p data-start=\"3857\" data-end=\"4020\">This was the company\u2019s lowest quarterly profit in the past eight years. The company explained that Q1 only recorded one-time revenue from subleased land contracts.<\/p>\n<hr data-start=\"4022\" data-end=\"4025\" \/>\n<h1 data-section-id=\"hc1kve\" data-start=\"4027\" data-end=\"4080\"><span class=\"ez-toc-section\" id=\"7_Viglacera_emerges_as_one_of_the_few_bright_spots\"><\/span>7. Viglacera emerges as one of the few bright spots<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"jryte4\" data-start=\"4082\" data-end=\"4128\"><span class=\"ez-toc-section\" id=\"Profit_grows_despite_industry-wide_weakness\"><\/span>Profit grows despite industry-wide weakness<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4130\" data-end=\"4269\">In contrast to the broader market trend, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Viglacera Corporation<\/span><\/span> was among the few companies to maintain growth in Q1\/2026.<\/p>\n<p data-start=\"4271\" data-end=\"4374\">Net revenue reached VND 3.274 trillion, up 15%, while after-tax profit increased 8% to VND 321 billion.<\/p>\n<p data-start=\"4376\" data-end=\"4531\">The company stated that positive results came from industrial real estate, autoclaved aerated concrete, sanitary ware, and construction materials segments.<\/p>\n<p data-start=\"4533\" data-end=\"4619\">However, industrial land leasing revenue still declined 41% to nearly VND 716 billion.<\/p>\n<hr data-start=\"4621\" data-end=\"4624\" \/>\n<h1 data-section-id=\"1hweux2\" data-start=\"4626\" data-end=\"4688\"><span class=\"ez-toc-section\" id=\"8_Long_Hau_boosts_profit_thanks_to_land_compensation_income\"><\/span>8. Long Hau boosts profit thanks to land compensation income<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"m5fs3j\" data-start=\"4690\" data-end=\"4731\"><span class=\"ez-toc-section\" id=\"Extraordinary_income_supports_earnings\"><\/span>Extraordinary income supports earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4733\" data-end=\"4840\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Long Hau Corporation<\/span><\/span> reported a 25% decline in net revenue to more than VND 176 billion.<\/p>\n<p data-start=\"4842\" data-end=\"4942\">Revenue from land leasing and ready-built factories dropped sharply by 59% to nearly VND 57 billion.<\/p>\n<p data-start=\"4944\" data-end=\"5115\">Nevertheless, extraordinary income surged to nearly VND 58 billion, mainly from land compensation payments, helping after-tax profit rise slightly to over VND 112 billion.<\/p>\n<hr data-start=\"5117\" data-end=\"5120\" \/>\n<h1 data-section-id=\"127fi19\" data-start=\"5122\" data-end=\"5192\"><span class=\"ez-toc-section\" id=\"9_Tin_Nghia_Industrial_Park_benefits_from_Phuoc_An_Port_partnership\"><\/span>9. Tin Nghia Industrial Park benefits from Phuoc An Port partnership<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"t35jpm\" data-start=\"5194\" data-end=\"5239\"><span class=\"ez-toc-section\" id=\"Profit_rises_85_despite_limited_land_bank\"><\/span>Profit rises 85% despite limited land bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"5241\" data-end=\"5348\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Tin Nghia Industrial Park Development<\/span><\/span> reported after-tax profit of VND 37 billion, up 85% year-over-year.<\/p>\n<p data-start=\"5350\" data-end=\"5519\">As the company\u2019s existing land bank has nearly been fully utilized, most of the profit growth came from cooperation revenue with <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Phuoc An Port Petroleum Investment and Exploitation<\/span><\/span>.<\/p>\n<hr data-start=\"5521\" data-end=\"5524\" \/>\n<h1 data-section-id=\"12ui5py\" data-start=\"5526\" data-end=\"5584\"><span class=\"ez-toc-section\" id=\"Many_industrial_park_companies_set_cautious_2026_targets\"><\/span>Many industrial park companies set cautious 2026 targets<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6275\" src=\"https:\/\/datkhucongnghiep247.com.vn\/en\/wp-content\/uploads\/2026\/05\/crawl-20260510124441836.png\" alt=\"industrial-park.webp\" width=\"637\" height=\"425\" srcset=\"https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/crawl-20260510124441836.png 700w, https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/crawl-20260510124441836-510x340.png 510w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1enfufo\" data-start=\"5586\" data-end=\"5630\"><span class=\"ez-toc-section\" id=\"Conservative_outlook_dominates_the_sector\"><\/span>Conservative outlook dominates the sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"5632\" data-end=\"5716\">Entering 2026, many industrial park developers have adopted cautious business plans.<\/p>\n<ul data-start=\"5718\" data-end=\"6402\">\n<li data-section-id=\"c753jg\" data-start=\"5718\" data-end=\"5824\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Kinh B\u1eafc<\/span><\/span> targets revenue of VND 10 trillion and profit of VND 3 trillion.<\/li>\n<li data-section-id=\"16wb6kt\" data-start=\"5825\" data-end=\"5951\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Viglacera<\/span><\/span> plans record revenue of VND 15.3 trillion but expects pre-tax profit to decline 17%.<\/li>\n<li data-section-id=\"1vnk251\" data-start=\"5952\" data-end=\"6021\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Becamex IDC<\/span><\/span> aims for 10% profit growth.<\/li>\n<li data-section-id=\"8f8jqm\" data-start=\"6022\" data-end=\"6102\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">IDICO<\/span><\/span> expects relatively flat profit growth.<\/li>\n<li data-section-id=\"1syw7yb\" data-start=\"6103\" data-end=\"6177\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sonadezi<\/span><\/span> forecasts profit to fall by 37%.<\/li>\n<li data-section-id=\"hey3a1\" data-start=\"6178\" data-end=\"6251\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sai Gon VRG<\/span><\/span> expects profit to decrease 40%.