Business

Demand for industrial land for rent remains high

The demand for industrial land for rent in Vietnam will remain high this year thanks to policies promoting investment in the country, experts said.
Demand for industrial land for rent remains high ảnh 1Dinh Vu Industrial Park in Hai Phong (Photo: VNA)
HCM City (VNS/VNA) - The demand for industrial land for rent in Vietnamwill remain high this year thanks to policies promoting investment in thecountry, experts said.

Due to short supply, rental prices for industrial land are expected to continueto rise by an average of 8-20% year-on-year in 2023, depending on the region,according to a report by the SSI Securities Corporation.

Last year, industrial real estate rents rose by an average of 10% due to highdemand, according to the report.

Trang Minh Ha, chairman of the North Stars Asia Company, said that in Vietnam,industrial real estate leasing has seen a hike in demand and rental prices,especially for logistics and warehousing.

The industrial land-for-rent market is likely to remain strong over the next 12months, she added.

Demand for industrial land has surged as the occupancy rate in industrial hubshas reached almost 100%, she said.

Many ready-built warehouses, factories and logistics and data centres are beingbuilt in industrial parks (IPs) across the nation, she added.

The average rent for industrial land in the southern region was 159 USD persquare metre in the last quarter of 2022, up 3% over the previous quarter and10% year-on-year, according to global real estate services firm Cushman andWakefield.

The highest rent in Ho Chi Minh City was 300 USD per sqm. The occupancy rateincreased to 92% from 91%. The average rent in Binh Duong and Long An provinceswas 180 USD.

According to the Ministry of Planning and Investment, Vietnam has 292industrial parks with a total land area of 87,100ha and 106 more are underconstruction.

They are home to some 10,000 domestic companies and 11,000 foreign-owned firmsthat have invested over 340 billion USD.

Vietnam continues to be an appealing destination for industrial real estateinvestors, according to Cushman and Wakefield.

The firm attributed this to the country’s stable growth rate, anexport-oriented economy, a young labour force, investment incentives, astrategic location and a positive economic outlook./.
VNA
#demand for industrial land #Vietnamplus #Vietnam News Agency #North Stars Asia Company #industrial real estate leasing Vietnam
Follow VietnamPlus

Related News

Strong supply keeps pouring into the industrial market: JLL

Strong supply keeps pouring into the industrial market: JLL

The supply of industrial property in the south is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according to JLL Vietnam.

See more

WB Senior Environmental Specialist and Task Team Leader Stephen Ling speaks at the working session (Photo; VNA)

Ca Mau, WB cooperate in sustainable fisheries development

Scheduled to run from 2026 to 2029, the project aims to develop the local fisheries sector and deepen global integration, while adapting to climate change and protecting the environment through infrastructure upgrades, technological innovation, and better management and production capacity.

Vice President of the Vietnamese National Assembly Nguyen Hong Dien speaks at the forum. (Photo: Vietnam Trade Promotion Agency)

Tanzanian businesses seek greater cooperation, investment opportunities with Vietnam

Attending the forum during his working visit to Tanzania, Vice President of the National Assembly Nguyen Hong Dien said the two economies were highly complementary. Tanzania has strengths in natural resources, agriculture, energy, its domestic market and its strategic position in East Africa, while Vietnam has advantages in manufacturing and processing, high-tech agriculture, electronics, telecommunications and international trade.

The automatic ticketing system that uses electronic identification, authentication, biometric recognition and cashless payment for passengers on the Cat Linh-Ha Dong railway line in Hanoi. (Photo: VNA)

Cashless payments open gateway to financial inclusion

Cashless payments continued to grow rapidly in the first eight months of 2026. The number and value of cashless transactions rose 34.56% and 13.26% year-on-year, respectively, while online transactions increased 46.57% in number and 21.77% in value.

Ho Chi Minh City attracts more than 17.8 billion USD in FDI in the first nine months of 2026 (Illustrative image. Photo: VNA)

Ho Chi Minh City offers new destinations for FDI flows

The merger of Ho Chi Minh City with Binh Duong and Ba Ria-Vung Tau has opened up a larger development space, enabling the city to reshape its approach to attracting foreign investment. In particular, Resolution No. 10-NQ/TW of the Politburo sets out clear orientations for developing the foreign-invested economic sector, providing a basis for shifting the focus from the amount of investment capital to the quality of investment.

Vietnam exports about 1.4 million tonnes of coffee worth 6.54 billion USD in the first nine months of 2026. (Photo: VNA)

Vietnam seeks to boost value, expand markets for coffee sector

Acording to VICOFA, Vietnam needs to focus on exporting green coffee beans that meet EUDR criteria, particularly as compliance levels among some other producing countries remain low. At the same time, it should develop specialty and organic coffee lines as well as deeply processed products to serve the premium segment in Europe.

Part of Khanh Hoa province in central Vietnam (Photo: VNA)

Malaysian economist upbeat about Vietnam’s growth outlook

Among ASEAN’s “Fabulous Five”, namely Vietnam, Malaysia, Indonesia, Thailand and the Philippines, Vietnam demonstrates how industrial depth and effective investment can underpin rapid growth, Shan Saeed said, noting strong investment momentum.

Automobile production at the Honda Vietnam factory in Vinh Phuc ward, Phu Tho (Photo: VNA)

Vietnam’s auto market accelerates amid growing electrification trend

According to data released by PwC in late September, total vehicle sales across the six ASEAN-6 markets, namely Vietnam, Indonesia, Thailand, Malaysia, the Philippines and Singapore, reached about 1.755 million units in the first half of 2026, up 11% year on year. Vietnam recorded the highest sales growth in the group at 31.1%, followed by Indonesia at 15.9% and Thailand at 15.1%.

The headquarters of the Vietnam International Financial Centre in Da Nang (Photo: VNA))

VIFC-DN gradually establishes position on global financial centre map

According to Dang Dinh Duc, Standing Vice Chairman of the VIFC-DN Executive Agency, the ranking marks an important milestone, reflecting the foundations that VIFC-DN and Da Nang authorities are gradually building to connect with international capital flows, institutions and markets.

Quy Nhon Port, located in Quy Nhon Bay of Gia Lai province, offers highly favourable conditions for vessel anchoring and cargo handling throughout the year. (Photo: VNA)

Vietnam Logistics Forum 2026 to be held in early November

The Vietnam Logistics Forum 2026 will take place on November 6-7 in Gia Lai province, bringing together management agencies, local authorities, associations, experts and businesses to identify opportunities and challenges and discuss logistics development solutions suited to the new period.

VCCI Chairman Ho Sy Hung speaks at the Vietnam Corporate Sustainability Forum (VCSF) 2026 in Hanoi on October 5, 2026. (Photo: VNA)

Vietnam’s corporate sustainability forum calls for new growth paradigm

Breakthrough growth and sustainable development should be pursued as a shared journey in which the State creates an enabling environment, localities support businesses, enterprises take the pioneering role, science and technology provide momentum, and society as a whole participates.