Northern Vietnam Industrial Real Estate Market Report 2025

NORTHERN VIETNAM INDUSTRIAL REAL ESTATE MARKET REPORT 2025

The Northern Vietnam Industrial Real Estate Market Report 2025 is conducted by the Research team of RSL Group, covering four key sections: Investment economic overview, the industrial real estate market overview, ready-built factory (RBF) and ready-built warehouse (RBW) market and emerging market trends. We invite readers to explore the detailed insights below:

I. Investment economic overview

Global economic conditions

In 2025, the global economy recorded a growth rate of approximately 3.2%, while global inflation declined broadly to around 4.2%. Notably, following the return of Donald Trump to the White House, a new wave of large-scale tariffs emerged. The United States imposed tariffs of 20% on goods originating from Vietnam and 40% on transshipped goods in 2025. These measures have created certain pressures on key export sectors. However, they have not been strong enough to trigger a large-scale relocation of manufacturing out of Vietnam, reaffirming the country’s resilience in global supply chains.

Domestic economic conditions

GDP growth in 2025 reached 8.02%, with the total economic size surpassing USD 514 billion. Total registered foreign direct investment (FDI) in Vietnam amounted to USD 38.42 billion, representing a 0.5% increase year-on-year. China emerged as the second-largest investor in terms of total registered FDI in Vietnam, accounting for approximately 17% of the total capital and leading in the number of newly registered projects. The year 2025 also marked the dawn of Vietnam’s semiconductor industry, as the country began taking concrete steps to capture greater value within the global supply chain.

II. Industrial real estate market

In Northern Vietnam, the total industrial land supply reached approximately 24,100 hectares, with an average industrial land lease price of USD 139/m² per lease term (one lease term = 50 years), and an average occupancy rate of 84%. In 2026, a number of new projects are being developed along key infrastructure corridors, including Ring Road 4 connecting Bac Ninh – Bac Giang – Hanoi, the coastal national expressway from Hai Phong, and ring road 5 of the Hanoi capital region. The new wave of supply is expanding beyond traditional industrial hubs into satellite provinces such as Hung Yen, Phu Tho, and Thai Nguyen,… further reinforcing Northern Vietnam’s position as a core manufacturing and logistics hub of the country.

III. Ready-built factory (RBF) and Ready-built warehouse (RBW) market

Ready-Built Factory (RBF) market: Total supply reached 5,350,000 m², with an average rental rate of USD 5.05/m²/month and an average occupancy rate of 84%.
Ready-Built Warehouse (RBW) market: Total supply reached 3,650,000 m², with an average rental rate of USD 4.9/m²/month and an average occupancy rate of 75%.

The ready-built factory (RBF) model is increasingly favored by enterprises as market demand shifts from long-term industrial land ownership to more flexible leasing solutions, enabling faster setup and greater operational flexibility.

IV. Emerging market trends

Rooftop solar power systems in industrial parks are becoming an inevitable trend, but they still face significant barriers related to policy frameworks and high initial investment costs. Northern and Central Vietnam are considered to have strong development potential; however, the pace of implementation remains slow due to limitations in power transmission infrastructure and unclear electricity pricing mechanisms.

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Above is the Northern Vietnam Industrial Real Estate Market Report 2025 – a practical investment handbook for both domestic and international enterprises. Redsunland hopes this report provides valuable insights to our readers.

Explore more market reports from RSL Group here.

RSL Group – Industrial Real Estate Investment Promotion

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