On November 5, 2026, IDICO Corporation – JSC (IDICO) participated in the November edition of HSC Connecting to Customers (C2C), under the theme “IDC – Proactive Adaptation, Building Growth Momentum.” Representing IDICO, Ms. Tran Huyen Yen Phuong, Deputy Director of Strategic Development, shared insights into Vietnam’s industrial real estate market, IDICO’s competitive advantages and growth prospects.
Organized by Ho Chi Minh City Securities Corporation (HSC), C2C is a seminar series connecting listed companies, analysts and investors to discuss economic developments, industry trends and corporate outlooks. The November session focused on FDI trends, industrial real estate and IDICO’s business strategy.
A More Selective FDI Landscape Favors Quality Industrial Parks
FDI continues to create opportunities for Vietnam’s industrial real estate market, while manufacturers are placing greater emphasis on infrastructure quality, land availability, supporting services and production standards, alongside location and rental rates.
With over 25 years of development, IDICO has a portfolio of 14 industrial parks covering over 4,500 hectares, hosting more than 400 domestic and international businesses with total registered investment exceeding USD 9 billion.
IDICO currently offers over 90 hectares of developed land at IDICO Huu Thanh Industrial Park, with plot sizes ranging from approximately 1 hectare to over 3 hectares. IDICO Phu My II Industrial Park has approximately 50 hectares available for supply, located about 1 km from the Cai Mep port cluster.
An Integrated Industrial Ecosystem Diversifies Revenue Streams
IDICO’s ecosystem is built around four strategic pillars: Industrial Real Estate, Energy, Industrial Park Services, and Residential & Urban Development. These complementary businesses enable IDICO to provide integrated infrastructure, services and amenities throughout customers’ investment and operational journeys.
In the first nine months of 2026, electricity, water, industrial park services and BOT operations contributed approximately 63% of IDICO’s net revenue, providing income from existing infrastructure operations alongside industrial land leasing.
As of September 30, 2026, unearned revenue reached approximately VND 5,593 billion, primarily from signed industrial land lease agreements, recognized over the remaining lease terms.
New Industrial Land Reserves to Support Growth from 2027
IDICO is preparing approximately 1,400 hectares of new industrial land, expected to be progressively brought into operation during 2027–2030. The pipeline includes IDICO Tan Phuoc 1, IDICO Vinh Quang, IDICO My Xuan B1 expansion and IDICO Phu Long Industrial Parks.
The company also targets approximately 1 million square meters of ready-built factories and warehouses, expanding its product portfolio to serve manufacturers and logistics businesses with flexible facility solutions.
Prudent Financial Management and Balanced Shareholder Returns
With more than VND 6,600 billion in cash and bank deposits, supported by cash flows from existing operations, IDICO maintains financial flexibility to fund new projects while managing reliance on external financing.
IDICO distributed a total dividend of 40% for 2025, comprising 30% in cash and 10% in shares. For 2026, the company has indicated a dividend orientation of approximately 40%, combining cash and share dividends, subject to business performance and approval by the competent authorities.
Through HSC Connecting to Customers, IDICO shared its business performance, development strategy and growth outlook with investors, while addressing key market interests through discussion and Q&A.
As IDICO expands its industrial ecosystem and prepares new growth drivers, ongoing engagement with the capital market remains important to strengthening transparency, fostering investor understanding and supporting long-term value creation.
