INDUSTRIAL LAND RENTS CONTINUE TO RISE

In the northern region, industrial land rental prices in Hanoi, Hai Phong, Bac Ninh, Hung Yen, and Hai Duong increased by 4.5% year-on-year in the first half of 2024, reaching an average of $134/m². In the southern region, rental prices in Ho Chi Minh City, Binh Duong, Dong Nai, and Long An also rose by 1% year-on-year, reaching $173/m² (according to CBRE).

Many financial institutions assess that industrial land rental prices in Vietnam remain attractive, 20% - 40% lower than in the region. Vietnam is emerging as a potential destination as multinational corporations implement the "China +1" strategy and restructure their supply chains.

According to the Vietnam Association of Realtors (VARS), Vietnam’s industrial real estate market still has significant growth potential, promising to maintain strong development momentum and play a key role in the economy.