HO CHI MINH CITY, Vietnam, Sept. 17, 2026 /PRNewswire/ -- KCN Vietnam Group officially broke ground on its Song Than 3 ready-built development in Ho Chi Minh City, marking the company's latest expansion in Southern Vietnam as demand continues to grow for high-quality, sustainable industrial space.

Located within Song Than 3 Industrial Park, the 21.9-hectare development will deliver a mix of Ready-built Factories (RBF) and Ready-built Hybrid (RBH) facilities. Developed in line with LEED green building standards, the project is designed to support manufacturers seeking faster market entry, greater operational flexibility and more sustainable production environments.

Upon completion, KCN Song Than 3 will add more than 130,000 sqm of premium industrial space to the market. Situated in what was formerly Binh Duong Province, now administratively part of Ho Chi Minh City, the ready-built project is located within one of Vietnam's most established manufacturing and logistics clusters. Its strategic location is expected to enable manufacturers to streamline operations, improve supply chain efficiency and strengthen their competitiveness while benefiting from seamless access to domestic and international trade networks.

In line with Vietnam's policy direction under Politburo Resolution No. 10-NQ/TW, the country is shifting its focus from attracting foreign direct investment (FDI) by volume to prioritising higher-quality investment, particularly in high-value manufacturing, sustainable industries and stronger linkages with domestic enterprises.

As investment priorities evolve, demand for industrial real estate is extending beyond location alone, with manufacturers increasingly seeking developments that offer faster speed to operation, strong connectivity to production and logistics ecosystems, and internationally recognised sustainability standards. This trend is particularly evident in Ho Chi Minh City, which attracted more than USD 6.8 billion in FDI during the first half of 2026, including over USD 2.6 billion invested in export processing zones and industrial parks.

Against this backdrop, KCN Vietnam is expanding its Southern portfolio with the KCN Song Than 3 development to help address growing demand for high-quality industrial infrastructure. Spanning 21.9 hectares, the project offers a combination of Ready-built Factory (RBF) and Ready-built Hybrid (RBH) products, providing manufacturers with flexible space solutions tailored to different operational requirements and future expansion plans. The ready-built model enables occupiers to accelerate operational setup, commence operations more quickly and scale production efficiently as business needs evolve.

Developed in accordance with LEED green building standards, KCN Song Than 3 reflects KCN Vietnam's commitment to delivering industrial facilities that combine operational efficiency, energy performance and environmental responsibility, qualities that are becoming increasingly important for multinational manufacturers when selecting investment locations.

Commenting on the project, Mr Hardy Diec, Chief Operating Officer of KCN Vietnam Group, said: "Manufacturers today prioritise strategic locations, operational flexibility and sustainability. KCN Song Than 3 reinforces our commitment to delivering facilities that help manufacturers grow while supporting Vietnam's next phase of industrial development."

KCN Song Than 3 forms part of KCN Vietnam's broader strategy to expand its industrial platform across Vietnam's key manufacturing hubs, strengthening its ability to support manufacturers as production continues to diversify and global supply chains evolve.

Over the second half of 2026 and early 2027, KCN Vietnam expects to complete additional developments at Ho Nai (Dong Nai), An Phat and Phuc Dien (Hai Phong), adding more than 300,000 sqm of high-quality ready-built industrial space to the market. The continued expansion of KCN Vietnam's portfolio reflects the company's disciplined growth strategy, strong project execution capabilities and long-term commitment to supporting the evolving needs of Vietnamese and international manufacturers.

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ABOUT KCN VIETNAM

Established in 2021, KCN Vietnam Group is a professional industrial property developer in Vietnam. To date, its project portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically situated in industrial zones across Southern and Northern Vietnam, including DEEP C, Phuc Dien & An Phat (Hai Phong), Thuan Thanh 3B & Tan Hung (Bac Ninh), Ho Nai (Dong Nai), Phu An Thanh (Tay Ninh), Song Than 3 (Ho Chi Minh City), with a total land bank exceeding 300 hectares.

KCN Vietnam Group's mission is to develop, design, and manage industrial and logistics infrastructure to meet the growing demand for high-quality industrial real estate for lease, while supporting businesses and promoting Vietnam's sustainable growth.

Looking ahead, KCN Vietnam Group aims to expand its investment portfolio to become the leading industrial real estate platform in Vietnam. Its long-term vision is to position itself as the top choice for businesses, playing a pivotal role in Vietnam's emergence as a sustainable industrial hub on the global stage.

KCN Vietnam Group has been recognized as the Best Industrial Real Estate Developer by Nhip Cau Dau Tu Magazine for three consecutive years (2023-2025) and was named among the Top 50 Sustainable Development Enterprises in 2024 and 2025. Additionally, the group was listed among the Top 10 Leading Real Estate Developers in Vietnam in 2023, 2025 at the Hubexo (formerly BCI Asia Awards).