Industrial real estate “race”

According to statistics from the beginning of 2025 to now, there have been 14 industrial park investment projects with a total area of ​​over 4,100 hectares approved for investment. The projects are mainly concentrated in the North and South, the industrial “capitals” of the country.

The market is bustling

In Bac Giang, many large enterprises have simultaneously expanded their land funds. These include Nghia Hung Industrial Park (nearly 149 hectares, total investment capital of VND 2,200 billion) invested by Gilimex Bac Giang Industrial Park JSC (a subsidiary of Gilimex); Song Mai – Nghia Trung Industrial Park (197 hectares, VND 2,806 billion) under Hanoi – Bac Giang Industrial Park Infrastructure Investment JSC; Dong Phuc Industrial Park (nearly 355 hectares and investment capital of VND 3,732 billion) developed by Dong Phuc Industrial Park Infrastructure Development JSC – a level 2 subsidiary of Hoa Phat Group.

In Hai Phong, it was no less exciting when 3 new industrial park projects were approved, creating a strong growth boost for the local industry. The first is Vinh Quang Industrial Park (phase 1) with a scale of more than 226 hectares in Vinh Bao district, invested by IDICO Vinh Quang Joint Stock Company (a subsidiary of IDICO Corporation – Joint Stock Company (IDC).

Next is Trang Due 3 Industrial Park, spread over nearly 653 hectares in An Lao district, with the investor being Saigon – Hai Phong Industrial Park Joint Stock Company (SHP); and Nam Trang Cat Industrial Park in Hai An district implemented by Vinhomes Industrial Park Investment Joint Stock Company (Vinhomes IZ).

Not only in the North, the race to expand industrial park land funds in the Southern provinces is also taking place. In Binh Phuoc, there are 2 new projects by Vinhomes Industrial Park Investment Joint Stock Company (Vinhomes IZ) and Bac Dong Phu Industrial Park Phase 2.

In the southern region, Binh Phuoc province has two projects. Specifically, Minh Hung III Industrial Park Phase 2 (phase 1) in Minh Hung Ward, Chon Thanh Town. The project has a land use scale of more than 483 hectares, with a total investment capital of VND 2,282 billion. Or in Dong Nai, VRG Long Duc Investment Joint Stock Company (a subsidiary of Saigon VRG Investment Joint Stock Company) was also approved as the investor of Long Duc Industrial Park (phase 2).

Positive growth

Experts say that demand for industrial real estate will continue to grow positively in 2025 with support from foreign investment flows, the China +1 shift wave and the implementation of trade commitments.

Speaking to the Business Forum , Mr. Truong An Duong – Managing Director of the Northern region and Residential Real Estate Division of Frasers Property Vietnam said: “The first driving force for the development of Vietnam’s industrial parks is one of the potential destinations thanks to participation in 17 free trade agreements (FTAs), upgrading comprehensive strategic partnerships with the US, Japan, Australia, Korea, NetZero commitment policies, and capital attraction policies specifically for multinational corporations with large FDI capital flows into Vietnam”.

In addition, Mr. Duong shared that cooperation with multinational corporations has helped Vietnamese enterprises access new technology and improve their competitiveness. “A stable political environment and a safe society are important factors in attracting long-term investment. The domestic market in Vietnam is constantly expanding, creating many business opportunities for enterprises.”

Ms. Pham Thi Mien – Deputy Director of the Vietnam Real Estate Market Research and Evaluation Institute (VARs IRE) commented that the supply of industrial land will continue to increase thanks to new projects with improved quality thanks to new industrial parks and expansion projects at existing projects in 2025. In the period of 2024 – 2027, Vietnam is expected to have about 15,200 hectares of industrial land supply, more than 6,000,000 m2 of total warehouse supply.

Currently, Vietnam is promoting investment in infrastructure to serve industry in a sustainable way. Industrial parks increasingly focus on green standards, from construction planning, wastewater treatment technology to energy saving. This roadmap both meets environmental requirements and improves the competitiveness of industrial parks.

Meanwhile, 2025 is forecasted by Ms. Nguyen Hoai An – Senior Director of CBRE Hanoi Branch to be a challenging year, with unpredictable fluctuations from the geopolitical situation and the process of restructuring the Government apparatus. However, the fundamental factors of the Vietnamese economy remain very solid. The momentum of domestic economic growth, abundant FDI capital flows, and the implementation of large-scale infrastructure investment projects will be key factors, creating momentum for the development of the industrial real estate market in the coming period.

“In the context of increasing demand for economic development and attracting foreign investment, the race to expand industrial park supply by investors is expected to continue strongly in the future,” Ms. An predicted.

Experts also added that with the participation of “big guys” and positive signals from the market, industrial park real estate is entering a promising development phase. This is a golden opportunity for businesses and investors to seize the investment “wave”, create competitive advantages and anticipate development trends in the new context.