Vietnam becomes an attractive destination for industrial real estate investment
The growth of e-commerce and key industries is creating a huge demand for industrial real estate. Especially industrial parks, warehouses and logistics centers.
On December 16, real estate service firm Avison Young Vietnam (Canada) published the report “Vietnam Real Estate 2024: A Year In Review”.
According to Avison Young Vietnam. The industrial real estate segment continues to be a bright spot in the market with increasing rental prices, supply and high occupancy rates. The main driving force for this development comes from foreign investment (FDI) flows into manufacturing industries. Driven by supply chain diversification and China +1.
In key and tier 1 markets, industrial land rental prices increase on average 2-5% per quarter. Meanwhile, new supply promises to be plentiful. A series of industrial park projects have been licensed or started construction across the country.
Vietnam becomes an attractive destination for industrial real estate investment
Industrial and logistics real estate
Industrial and logistics real estate is still the segment that foreign investors are most interested in. This segment leads in the number of real estate transactions throughout 2024.
Short term
Avison Young Vietnam expert commented. In the short term, economic, trade and geopolitical fluctuations due to the impact of new US President Donald Trump’s policies could put immediate pressure on attracting foreign investment and exports.
Long term
But in the long term, with the advantages of geographical location. Relative political stability, competitive costs and an improving investment environment. Vietnam could become the next global manufacturing hub if it seizes the opportunity.
Industrial real estate types are expected to gradually increase in attraction. Including industrial parks with clean industrial land fund. Available for long term lease, complete infrastructure and good connectivity.
In addition, the e-commerce sector will need ready-built warehouses and factories in places that are easily accessible to the supplier network. As well as distribution and logistics centers in places with convenient traffic connections to major cities.
In particular, high-tech industrial real estate also has a lot of potential. Foreign investors have the opportunity to participate in the data center sector under the new Telecommunications Law. The emergence of the first AI center in Vietnam (by Nvidia) paves the way for the high-tech industry…
Mr. David Jackson – General Director of Avison Young Vietnam said. Tremendous changes in 2024 in policies and investment trends. Or the business context is the basis for continued optimism about the Vietnamese real estate market. As positive signals become clearer. It is also the time to restart capital flows into transactions and get ready to welcome a new growth cycle.
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