CNCTech Complex at Thang Long Vinh Phuc Industrial Park

At the signing ceremony, a representative of Sumitomo Corporation said: “Sumitomo is honored to cooperate with CNCTech Group, a dynamic and prestigious partner in Vietnam. This cooperation will open up many opportunities for both parties to develop sustainably and contribute to the prosperity of the region.”

Sumitomo Corporation is a member of Sumitomo Group, one of the oldest multinational corporations in Japan with over 400 years of history. Contributing to the sustainable development of the community and the world as its business motto, Sumitomo Corporation is engaged in many fields, including energy, finance, industry and construction. In Vietnam, the firm is a pioneering investor of industrial real estate, featuring such projects as Thang Long Industrial Park, Thang Long II Industrial Park and Thang Long Vinh Phuc Industrial Park. Its green industrial parks of international standard actively contribute to sustainable local development.

Meanwhile, CNCTech Group is also a dynamic general industrial group in Vietnam. CNCTech started with industrial manufacturing such as precision mechanical processing, mold manufacturing and engineered plastic manufacturing and then gradually expanded to automation, oil and gas equipment. With its reasonable investment strategy, CNCTech's products have gradually conquered customers in more than 15 countries while its factory system has expanded in many provinces and cities of Vietnam. Currently, CNCTech is investing a lot in developing green and smart industrial parks and international logistics centers in Vietnam on a combined land area of over 600 ha, mainly in Vinh Phuc province.

Mr. Nguyen Van Hung, Chairman of CNCTech Group, emphasized: “The cooperation with Sumitomo Group is an important step for CNCTech's globalization strategy. We believe that the combination of the two sides' capabilities and experience will create different values, not only for customers but also for Vietnamese and regional industries.”

Sumitomo Corporation and CNCTech aim to develop green, smart urban and industrial zones, enhance living and working spaces, and deliver innovative solutions to meet customer and partner needs. Their upcoming strategic products are expected to drive Vinh Phuc's economic growth and support its goal of becoming a leading high-tech industrial hub in Vietnam.