- Sector
- Finance
- Industry
- Real estate development
- Address
- Hai Duong Vietnam
- IPO Date
- Nov 10, 2014
- Business
- Viet Nam Rubber Industrial Zone and Urban JSC (UPCoM: VRG) is a Vietnam-based company primarily engaged in industrial real estate development, infrastructure investment, urban property management, and civil engineering construction. Founded in 2005 as an affiliate member of the state-backed Vietnam Rubber Group (VRG), the company is headquartered in Chi Linh City, Hai Duong Province, Vietnam, and operates principally within the northern key economic triangle encompassing Hanoi, Hai Phong, and Quang Ninh. The company provides a comprehensive suite of industrial and municipal solutions organized across systematic product and service categories: Industrial Park Development and Real Estate Leasing, comprising the long-term subleasing of infrastructure-ready industrial land plots, turnkey factory units, standard built-to-suit manufacturing facilities, and warehouse spaces across its flagship 201.43-hectare Cong Hoa Industrial Park; Infrastructure and Utility Operations, consisting of industrial clean water supply, centralized wastewater treatment plant management, high-voltage power substation distribution, urban and industrial public lighting network installation, and on-site estate maintenance; Logistics and Ancillary Services, providing bonded and general warehousing, domestic freight transportation, customs clearance brokerage, and foreign trade documentation services; Construction and Engineering, encompassing civil and industrial building construction, transport infrastructure development, roadway paving, and hydraulic and irrigation works; and Commercial Trading and Resource Exploitation, including the wholesale trade of natural raw rubber products, industrial machinery, building materials, as well as mineral mining and processing. Viet Nam Rubber Industrial Zone and Urban JSC primarily targets domestic manufacturers and multinational foreign direct investment (FDI) enterprises specializing in electronics, semiconductor components, photovoltaic solar equipment, and automotive parts manufacturing. In recent developments, the company has actively pursued land bank expansion through preparation and planning for Phase 2 of the Cong Hoa Industrial Park to capitalize on rising manufacturing shifts to northern Vietnam, while accelerating tenant screening to favor high-technology and eco-friendly industries. Additionally, the company has enhanced its operational wastewater and environmental compliance infrastructure, optimized its leasing portfolio to improve occupancy rates, and sustained disciplined capital returns via recurring cash dividend distributions to shareholders.