Industrial developer SLP has held a groundbreaking ceremony for its latest ready-built factory (RBF) project, SLP Park Tien Du. Located in the Dai Dong Hoan Son Industrial Park in Bac Ninh province, the development started on 20 March. This site represents a significant expansion for the firm as it delivers its eighth project in Vietnam. It also strengthens its presence in Bac Ninh, which is one of the most competitive manufacturing clusters in the country.

The province remains a major draw for foreign direct investment, ranking third in Vietnam during 2025 with $18.5 billion in capital. The new project is positioned within 30km of the central business district in Hanoi. This location provides tenants with access to established supplier networks and a large pool of skilled technical talent. Transport links are a primary feature of the site, with proximity to the Hanoi–Bac Giang Expressway and National Road 18.

Spanning a total gross floor area of 74,414 square metres, the Grade-A complex will consist of eight single-storey buildings. Individual units will range from 2,800 to 3,600 square metres to offer flexibility for different production scales. Technical specifications include a floor loading capacity of 2–3 tonnes per square metre and an eight-metre clear height. The project also includes a two-storey customer service centre to support onsite staff.

Sustainability is a core focus for the development, which is targeting LEED Gold certification. Environmental features include sustainably sourced materials and a 130 kWp rooftop solar system. The site will also feature electric vehicle charging stations and water-efficient fixtures. These elements are designed to reduce the environmental footprint and heat island effects of the facility.

“Based on SLP’s leasing performance across our portfolio in 2025, we are accelerating the construction and development of SLP Park Tien Du to meet increasing customer demand and expand our service capabilities. On completion, the project will deliver high-quality, operational-ready manufacturing infrastructure, helping customers move faster from setup to production,” said Dinh Hoai Nam, principal and head of leasing at SLP.

In 2025, SLP recorded a portfolio lease ratio exceeding 97 per cent. The company operates as part of the global alternative investment manager Ares Management Corporation. Through its One-Stop Service Station framework, SLP provides tenants with support for licensing, labour sourcing and operational preparation.