Business

Savills Vietnam forecasts growing demand for industrial, office property

Government policies and market forces are expected to propel the real estate sector for continued growth in 2024, with demand in industrial and office leasing segments expected to increase, according to experts from Savills Vietnam.
Savills Vietnam forecasts growing demand for industrial, office property ảnh 1Illustrative image (Photo: VNA)

HCM City (VNA) - Government policies and market forces are expected to propel the realestate sector for continued growth in 2024, with demand inindustrial and office leasing segments expected to increase, according to experts from Savills Vietnam.

The latest report of the company saidhi-tech investment incentives are generating significant demand for industrialreal estate, including warehouses, cold storage facilities, logistics and datacentres. Tax incentives, favourable land policies and streamlined administrativeprocedures have attracted high-tech investors to Vietnam, notably giants fromthe US, the Republic of Korea and Japan. 

To meetthe ever-growing demand, developers have heavily invested in industrial realestate projects, especially in areas with potential in attracting hi-tech projects such as HoChi Minh City, Hanoi, Binh Duong, Dong Nai, Bac Ninh, Bac Giang and Thai Nguyen.

Accordingto Savills Vietnam, the Vietnamese office market has defied the global trend,maintaining a high occupancy rate with stable rental growth. Notably, Ho ChiMinh City stands out as one of the potential office markets in the Asia-Pacific,boasting an occupancy rate of over 90%, while Hanoi also witnesses a highoccupancy rate of 85%.  

Foreignenterprises and technology companies are increasingly interested in Environmental,Social, and Governance (ESG) standards,leading to a growing demand for certified sustainable offices. In Ho Chi MinhCity, around 28% of Grade A office supply is green certified, and it ispredicted that by 2026, 80% of Grade A and B office supply will be certified.

InHanoi, 20% of Grade A office supply was already green certified as of December2023, with an additional 68,400 sq.m of green office space expected from newprojects such as 27-29 Ly Thai To, Grand Terra, and Tien Bo Plaza.

GeneralDirector of Savills Vietnam Neil MacGregor said there is a growing demand for offices insuburban areas where rental prices are lower and commuting to industrial zonesand high-tech parks is more convenient.

By the end of 2026, Grade Aand B office supply in Ho Chi Minh City is projected to increase by anadditional 200,000 sq.m, representing a 20% increase from the current supply.Hanoi is expected to add 220,000 sq.m, up 13% from the existing supply./.

VNA
#Savills Vietnam #Vietnamplus #Vietnam News Agency #ESG standards #office supply #General Director of Savills Vietnam Neil MacGregor Ho Chi Minh City
Follow VietnamPlus

Related News

Office market has positive performance in 9 months

Office market has positive performance in 9 months

Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the first nine months of this year, according to foreign real estate research firms based in Vietnam.
Southern industrial real estate market vibrant in Q3

Southern industrial real estate market vibrant in Q3

The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies.

See more

The MoU signing ceremony between the gency for Domestic Market Surveillance and Development and Procter & Gamble (P&G). (Photo: Ministry of Industry and Trade)

Vietnam steps up fight against counterfeits, IP violations

The renewed memorandum between Vietnam's domestic market surveillance force and Procter & Gamble (P&G) is expected to build on the results achieved since 2023, strengthen IP enforcement, safeguard the legitimate rights and interests of businesses and consumers, and contribute to a more transparent and fair business environment.

A Jatropha cultivation area of Star Japan Co., Ltd in My Son commune, Khanh Hoa province (Photo of Star Japan Co., Ltd)

Vietnam – a potential regional supply hub for Jatropha seed oil

Japan’s research on non-edible oil feedstocks showed that Jatropha is highly drought-tolerant and could grow well on wasteland, eroded sandy land and infertile soil. Given this, areas in central Vietnam, including Ninh Thuan, Binh Thuan and the Central Highlands, have climatic, sunlight and soil conditions suitable for achieving high seed yields and oil content.

Officials launch the Expo Platform on September 29. It will be officially put into use on October 20, two days before the opening of HCMC Export 2026. (Photo: VNA)

Technology opens new routes for Vietnamese exports

As global markets impose increasingly stringent requirements on standards, traceability, sustainability and green transformation, digitalising product data and bringing buyers closer to production sites can help Vietnamese businesses demonstrate their capabilities and meet market-specific requirements.

Phuong Dinh Anh, Deputy Chief of the Office of the Central Coordination Office for the National Target Programme, speaks at the event.( VNA)

Turning OCOP products into rural tourism experiences

Experts stressed that rural tourism can develop sustainably only when local communities actively participate and benefit from it. Investment in transport, accommodation and attractions must go hand in hand with clean water, waste treatment, hygiene, traditional craft preservation and environmental protection.

Prime Minister Le Minh Hung and his Cambodian counterpart Hun Manet witness the exchange of cooperation agreements between businesses of the two countries (Photo: VNA)

Vietnam, Cambodia look to elevate economic links

Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

An overview of the meeting (Photo: chinhphu.vn)

Deputy PM calls for tighter price management of essential goods

Deputy PM Thang, who is also head of the committee, urged ministries and agencies to coordinate closely to deliver effective fiscal and macroeconomic policies. The aim is to control inflation, stabilise the macroeconomy, ensure major economic balances, create room to support growth and bolster the economy’s resilience to external shocks.

Khanh Binh International Land Border Gate in An Giang province.( Photo: VNA)

Vietnam-Cambodia trade gathers pace towards 20 billion USD target

After setting a record of more than 11.3 billion USD in 2025, bilateral trade reached about 8.7 billion USD in the first eight months of 2026, up 8.3% year on year. Vietnam is currently Cambodia’s third-largest trading partner, its second-largest source of imports and second-largest export market.

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.

Construction of technical infrastructure facilities serving APEC 2027 in Phu Quoc Special Zone, An Giang province. (Illustrative photo: VNA)

Vietnam enters investment grade credit rating category for first time

Vietnam has maintained robust growth, outperforming other Southeast Asian economies. Its ongoing government reforms aimed at streamlining the state apparatus, promoting the private sector, improving the institutional framework and developing capital markets will strengthen the country’s growth potential and economic resilience.