Japan's Sumitomo Corp. to build its fifth Vietnam industrial park

Trading company sees no major impact from Trump tariffs on project

20250512N sumitomo industrial park vietnam

Sumitomo Corp. is eyeing residential and retail developments near the site of its next industrial park in Vietnam. (Plantec Architects)

KENTO HIRASHIMA

TOKYO -- Japanese trading house Sumitomo Corp. will build its fifth industrial park in Vietnam at a cost of about 17 billion yen ($114 million), with construction to begin later this year and tenants expected to move in around the end of 2026.

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