74 views Factories in industrial parks are dominant
Data from real estate consultants shows that from the second half of 2023 to now, the demand for factory rental has increased sharply thanks to the recovery of the industrial production sector and the trend of large enterprises moving to Vietnam.
According to CBRE Vietnam, in the third quarter of 2024, the occupancy rate of ready-built factories reached 84%, up 3% over the previous quarter, and the average occupancy rate of warehouses reached 68%, up 7% over the previous quarter.
In the first 9 months of 2024, the Southern Tier 1 market has leased nearly 420,000 m2 of warehouses and more than 540,000 m2 of factories, nearly double the same period last year. Ho Chi Minh City and neighboring areas such as Binh Duong, Dong Nai, Ba Ria – Vung Tau, Long An, Tay Ninh, … are provinces and cities noted to have a vibrant market and good growth in the Southern region.
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| Ready-built factories in industrial parks are the preferred choice of investors . Photo: Le Minh Xuan 3 Industrial Park (Binh Chanh) |
Meanwhile, in industrial parks in the Northern region, the average asking rent for ready-built factories reached USD 5/m2/month in the past three quarters, up 0.6% quarter-on-quarter and 3.4% year-on-year.
Diversified quality supply sources
To meet the increasing demand for factory rental, industrial parks are actively implementing projects to increase quality supply.
According to Cushman & Wakefield’s estimates, by 2027, Vietnam will have about 6 million square meters of warehouse space in operation. Most of the factory space is concentrated in key economic regions , where there is great potential to attract high-quality FDI.
However, industrial real estate has recorded uneven growth. Factories in industrial parks (IPs) have developed more rapidly than factories outside. According to analysis by market research units, most small-scale factories outside IPs do not ensure legality, fire safety, are built on land with the wrong function, wrong area, lack infrastructure, utilities, etc., so it is difficult to attract investment.
On the contrary, factories for rent in industrial parks are increasing in attraction due to their many advantages such as ensuring compliance with planning, meeting legal and environmental conditions, meeting land standards, fire prevention and fighting systems, security systems and providing full industrial infrastructure.
Saigon Investment Corporation (VRG), the investor of Phuoc Dong Industrial Park (Tay Ninh), said that pre-built factories in the industrial park are the preferred choice of investors thanks to their diverse areas, quick production operation time, and time and cost savings. In addition, investors also enjoy good incentive policies from the industrial park and local authorities.
According to the representative of Phuoc Dong Industrial Park, in the past, most enterprises rented land to build and implement projects themselves. However, recently, investors have been more interested in ready-built factory products. In 2024, more than 50,000 m2 of ready-built warehouses in the Industrial Park were absorbed. Therefore, in the upcoming planning and development strategy, Phuoc Dong Industrial Park will promote the construction of a system of modern ready-built warehouses with diverse areas to promptly meet the needs of investors.
It is expected that in 2025, Phuoc Dong Industrial Park will continue to supply the market with about 30,000 m2 of ready-built warehouses. The factories are designed to suit many different industries with diverse areas from 3,000 – 7,000 m2.
According to the Phuoc Dong Industrial Park Management Board, when handed over to the investor, the factory has ensured legal factors, fire prevention and fighting safety, met environmental standards and is fully equipped with infrastructure, and can go into production immediately.
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| The factory in Phuoc Dong Industrial Park is equipped with fire protection system, 2-storey office, industrial infrastructure. Photo: Phuoc Dong Industrial Park |
In addition, to increase competitive advantage and welcome new capital flows moving into Vietnam, Phuoc Dong Industrial Park has a strategy of innovation and product diversification.
In addition to industrial land and ready-built warehouses, Phuoc Dong Industrial Park also provides factory construction services according to customer requirements. This is also a form chosen by many investors in Phuoc Dong Industrial Park because it meets specific criteria on structure, fast construction time and is a financial solution suitable for each enterprise.
With positive signals, experts predict that the industrial real estate market will continue to develop in 2025. Increasing investor confidence, diversified product supply, improved infrastructure and preferential policies will play a key role in attracting FDI and promoting economic growth in the coming time.
