TTC reaping rewards for IZ and logistics endeavours

Strategic moves have successfully shifted the economic structure towards industrialisation, emphasising ecological practices and replicating eco-friendly models across industrial zones (IZs) and clusters.

TTC IR aims to achieve a green and sustainable economy

Therefore, Thanh Thanh Cong Industrial Real Estate’s (TTC IR) sustainable development report for 2023 was considered a positive signal towards achieving a green and sustainable economy.

In 2023, Saigon Ratings announced the IZ’s credit rating at “vnA” with a “Stable” outlook. In early 2024, the IZ received the honour of “top 10 industrial real estate projects with most potential in 2024” in a ranking programme organised by Reatimes and the Vietnam Institute for Real Estate Research.

This recognition was based on direct voting by Reatimes.vn readers and a council consisting of independent experts in economics, law, architecture, and more.

The core development of TTC IR is Thanh Thanh Cong IZ, which ranks as the second-largest provider of industrial real estate products and services in Tay Ninh province.

It consists of 760 hectares of industrial land, 75ha of residential area, inland ports, and solar power farms. With the development orientation towards the smart eco-IZ model, it applies technology in managing and operating IZs to conserve resources, save energy, and prioritise environmental management and green landscapes.

Evaluated as one of the largest IZs in Vietnam, Thanh Thanh Cong IZ boasts a 95 per cent occupancy rate, surpassing the industry average of 82 per cent. Developed harmoniously with production and business activities, environmental protection, and social environment, it maintains a model status in the Southern Key Economic Region.

The IZ is currently an ideal investment destination for nearly 100 domestic and foreign enterprises, providing employment for over 30,000 local workers. It significantly contributes to the state budget and serves as a crucial driver for the economic and service sectors’ development in the local area and regionally.

Looking towards 2025 and beyond, TTC IR plans to further expand its existing IZs and invest in new zones in Long An and Tay Ninh. The forecasted annual growth rate for industrial leasing revenue is expected to reach 22 per cent during the 2023-2025 period.

TTC IR owns a network of fully-equipped warehouse activities across 690,000 sq.m throughout localities such as Tay Ninh, Ho Chi Minh City, Long An, Binh Duong, and Ba Ria-Vung Tau, conveniently connected to logistic hubs, international ports, and airports.

It provides optimal storage solutions for businesses through services for leasing warehouses and ready-built factories, warehouse leasing and collateral/consignment management, cargo handling, and utilities services.

In 2023, TTC IR also developed a high-end warehouse system in Tra Noc IZ in the Mekong Delta city of Can Tho, as well as a warehouse system in the northern city of Haiphong.

Bringing the projects into operation will contribute to diversifying service products and increasing stable revenue from leasing activities, the company said.

Regarding inland ports, TTC IR also owns Thanh Thanh Cong port and Ben Keo port in Tay Ninh province. The facilities include a dock capable of accommodating vessels up to 1,000 DWT, barges with a capacity of 2,000 DWT, and self-propelled barges transporting up to 84 TEUs.

As a member of TTC Group, TTC IR was established from the merger of Thanh Thanh Cong Industrial Zone JSC and Dang Huynh Industrial Zones Exploitation And Management JSC.

With over 16 years of experience in industrial real estate and logistics, along with a team of professional, dynamic, and reputable staff, TTC IR provides comprehensive solutions through diverse products and services.

It is also a trusted partner of major domestic and international corporations from South Korea, China, Japan, Singapore, several EU nations, and more.

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