Vietnam’s ROX Group Plans Major Industrial Zone Investment in Sri Lanka

Vietnam’s ROX Group is setting its sights on Sri Lanka with plans to develop a large-scale industrial zone, alongside potential ventures in renewable energy and real estate.

On Tuesday (12), President Anura Kumara Dissanayake met a ROX Group delegation led by Advisory Board Chairman and Maritime Commercial Joint Stock Bank Chairman Tran Anh Tuan. The talks focused on securing suitable land and institutional support for the project, according to the President’s Media Division (PMD).

Founded in 1996 and formerly known as TNG Holding Vietnam, ROX Group operates in urban and industrial park development, real estate leasing, hospitality, energy, trade, and banking, with a reported business size of around USD 1.3 billion.

The group’s industrial park arm has attracted over USD 3.5 billion in foreign direct investment from 500+ investors across 22 countries, developing 14 industrial parks covering 3,000 hectares in Vietnam. Its five-year plan includes adding five more industrial parks spanning nearly 5,000 hectares.

ROX Group also has a 300MW renewable energy capacity, 12 hotels with more than 1,300 rooms, and a construction division handling projects from residential towers to industrial infrastructure.

During the meeting, ROX executives cited Sri Lanka’s political stability and improved investment climate as key reasons for their interest. President Dissanayake assured full institutional backing and emphasised that a corruption-free environment now exists in the country.

The delegation confirmed their commitment to proceed with large-scale investments, marking a potential milestone in Sri Lanka–Vietnam economic ties.