(Source: https://baodautu.vn/batdongsan/bat-dong-san-cong-nghiep-2025-nha-xuong-xay-san-chiem-linh-thi-truong-d239100.html)
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<p class="detail__summary">Economic recovery; Improved legal environment; Application of digital transformation in management and operation; Product development/business diversification; Boosted public investment will be the five important driving forces to boost the real estate market in 2025…</p>
<figure class="detail__avatar"><img decoding="async" class="img-fluid lazyload" data-src="https://media.vneconomy.vn/w800/images/upload/2025/02/26/anh-chup-man-hinh-2025-02-26-luc-17-07-05.png" alt="Illustration" title="Five driving forces of the real estate market in 2025 26" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img decoding="async" class="img-fluid" src="https://media.vneconomy.vn/w800/images/upload/2025/02/26/anh-chup-man-hinh-2025-02-26-luc-17-07-05.png" alt="Illustration" title="Five driving forces of the real estate market in 2025 26"></noscript></figure>
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<p>The results of a recent survey of real estate businesses by Vietnam Report show that: up to 73.3% of the total number of businesses surveyed believe that the driving force shaping the development of the real estate industry in 2025 is <strong><em>the recovery speed of the economy</em></strong> .</p>
<p>Specifically, after the difficult period of 2022-2023 with inflation, high interest rates and tight credit, the economy has initially recovered with a growth rate of 7.09% in 2024. Since 2025, the Government has set a growth target of 8% and is aiming for double-digit growth in the following years. Along with high growth, the economy will have to accept higher inflation, the Government has also adjusted the inflation target to 4.5% in 2025. Accordingly, macroeconomic factors such as interest rates and exchange rates will also be somewhat affected, increasing pressure on capital flows into real estate.</p>
<p>On the positive side, strong economic growth is often accompanied by an increase in per capita income, thereby boosting real housing demand, especially in the mid-range and low-cost segments in large cities such as Hanoi and Ho Chi Minh City. In addition, the expected continued FDI inflows into industrial parks will lead to demand for housing for workers, heating up the industrial real estate and social housing segments.</p>
<figure class="image-wrap align-center-image"><img decoding="async" data-src="https://media.vneconomy.vn/w900/images/upload/2025/03/24/anh-chup-man-hinh-2025-03-24-luc-21-29-33.png" alt="Five driving forces of the real estate market in 2025 - Photo 1" data-original="https://media.vneconomy.vn/images/upload/2025/03/24/anh-chup-man-hinh-2025-03-24-luc-21-29-33.png" title="Five driving forces of the real estate market in 2025 27" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload"><noscript><img decoding="async" src="https://media.vneconomy.vn/w900/images/upload/2025/03/24/anh-chup-man-hinh-2025-03-24-luc-21-29-33.png" alt="Five driving forces of the real estate market in 2025 - Photo 1" data-original="https://media.vneconomy.vn/images/upload/2025/03/24/anh-chup-man-hinh-2025-03-24-luc-21-29-33.png" title="Five driving forces of the real estate market in 2025 27"></noscript></figure>
<p>The second driving force for real estate businesses is <strong><em>the improved legal environment</em> (</strong> selected by 62.2% of businesses). Removing legal obstacles has been seen as urgent when all three sets of Housing Law, Real Estate Business Law, and Land Law were amended and applied early from August 2024, marking a major turning point for the real estate market.</p>
<p>In the short term, the effectiveness of the amended laws is most evident in resolving legally stalled projects – one of the main reasons for the severe decline in real estate supply in the 2022-2023 period. The amended Land Law has simplified the process of land allocation, land lease and land use conversion, helping real estate businesses quickly complete procedures to bring projects to the market.</p>
<p>According to preliminary statistics, in 2024, 210 projects nationwide had their obstacles cleared, most of which were housing projects in large cities such as Hanoi, Ho Chi Minh City and Da Nang. The amended Housing Law supplements more flexible regulations on social housing, encouraging businesses to participate in developing this segment through tax and credit incentives. Meanwhile, the Real Estate Business Law requires investors to complete infrastructure before selling products and to be transparent about project information, helping to minimize risks for buyers and restore confidence in the market.</p>
<p>In the long term, the revised laws promise to bring structural changes to Vietnam’s real estate market. The new Land Law expands access to land for foreign investors and overseas Vietnamese, while providing clearer regulations on land use rights auctions, helping to limit speculation and price manipulation. This will not only increase financial resources for the market but also create healthy competition, bringing real estate prices to more reasonable levels in the future.</p>
<p>It is expected that from 2026 onwards, when these regulations are truly absorbed, the market will witness an increase in supply from large joint venture projects with foreign partners, especially in the industrial and resort real estate segments. The revised Housing Law, with a focus on developing social housing, is expected to solve the housing problem for low-income people, a segment that accounts for 60-70% of demand in large cities. If effectively implemented, by 2030, the whole country must complete 995,445 apartments to achieve the goal of building at least 1 million social housing apartments for low-income people and workers in industrial parks.</p>
<p>Another driving force for the real estate market to have a high rate of selection in the next 12 months is <strong><em>the increased public investment and improved infrastructure in 2025.</em></strong> Along with the economic growth target, the total planned public investment capital is VND 878,316 billion, a record number recorded to date. Current key public investment projects include the North-South Expressway, Long Thanh Airport, the beltway system and metro lines in Hanoi and Ho Chi Minh City. In addition, there are projects being planned such as the construction of a nuclear power plant and the North-South high-speed railway.</p>
