The 35-year journey of Sonadezi, Vietnam’s first industrial park (IP) enterprise, is closely tied to key milestones and achievements in national renovation, integration, and regional as well as national development.

Throughout its 35-year history, Sonadezi has weathered multiple economic shocks such as the 1997 and 2008 crises, the Covid-19 pandemic, the 2022 energy crisis, and the current period of significant volatility.

In this context, the company’s achievements clearly reflect the Party and State’s sound policies on opening the economy, attracting investment, developing industrial parks, restructuring and reforming state-owned enterprises, as well as strategic directions and support from its owner, Đồng Nai authorities, and many localities.

Imprints of the Renovation Policy and the Company’s Efforts

Following the Renovation (Đổi mới) policy at the 6th National Party Congress in 1986, Vietnam began opening its economy to foreign investment and issued the Law on Foreign Investment in 1987. To establish a centralized industrial park model, in 1990 the Đồng Nai People’s Committee established Bien Hoa Industrial Park Development Company, now Sonadezi Corporation.

The first industrial park in Vietnam invested and developed by Sonadezi

KStarting as the first enterprise to pioneer the industrial park model nationwide, by 2025 Sonadezi and its subsidiaries have invested in 12 industrial parks across Đồng Nai, Ho Chi Minh City, and Lâm Đồng.

Through the success of its industrial parks, Sonadezi has helped Đồng Nai become a leading industrial province, ranking among the top five in Vietnam for FDI attraction.

In 2005, implementing the policy on restructuring, reforming, and developing state-owned enterprises, the Đồng Nai People’s Committee transformed Sonadezi into a Parent–Subsidiary corporate model.

This marked a new phase in Sonadezi’s development—transitioning from an industrial park developer to a diversified corporation building an industrial–urban–service ecosystem, while strengthening its governance and leadership capacity.

Over the past 20 years, Sonadezi and its 17 subsidiaries across four business sectors have built a large-scale ecosystem, providing products and services to over 1,000 FDI and DDI enterprises and millions of residents, contributing significantly to socio-economic development in Đồng Nai and beyond.

Sonadezi’s diverse ecosystem

A solid foundation with consistent growth

Its achievements in industrial park development and ecosystem building demonstrate Sonadezi’s consistent and sustainable growth, with several periods of exceptional expansion since its establishment.

During its first 15 years, Sonadezi made its mark through strong investment performance and outstanding success in multiple industrial parks, laying a solid foundation for future growth.

From 2010 onward, Sonadezi’s consolidated results show strong growth. Between 2010 and 2015, total revenue increased from VND 910 billion to VND 3,575 billion (3.9x growth); post-tax profit rose from VND 120 billion to VND 517 billion (4.3x growth); and equity increased from VND 2,489 billion to VND 6,012 billion (2.4x growth).

Between 2016 and 2024, Sonadezi’s revenue increased from VND 3,822 billion to VND 6,172 billion (1.6x growth); post-tax profit rose from VND 603 billion to VND 1,619 billion (2.68x growth); and equity surged from VND 6,285 billion to VND 10,910 billion (1.7x growth).

Reviewing the entire 2010–2024 period, Sonadezi shows stable growth. Profit growth outpaced revenue growth, reflecting effective cost control and operational optimization. The sharp expansion in equity also demonstrates strong business performance and financial capability.

For the parent company alone, from 2011 to 2024, revenue, post-tax profit, and equity grew 2.56x, 2.6x, and 2.1x respectively, affirming its strong capital efficiency and management capabilities.

Since its UPCoM listing in 2017, Sonadezi has paid cash dividends annually with an upward trend. In 2025, it distributed dividends at 13% (the highest to date), yielding over VND 487 billion for the Đồng Nai People’s Committee—its 99.54% shareholder.

In 2025, Sonadezi achieved approximately VND 6,900 billion in revenue (103.15% of the plan), over VND 1,660 billion in post-tax profit (118.55% of plan), VND 838 billion contributed to the state budget (112.45% of plan), and a return on equity of 18.25%, exceeding the target of 18%.

Sustainable development alongside local and national growth in the new era

At the 1st Congress of Đồng Nai Provincial Party Committee for the 2025–2030 term, Secretary Vu Hong Van emphasized the determination to seize the “golden opportunity” for breakthrough growth, building a green, prosperous, civilized, and modern Đồng Nai, striving to meet key criteria for becoming a centrally governed city.

The Resolution of the Đồng Nai Provincial Party Committee serves as a directive and guideline for the business community—especially state-invested enterprises—to orient development, enhance responsibility, and increase contributions.

Sonadezi aims for sustainable growth alongside local and national development in the new era

Sonadezi leadership stated that for 2026–2030, the corporation will pursue sustainable development aligned with local and national goals, closely following the Resolution of the 1st Congress of Đồng Nai Provincial Party Committee for the 2025–2030 term.

Sonadezi will accelerate the greening of industrial parks, invest in new parks based on green IP models, and attract selective investment. At the same time, it will comprehensively develop its ecosystem to help achieve key provincial targets, such as upgrading inland ports and waterways; ensuring that by 2030, 92% of urban residents receive clean water from centralized systems and 85% of rural residents have access to standardized clean water; and completing at least 65,000 social housing units during 2025–2030.