On June 23, 2025, in Mai Dinh Commune, Soc Son District, Hanoi, ASG Infrastructure and Industrial Zone Development Company Limited (ASGI) — a subsidiary of ASG Corporation — officially broke ground on the infrastructure construction project of the CN2 Industrial Cluster.
This is not only a strategic step in ASG Corporation journey to complete its integrated service ecosystem, but also one of the largest industrial cluster projects in the capital, contributing to realizing the vision of sustainable and modern industrial development in Soc Son District and Hanoi at large.
The investor, ASG Infrastructure and Industrial Zone Development Company Limited (ASGI), is one of the three pillars of ASG Corporation (stock code: ASG – HOSE), a well-established name in the market. As of 2025, ASG Corporation comprises 22 member companies, employs more than 2,000 staff nationwide, with consolidated revenue reaching nearly VND 2,000 billion in 2024 and total assets surpassing VND 3,000 billion.
Before its restructuring in 2019, ASG Corporation was widely known for its warehousing and transportation systems tailored to air cargo, serving tech giant Samsung Vietnam at the SEVT plant in Thai Nguyen.
In 2018, through the acquisition of Cam Ranh International Airport Services Joint Stock Company (CIAS, stock code: CIA – HNX), ASG Corporation officially expanded into the airport ground services and terminal utilities sector. These services were operated by CIA and its subsidiary at the time, Aviation Ground Services Co., ltd (AGS), at Cam Ranh International Airport. Since then, the aviation service segment has grown steadily, with service points at key airports such as Tan Son Nhat, Noi Bai, Hue, and Lien Khuong,etc.
In September 2020, ASG Corporation was officially listed on HOSE, declaring its three core business pillars: logistics services, airport services, and industrial infrastructure development. In May 2022, through its subsidiary ASG Logistics Joint Stock Company (ASGL), ASG Corporation executed a high-profile M&A deal, becoming the parent company of VINAFCO JSC (VFC – Upcom), a nearly 40-year veteran in Vietnam’s logistics industry — a crucial piece to complete ASG Corporation integrated logistics chain built upon its existing platforms.
The commencement of CN2’s infrastructure development on June 23, 2025 marks the materialization of ASG Corporation third pillar — industrial infrastructure investment — within its comprehensive business strategy. The CN2 Industrial Cluster spans approximately 505,950 m² (50.59 hectares), with a total investment of nearly VND 1,000 billion. Strategically located just 30 km from central Hanoi, it lies near major Northern industrial complexes such as Samsung Bac Ninh (23 km) and Samsung Thai Nguyen (30 km). CN2 is expected to generate a strong financial return from leasing out about 35 hectares of developed land, while also reinforcing ASG Corporation logistics capabilities by providing ample space for the realization of modern integrated logistics centers and distribution hubs — all within just 5 km of Noi Bai International Airport. With aviation service ecosystem continuing to expand at Noi Bai, the CN2 Industrial Cluster will become a key enabler of ASG Corporation long-term competitive advantage.
In addition to its prime proximity to Noi Bai International Airport, CN2 offers compelling advantages for secondary investors: modern transportation infrastructure with synchronized regional connectivity, ensuring smooth circulation for all types of freight and heavy-duty vehicles.
Each industrial lot at CN2 has a minimum area of 2,000 m², a maximum construction density of 70%, and permissible building height up to 35 meters — enhancing the efficiency of Hanoi’s industrial land use. The project features a fire safety system meeting national standards and a centralized wastewater treatment station using advanced technology with a capacity of 1,250 m³/day.
Furthermore, ASG Corporation plans to establish an integrated logistics center at CN2 — distilled and elevated from its existing service ecosystem — offering exceptional utilities to secondary investors, becoming one of the project’s most attractive features.
Once operational, CN2 is expected to create around 4,500 jobs, contribute to the local budget, and support the economic restructuring process. As a green, clean, and modern industrial cluster, CN2 prioritizes high value-added sectors such as aviation services, logistics, and support services for Noi Bai International Airport; mechanical assembly; electronics; industrial equipment manufacturing; processing and supporting industries,etc.
In the context of Vietnam’s on going administrative restructuring, Soc Son District will be reorganized into five new commune-level administrative units. Among them, the new Soc Son Commune — where CN2 is located — is set to become the central hub for infrastructure, urban development, industrial expansion, and logistics in the region.
Moreover, with Vietnam’s industrial real estate market entering a new growth phase, CN2 is expected to become a significant driver of quality supply in the North. Experts have also highlighted that a well-planned industrial cluster with seamless airport connectivity and proximity to high-tech production hubs will be a major plus for foreign direct investment (FDI) and strategic investors looking to capitalize on the on going manufacturing shift.