<\/li>\n<li data-section-id=\"e486lj\" data-start=\"6252\" data-end=\"6326\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Long Hau<\/span><\/span> targets a 43% decline in profit.<\/li>\n<li data-section-id=\"rhh8ig\" data-start=\"6327\" data-end=\"6402\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Tin Nghia Industrial Park<\/span><\/span> forecasts profit to decrease 23%.<\/li>\n<\/ul>\n<p data-start=\"6404\" data-end=\"6634\">Notably, Long Hau recently approved a plan to halt investment in the 200-hectare An Dinh Industrial Park project in Vinh Long Province due to prolonged legal changes and rising implementation costs after five years of preparation.<\/p>\n<hr data-start=\"6636\" data-end=\"6639\" \/>\n<h1 data-section-id=\"1u23rva\" data-start=\"6641\" data-end=\"6708\"><span class=\"ez-toc-section\" id=\"What_is_the_outlook_for_Vietnams_industrial_park_sector_in_2026\"><\/span>What is the outlook for Vietnam\u2019s industrial park sector in 2026?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"ph9w4z\" data-start=\"6710\" data-end=\"6752\"><span class=\"ez-toc-section\" id=\"Short-term_pressure_remains_significant\"><\/span>Short-term pressure remains significant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"6754\" data-end=\"6949\">Q1\/2026 business results indicate that Vietnam\u2019s industrial park sector is facing several short-term challenges, particularly slower land leasing activity and weaker one-time revenue recognition.<\/p>\n<p data-start=\"6951\" data-end=\"7040\">However, in the long term, industrial park developers are still expected to benefit from:<\/p>\n<ul data-start=\"7041\" data-end=\"7294\">\n<li data-section-id=\"96xxxm\" data-start=\"7041\" data-end=\"7097\">The ongoing global manufacturing shift toward Vietnam.<\/li>\n<li data-section-id=\"fz55r\" data-start=\"7098\" data-end=\"7157\">Expanding public infrastructure and logistics investment.<\/li>\n<li data-section-id=\"1cmlpm3\" data-start=\"7158\" data-end=\"7225\">Rising demand for industrial land in key manufacturing provinces.<\/li>\n<li data-section-id=\"192tuq3\" data-start=\"7226\" data-end=\"7294\">The development trend toward green and high-tech industrial parks.<\/li>\n<\/ul>\n<p data-start=\"7296\" data-end=\"7489\" data-is-last-node=\"\" data-is-only-node=\"\">Even so, each company\u2019s growth prospects will largely depend on remaining land reserves, legal approval progress, and the ability to attract foreign direct investment (FDI) in the coming years.<\/p>\n<p data-start=\"5726\" data-end=\"5748\"><strong data-start=\"5726\" data-end=\"5746\">References:<\/strong><\/p>\n<ul data-start=\"5749\" data-end=\"5903\">\n<li data-section-id=\"qg9xo1\" data-start=\"5749\" data-end=\"5815\">\n<p data-start=\"5751\" data-end=\"5815\"><a class=\"decorated-link\" href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_new\" rel=\"noopener\" data-start=\"5751\" data-end=\"5813\">Dat Khu C\u00f4ng Nghi\u1ec7p 247<\/a><\/p>\n<\/li>\n<\/ul>\n<h1><span class=\"ez-toc-section\" id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\"><\/span><span id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" class=\"ez-toc-section\"><\/span><span id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" class=\"ez-toc-section\"><\/span><span id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" class=\"ez-toc-section\"><\/span><strong>Free access to exclusive information on warehouse, factory, and land rentals in Dong Nai, Binh Duong, Long An, Ho Chi Minh City, and more.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><a href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_blank\" rel=\"noopener\"><strong>KHU C\u00d4NG NGHI\u1ec6P 247\u00a0<\/strong><\/a>is a company operating in the field of buying, selling, and leasing factories and real estate<strong>.<\/strong>.\u00a0<a href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_blank\" rel=\"noopener\">We<\/a>\u00a0are proud to be a leading provider of real estate services in Vietnam. We have a team of highly qualified and experienced real estate consultants who always place trust and credibility at the core of everything we do<a href=\"https:\/\/jsc-vietnam.com\/khu-che-xuat-la-gi-vai-tro-va-loi-ich\/\" target=\"_blank\" rel=\"noopener\">.<\/a><\/p>\n<p><strong>Phone:<\/strong>\u00a0<strong>0901 490 348<\/strong><\/p>\n<p><strong>Email:\u00a0<\/strong>datkhucongnghiep247@gmail.com<\/p>\n<p><strong>Website:\u00a0<\/strong><a href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_blank\" rel=\"noopener\">datkhucongnghiep247.com.vn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial park businesses lose momentum in early 2026 The business performance of listed industrial park developers in the first quarter of 2026 showed clear divergence. While most companies recorded declines in revenue and profit due to weaker land leasing activities, a few firms still managed to maintain growth thanks to diversified revenue streams. According to [&#8230;]\n","protected":false},"author":12,"featured_media":6276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","rank_math_focus_keyword":"Industrial Park","rank_math_title":"","rank_math_description":""},"categories":[1],"tags":[],"class_list":["post-6273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc"],"_links":{"self":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts\/6273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/comments?post=6273"}],"version-history":[{"count":1,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts\/6273\/revisions"}],"predecessor-version":[{"id":6277,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts\/6273\/revisions\/6277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/media\/6276"}],"wp:attachment":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/media?parent=6273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/categories?post=6273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/tags?post=6273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}