SAIGON – BAC GIANG INDUSTRIAL PARK JOINT STOCK COMPANY

SAIGON – BAC GIANG INDUSTRIAL PARK JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN KHU CÔNG NGHIỆP SÀI GÒN – BẮC GIANG) is a privately held joint stock company operating in the field of industrial park development and property-related infrastructure in northern Vietnam. Established on 6 April 2005 and registered with the Bac Giang Department of Planning and Investment, the company has accumulated more than two decades of operational experience in industrial real estate and supporting utilities.

The company is headquartered at Lot CC, Quang Chau Industrial Park, Quang Chau Ward, Viet Yen Town, Bac Giang Province, a location that places it at the center of one of Vietnam’s fastest-growing industrial corridors. Its core business focuses on the trading and management of owned or leased industrial land and property use rights, complemented by a wide range of registered construction and infrastructure activities, including power generation and transmission, water supply and wastewater treatment, and the construction of industrial, residential, and civil engineering works.

From a governance perspective, the company is led by General Director Mai T. D., a Vietnamese national. As of the end of 2023, the enterprise employed 55 staff members and maintained an active legal and operational status. Its charter capital and paid-up capital both stood at approximately USD 9.04 million, reflecting a fully contributed equity structure.

Financially, SAIGON – BAC GIANG INDUSTRIAL PARK JOINT STOCK COMPANY recorded a sharp expansion in scale in 2023. Total assets reached approximately USD 321.49 million, representing a year-on-year increase of over 78 percent. Owner’s equity rose to USD 142.11 million, while total sales rebounded strongly to USD 88.04 million after a weaker performance in 2022. Notably, net profit for 2023 amounted to USD 52.79 million, marking a significant recovery and highlighting the company’s capacity to generate high margins during favorable operating cycles.

The company’s financial trajectory over the 2021–2023 period illustrates a pattern of volatility typical of large-scale industrial infrastructure developers, where revenue and profit recognition may fluctuate depending on project timing, land leasing activity, and investment phases. Nevertheless, the strong rebound in both revenue and profitability in 2023 suggests renewed momentum in industrial land utilization and infrastructure-related activities.

Overall, SAIGON – BAC GIANG INDUSTRIAL PARK JOINT STOCK COMPANY stands out as a sizable and financially impactful industrial park developer in Bac Giang Province. Its asset base, profitability profile, and strategic location underline its importance within Vietnam’s industrial real estate ecosystem, particularly as foreign direct investment and manufacturing relocation continue to drive demand for well-developed industrial zones.