Hai Phong sustainable industrial powers up with new project from Core5 Vietnam
Hai Phong, November 4, 2025 – Indochina Kajima, the joint-venture between Indochina Capital and Kajima Corporation, and ITOCHU Corporation held the groundbreaking ceremony for Core5 Vietnam’s second industrial project in Hai Phong at Deep C 2 Hai Phong Industrial Zone. The project will deliver approximately 80,000 sqm of world-class ready-built factory for lease, handover expected in Q1/2027.
Core5 Hai Phong Phase 2 is an expansion of Core5’s first project in Vietnam, leveraging its strategic location, only 20-25 minutes from Dinh Vu port and Lach Huyen Deep Sea port, 30 minutes from Cat Bi International Airport, and 2h from Hanoi CBD. Enabling seamless logistics and convenient domestic and international travel, the project provides international standard accommodation for ready-built factories for lease with terraced and mezzanine design, ranging from 2,994 sqm to 24,912 sqm.
Each unit is equipped with necessary utilities connections, the latest firefighting and protection system, a depressed dock in an enclosed docking bay, 24/7 security, CCTV and Core5 Vietnam signature curved curtain wall office.
With sustainability embedded in the Core5 DNA, Core5 Hai Phong Phase 2 supports tenants’ ESG strategies by following LEED Silver certified green building design: energy efficiency from construction to operations, full solar rooftop planned for the project, EV chargers available and well landscaped, designated health & wellness areas with greenery and water features to ensure wellbeing for all tenants and employees.
Core5 Vietnam offers a one-stop solution, supporting tenants in market entry, supply chain study, pre-and-post licensing services, customization of the leased area, and in accounting and business development to ensure seamless business operations for tenants and partners.
The assets are also managed by Indochina Kajima’s in-house facility management team, enabling timely response to maintenance issues, tailored solutions, and added-value based on long-term relationships and understanding of tenants’ businesses, driven by exceptional local know-how.
At the groundbreaking ceremony, Peter Ryder, Executive Chairman, Indochina Capital shared “Our expertise in luxury hospitality and our attention to architectural excellence provide a signature value offering for Core5 industrial assets. Core5 Hai Phong Phase 2 is the next step in our journey of delivering a comprehensive, customizable solution for tenants looking for high-quality, sustainable, flexible property solutions for accelerated expansion and efficient business operations.
From 2025 to 2030, Hai Phong has plans to complete the development of international gateway ports at Lach Huyen and Nam Do Son, while implementing a free trade zone linking seaports to road, rail and air networks, and both phases of Core5 Hai Phong, along with our Wink Hotel Hai Phong, will support the city in this path on becoming a modern international logistics hub.”
“The second phase of Core5 Hai Phong is also designed to provide flexible, high-quality rental factory spaces that meet the diverse needs of global enterprises as well as medium and small-sized companies. ITOCHU is a conglomerate engaged in a wide range of business fields, including the development and operation of Lach Huyen Port. In the real estate sector, we have extensive experience in industrial properties both in Japan and overseas. Leveraging our comprehensive business expertise and global corporate network, ITOCHU will contribute to maximize the value of this project, supporting our tenant business growth and generating new jobs as well as further economic and industrial development for Hai Phong City.” Shared Kamikawa Tatsuya, General Director, ITOCHU Vietnam.
Ready-built factories in Vietnam have gained popularity recently, reflected in Core5 Vietnam’s portfolio with projects in Quang Ninh and Hai Phong Phase 1 fully leased, while Core5 Hung Yen at an 80% occupancy rate.
In addition to Hai Phong Phase 2, Indochina Kajima is also developing a double-phased Core5 Phu Tho, and planning for Core5 Quang Ninh Phase 2 and Core5 Hai Phong Phase 3.
