Business

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.
Southern industrial real estate market vibrant in Q3 ảnh 1A view of some industrial establishments in Thu Duc city of Ho Chi Minh City (Photo: VNA)

HCM City (VNA) - The industrial real estate market in the south was vibrant and thrivingin the third quarter, with many ready-built factories and warehouses entering themarket, according to real estate research companies.

CEO of Cushman & Wakefield Trang Bui said after about 2-3 years without new industrial land supply in the southern key economic region, the third quarterof 2023 witnessed new supply from Long An with the entry of the Nam Tan TapIndustrial Park developed by Saigontel, which contributed roughly 171ha to themarket.

The average occupancy rate reached nearly 82%, equivalentto a net absorption of 116ha, representing a quarterly increase of 66%. Long Anand Ba Ria - Vung Tau provinces recorded the highest net absorption rates, with59% and 28%, respectively.

It was attributed to the recovery of industrial productionsector.

Cushman & Wakefield forecast that between now and 2026, the future supply is estimated ataround 5,700ha, mainly coming from Binh Duong, Dong Nai, Long An, and Ba Ria -Vung Tau provinces. Amid high demand, land rental prices are expected tocontinue the upward trend.

It said the outlook for the ready-built factory market willremain vibrant, with approximately 2.5 million sq.m of ready-built factoryspace introduced to the market from late 2023 to 2026, with the participationof both domestic and foreign investors. The absorption rate is also expected tocontinue increasing in the coming quarters, benefiting from the relocation ofmanufacturing facilities from China to Vietnam.

The ready-built warehouse sector also noted the entry oftwo new projects into the market in Dong Nai and Binh Duong provinces, with atotal area of some 110,000 sq.m.

John Campbell, Associate Director and head of theIndustrial Services Department at Savills Vietnam, said as of 2023, Vietnam hasa total of 397 IPs covering a total land area of 122,900 ha. Of which, 292 IPs covering more than 87,100ha are operating, while 106 others are underconstruction with a total area of 35,700ha.

IPs across the country have high occupancy rates of over 80%.The northern provinces record 83% while the southern region 91%.

According to him, the scarcity of land supply and rising land prices aredriving the trend towards developing multi-story factories and warehousesoutside Ho Chi Minh City, in order to optimise land investment costs./.

VNA
#real estate #industrial real estate #Cushman & Wakefield #southern key economic region #Savills Vietnam #warehouses #industrial production #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Bank loans to real estate business rise in H1 2023

Bank loans to real estate business rise in H1 2023

Outstanding loans to the real estate sector in the first half of 2023 surged by 17.4%, exceeding the 10.7% growth rate of the whole of 2022, according to data from the State Bank of Vietnam (SBV).
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.

See more

Prime Minister Pham Minh Chinh chairs the third meeting of the steering committee for national key railway projects. (Photo: VNA)

PM urges swift, accountable implementation of key railway projects

As head of the steering committee, PM Chinh reiterated the strategic direction outlined in the 13th National Party Congress, which emphasises the need to continue three strategic breakthroughs, with priority given to railway development and starting work on several sections of the North–South high-speed railway, improving transport connectivity with economic zones, industrial parks, seaports, and airports, and accelerating the pace of urban railway projects in Hanoi and Ho Chi Minh City.

Workers produce textile and garment for export. (Illustrative photo: VNA)

Israeli firms step up sourcing from Vietnam

The conflicts have caused serious disruptions to Israel’s external supply chains, leading to greater demand for a wide range of imported goods. As a result, Israeli enterprises are intensifying efforts to diversify sources of supply, including from Vietnam, to meet domestic consumption needs.

An overview of the seminar. (Photo: VNA)

Traceability emerges as a key to sustainable digital economy

Scandals involving counterfeit goods, unsafe food and substandard pharmaceuticals not only cause economic losses but also erode public trust. On a global scale, verification and traceability are among the top criteria that businesses must maintain to ensure credibility, enhance competitiveness and meet stringent international trade standards.

Vietnamese Ambassador to Japan Pham Quang Hieu speaks at the dialogue. (Photo: VNA)

Vietnam-Japan business dialogue boosts cooperation prospects

The dialogue offered Japanese businesses an opportunity to gain the most updated insights into Vietnam’s socio-economic landscape as well as its new policies, and to exchange views on potential future collaboration in various sectors.

By June 2025, total credit had reached over 17.2 quadrillion VND (658.43 billion USD), up 9.9% from end-2024 and 19.32% year-on-year—the highest growth rate since 2023 (Photo: VNA)

Central bank rolls out measures to support economic growth

By June 2025, Vietnam's total credit had reached over 17.2 quadrillion VND (658.43 billion USD), up 9.9% from end-2024 and 19.32% year-on-year—the highest growth rate since 2023—signalling strong recovery in manufacturing, agriculture, and supporting sectors.

UOB raises Vietnam’s GDP growth forecast to 6.9% for 2025 - Illustrative image (Photo: VNA)

UOB raises Vietnam’s GDP growth forecast to 6.9% for 2025

According to a report released by UOB's Global Economics & Market Research Unit released on July 8, Vietnam’s real GDP grew by a robust 7.96% year-on-year in the second quarter of 2025, significantly exceeding Bloomberg’s forecast of 6.85%, UOB’s projection of 6.1%, and the revised growth figure of 7.05% in the first quarter.

Vietnam Airlines JSC (HVN) receives approval from the State Securities Commission of Vietnam to issue 900 million shares at 10,000 VND apiece. (Photo: VNA)

Vietnam Airlines receives approval for major share issuance

The planned issuance is expected to raise roughly 9 trillion VND (equivalent to 344.53 million USD), providing the national carrier with additional capital to improve liquidity, reinforce its financial foundation, and advance its post-pandemic recovery and growth strategy.

Passengers board a Vietnam Airlines flight (Photo: VNA)

Vietnamese aviation industry takes off

According to the Civil Aviation Authority of Vietnam (CAAV), in the first half of 2025, Vietnam's aviation industry served 41.3 million passengers, representing a 10% increase compared to the same period in 2024. Notably, the international market accounted for 23 million passengers, up by 13%, while the domestic maintained a steady 7% growth with 18.4 million passengers.

Illustrative photo (Source: VNA)

Vietnam telecom giants step up 5G commercialisation, expansion

The country’s three major network providers – Viettel, VNPT and MobiFone – have so far deployed around 11,000 5G base stations, equivalent to 7.7% of existing 4G stations. These stations now cover all provinces and cities, reaching approximately 26% of the population.