A strategic partnership agreement was signed between Sumitomo Corporation and CNCTech Group at the former’s headquarters in Tokyo, Japan. The ceremony was graced by Mr. Takashi Yanai, Executive Officer and General Manager of the Business Strategy Division for Sustainable Urban Development of Sumitomo Corporation, and Mr. Nguyen Van Hung, Chairman of CNCTech Group.
Strategic partnership agreement signing between Sumitomo Corporation and CNCTech Group in Japan
This partnership focuses on developing green and smart urban and industrial projects to meet the growing demand for high-quality living and working spaces, while also contributing to the sustainable development of Vietnam.
Mr. Takashi Yanai shared, “Vietnam is a market with great potential and impressive economic growth. We believe that through this collaboration, Sumitomo Corporation and CNCTech will create new values together, contributing to the socio-economic development of Vietnam.”
CNCTech’s project in Thang Long Industrial Park, Vinh Phuc Province
Mr. Nguyen Van Hung stated, “It is a great honor for CNCTech to partner with Sumitomo Corporation. With the combined experience and resources of both corporations, we are committed to developing high-quality projects that meet international standards, elevating Vietnam’s position on the global investment map.”
Sumitomo Corporation is a member of the Sumitomo Group, one of the oldest multinational corporations in Japan with a history spanning over 400 years. With its business philosophy of ‘Contributing to the development of communities and societies worldwide,’ Sumitomo Corporation has been operating in diverse fields, including energy, finance, and industry and infrastructure. In Vietnam, Sumitomo Corporation is a pioneering investor in the industrial real estate sector, with notable projects such as the Thang Long, Thang Long II, and Thang Long Vinh Phuc Industrial Parks. The company’s green and internationally-standardized industrial parks have positively contributed to the sustainable development of the localities.
International Logistics Center project in Bac Giang Province, spanning 67 hectares. This complex includes warehouses, logistics services, distribution centers, exhibition areas, rest stops, hotels, and serviced apartments, strategically located on National Highway 1, the main road connecting Vietnam and China.
CNCTech Group is a dynamic, multi-sector industrial conglomerate in Vietnam. The group started in the industrial manufacturing sector, specializing in precision mechanical processing, mold manufacturing, and technical plastics, and later expanded into automation and oil and gas equipment. With a prudent investment strategy, CNCTech’s products have gradually gained traction with customers from over 15 countries, and its factory system has expanded across many provinces and cities in Vietnam.
Currently, CNCTech is heavily investing in the development of green and smart industrial parks, industrial clusters, and international logistics centers in Vietnam, holding a land fund of over 600 hectares, mainly in Vinh Phuc Province. The group’s high-quality projects are attracting significant interest from investors, with a rapid occupancy rate. For instance, CNCTech’s project in Ba Thien 1 Industrial Park, Vinh Phuc Province, occupied more than 25 hectares in 2023 and over 30 hectares in 2024.
Green and smart industrial park project, Green Park Nam Binh Xuyen, spanning nearly 300 hectares in Vinh Phuc Province, with 50 hectares allocated for the semiconductor industry.
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