Recently, in a meeting and working with leaders of Nam Dinh Provincial People’s Committee, Mr. Akito Shiraishi, Deputy General Manager of Sumitomo Group’s Logistics Infrastructure Business Department (Sumitomo) said that the Group and Thang Industrial Park Co., Ltd. Long will research and invest in an industrial park project with a scale of more than 300 hectares in Nam Dinh.

Leaders of Nam Dinh province also expressed their wish that the business side would study and invest in the project soon. The locality affirmed that it always creates all conditions to welcome investors and actively cooperates to ensure that investors’ requirements are met within the allowed regulatory framework.

Sumitomo Corporation was established in 1919 and invested in Vietnam since 1997 with the establishment of Thang Long Industrial Park. In addition, Sumitomo also invests in developing Thang Long II Industrial Park in Hung Yen, Thang Long Vinh Phuc Industrial Park in Vinh Phuc Province; with a total area of ​​over 1,012 hectares and total investment capital of 404.1 million USD. In addition, this enterprise is also cooperating with BRG Group to develop a smart urban area north of Hanoi with a total investment of 4.2 billion USD.

Since the beginning of 2023, Sumitomo has had many business expansion activities in Vietnam.

Last July, Sumitomo Corporation signed a memorandum of understanding with Thanh Hoa province on the implementation of the industrial park project in the West of Ho Chi Minh City. Thanh Hoa in Thanh Hoa province with an expected development area of ​​650 hectares and a total project investment capital of about 400 million USD (equivalent to about 9,500 billion VND). The project is expected to be implemented in the period 2024 - 2025.

Earlier, at a meeting with the People’s Committee of Hung Yen province, a representative of Sumitomo said that the group plans to invest in expanding phase 4 of Thang Long Industrial Park II, after completing phase 3 of the project.

In addition, Sumitomo is also deeply involved in the banking and finance sector in Vietnam. Sumitomo Mitsui Banking Corporation (SMBC) - a member of Sumitomo - is about to be privately issued 15% of shares by VPBank, after acquiring 49% of FE Credit capital from this bank at the end of 2021.

SMBC in early 2023 decided to withdraw capital from Vietnam Export-Import Commercial Joint Stock Bank - Eximbank (HoSE: EIB) and reduce its capital ownership ratio in EIB to less than 5%, after 16 years as a strategic shareholder at home. this tape (2007).

The partner wants to invest with Sumitomo in an industrial park in Nam Dinh - Thang Long Industrial Park Co., Ltd was established in May 2008, headquartered in Thang Long Industrial Park, Kim Chung Commune, Dong Anh District, Ho Chi Minh City. . Hanoi. As of February 2023, the charter capital of Thang Long Industrial Park is nearly 391.6 billion VND. The shareholder structure includes: Dong Anh Licogi Mechanical Joint Stock Company (42%) and Summit Global Management II BV (58%) - another member of Sumitomo.

On the side of Dong Anh Licogi Mechanical Joint Stock Company, this is a subsidiary of Licogi Corporation - JSC. At the end of the second quarter of 2023, Licogi holds 89.06% of Dong Anh Licogi’s capital.

Currently, Thang Long Industrial Park is researching to invest in infrastructure of the technology - urban - service zone in the west of Ho Chi Minh City. Thanh Hoa. The project is located about 11.2 km west of the current center of Thanh Hoa city, the planned location of this new technology zone belongs to the communes: Dong Thang, Dong Loi, Dong Tien (Trieu Son); Dong Yen, Dong Van, Dong Thinh (Dong Son) and Dong Tan commune, An Hung ward (Thanh Hoa city).