<p>“Real estate projects will benefit when infrastructure projects are completed and put into operation. Accordingly, urbanization and industrialization will be inevitable trends, forming around highways and beltways, leading to demand for both residential and industrial real estate. In addition, when public investment projects are well planned, it will be a solution for the sustainable development of the real estate market, limiting virtual fever, speculation, and supply-demand imbalance in big cities,” said Mr. Phung Hoang Co, Vice President of Vietnam Report.</p>
<p>Source: https://vneconomy.vn/nam-dong-luc-thuc-day-thi-truong-bat-dong-san-2025.htm</p>
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.jpg "PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group 33")
.jpg "PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group 34")
![Share on Email](mailto:?Subject=PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group&Body=<p style="text-align: justify;">On Thursday, October 17, 2024, the Board of Directors of PT. Pertamina Petrochemical Trading visited and discussed potential cooperation opportunities with Stavian Group at Century Office, Hanoi.</p>
<p style="text-align: justify;">Pertamina Petrochemical Trading (Pertamina) is a subsidiary of Pertamina Group, a leading energy corporation in Indonesia specializing in petrochemicals, crude oil, natural gas, and refined products. With a mission to provide the best services for partners, Pertamina actively participates in import, sales, distribution, and continuous product development initiatives and plays a vital role in the sustainability of the downstream petrochemical industry and in building the Nation. This visit of Pertamina at Stavian Group marked an essential step in developing the cooperative relationship between the two sides.</p>
<p style="text-align: justify;"><img decoding="async" src="http://stavian.com/upload/photos/shares/241018_Don%20tiep%20Pertamina_Anh%20(2).jpg" alt="241018 Don%20tiep%20Pertamina Anh%20(2) PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group" width="800" height="533" title="PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group 35"></p>
<p style="text-align: justify;"><img decoding="async" src="http://stavian.com/upload/photos/shares/241018_Don%20tiep%20Pertamina_Anh%20(1).jpg" alt="241018 Don%20tiep%20Pertamina Anh%20(1) PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group" width="800" height="533" title="PT. Pertamina Petrochemical Trading visited and exchanged cooperation at Stavian Group 36"></p>
<p style="text-align: justify;">At the meeting, Stavian Group and Pertamina discussed potential cooperation opportunities. Both sides expressed confidence in each other’s quality services and the desire to develop new business projects to expand scale and enhance global position. In the coming time, with the partnership of PT. Pertamina Petrochemical Trading, Stavian Group will continue to expand and develop business activities, affirming its position as a large-scale multinational industrial corporation in the international market.</p>
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 and Stavian Group, two industry-leading companies, officially signed a Cooperation Agreement. This agreement is set to promote and expand investment and business activities in the chemical industry and plastic resin products. The signing ceremony was held at the PHUMY Tower headquarters, where senior leaders from both organizations participated, signed, and witnessed.</p>
<p><img decoding="async" title="Image: /upload/Stavian%20x%20PVFCCo%20(2).JPG" src="https://stavianone.net/upload/Stavian%20x%20PVFCCo%20(2).JPG" width="782" height="522" data-bx-orig-src="/upload/Stavian%20x%20PVFCCo%20(2).JPG" data-bx-clean-attribute="title" alt="Cooperation Agreement between Phu My and Stavian Group in chemicals and plastic resins"></p>
<p>Under the agreement, both parties have agreed to collaborate in key areas, including:</p>
<ul type="disc">
<li>Exploring Business and Investment Opportunities: Jointly researching opportunities in chemical business and production, mainly focusing on modern chemical manufacturing projects, to pave the way for sustainable development in the industry. This commitment to sustainability is a testament to our environmental responsibility.</li>
<li>Product Distribution Partnership: Collaborating in distributing Adblue, hydrogen peroxide (H2O2), and other chemical products produced by Phu My, with a strong emphasis on leveraging Stavian Group’s international distribution network.</li>
<li>Production and Distribution of Plastic Resin Products: Working together in the production and distribution of plastic resin-based products, including plastic packaging, agricultural films, and other competitive products in the market.</li>
</ul>
<p>This strategic step not only aims to utilize the resources and expertise of both parties effectively but also opens up new growth opportunities. It is particularly significant in international economic integration, as it will boost the development of the high-quality chemical and plastics industries, meet market demands, and contribute to environmental safety and sustainability. This promising future is a cause for optimism for all stakeholders.</p>
<p>Speaking at the signing ceremony, Mr. Phan Cong Thanh, CEO of Phu My, and Mr. Tony Dinh, Chairman cum CEO of Stavian Group, both emphasized that this partnership marks a critical milestone in strengthening the collaboration between the two companies. It solidifies the bond between the businesses and serves as the starting point for future robust and practical cooperation, unlocking significant growth opportunities for both sides. During the event, Mr. Tony Dinh also expressed his desire to expand this cooperation model between state-owned and private enterprises, enabling the business community to collectively strive towards common development goals and build a thriving and sustainable economy.</p>
<p>As a leading fertilizer manufacturer in Vietnam, PVFCCo (Phu My) is accelerating its development in the chemical sector under its new growth strategy. The company aims to capitalize on the advantages of the Phu My Plant Complex and Petrovietnam’s integrated chemical and petrochemical supply chain.</p>
<p>For more details, please refer to <a href="https://daibieunhandan.vn/pvfcco-va-tap-doan-stavian-ky-ket-thoa-thuan-hop-tac-ve-hoa-chat-va-hat-nhua-post405250.html" target="_blank" rel="noopener">Đại Biểu Nhân Dân</a>.</p>
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