Tiếng Việt
English
简体中文
In recent years, the market for factory rentals in industrial parks in Vietnam has experienced strong and sustainable growth. This segment of industrial real estate is considered one of the most stable in terms of development, attracting both domestic enterprises and foreign-invested companies (FDI). The expansion of manufacturing facilities, rising logistics demand, and the shift of supply chains across Asia have all contributed to the remarkable rise of this sector.
This article provides a comprehensive analysis of the current landscape, emerging trends, growth drivers, and key considerations for businesses seeking opportunities in the market for factory rentals in industrial parks in Vietnam. If you’re searching for a reliable partner in this field, A-connection is always ready to support your business expansion.
Overview of the Market for factory rentals in Vietnam’s industrial parks
General market landscape
The rapid growth of manufacturing—especially in electronics, mechanical engineering, packaging, logistics, and e-commerce—has made the market for factory rentals in industrial parks more dynamic than ever. Numerous new industrial parks have been developed, adding more industrial land while benefiting from upgraded infrastructure such as highways, logistics hubs, seaports, and airports. These advancements help reduce operational costs and improve regional connectivity for enterprises.
Moreover, the ongoing “China +1” strategy continues to draw international manufacturers to Vietnam, significantly increasing the demand for ready-for-use factories. This trend has made factory rentals in industrial parks a preferred choice, eliminating the need for businesses to invest time and capital to build facilities from scratch.
Factors influencing the industrial factory rental market
Several key elements are driving the growth of the market for factory rentals in industrial parks:
-
-
Government policies encouraging investment, especially in major industrial provinces
-
Modern, synchronized infrastructure including highways, ports, airports, and logistics networks
-
Rising demand for industrial spaces due to expanding manufacturing and processing sectors
-
The development of ready-built factories (RBF), allowing faster business deployment
-
Growing interest in green industrial parks, promoting energy-efficient and eco-friendly factory models
-
Key trends in the market for factory rentals in industrial parks
Ready-built factories gaining dominance
Previously, businesses often leased land and built their own facilities. Today, that model is becoming less attractive due to long construction times, high investment costs, and cumbersome legal procedures. Ready-built factories—with completed legal documentation and full infrastructure—have emerged as the dominant trend.
These factories allow businesses to operate quickly, minimize initial investment, and suit a wide range of industries. As a result, the ready-built factory model continues to grow rapidly across Vietnam’s industrial parks.
Large-scale factories for modern supply chains
Beyond small- and medium-sized factories, many industrial parks now offer large-scale facilities ranging from 5,000 to 50,000 m² to serve:
-
-
Distribution centers
-
Logistics and warehousing
-
E-commerce supply chains
-
Global-scale manufacturers
-
This shift helps align the market more closely with international industrial standards.
The rise of green-standard factories
Features such as solar power systems, environmental treatment facilities, and sustainable building materials are becoming increasingly important. These improvements help industrial parks attract foreign enterprises that prioritize ESG (Environmental – Social – Governance) compliance.
Advantages of renting factories in industrial parks
Synchronized infrastructure and convenient connectivity
Most industrial parks follow strict planning standards, including wide internal roads, stable power and water systems, certified fire safety facilities, and wastewater treatment zones. These factors reduce operational risks and increase reliability for businesses renting factories in industrial parks.
Clear legal framework – faster business operation
When renting a factory in an industrial park, enterprises do not need to worry about land legality, construction permits, or industrial land documentation. This helps accelerate the launch of production activities, saving significant time compared to self-built facilities.
Optimized initial investment
Instead of spending large amounts of capital to build new facilities, businesses only need to pay periodic rental fees. This is especially beneficial for companies expanding production and foreign investors entering Vietnam’s market for the first time.
Key regions leading the factory rental market in industrial parks
Southern Vietnam – The strongest industrial hub
Southern provinces such as Binh Duong, Dong Nai, Long An, and Ba Ria–Vung Tau continue to lead the demand for industrial factory rentals due to:
-
-
Proximity to Ho Chi Minh City
-
Strong transportation networks
-
High concentration of large industrial parks
-
Strong FDI inflows
-
These areas are also seeing rapid growth in ready-built factories and large-scale logistics centers.
Northern Vietnam – A rising destination for global manufacturers
Provinces like Bac Ninh, Hai Phong, Bac Giang, and Thai Nguyen are expanding rapidly thanks to:
-
-
Major seaports and airports
-
A mature electronics and high-tech manufacturing ecosystem
-
Modern industrial park infrastructure
-
The North currently has some of the highest demand for factory rentals in industrial parks, particularly from electronics and component manufacturers.
Central Vietnam – Large land resources and new opportunities
Provinces including Quang Nam, Da Nang, and Quang Ngai are increasingly attracting investment thanks to abundant land and newly developed industrial zones. Although growth is slower than the North and South, the region is promising for businesses needing spacious facilities.
Important considerations when renting factories in industrial parks
Evaluate legal and technical standards
Beyond checking whether a factory is newly built or visually appealing, businesses must review:
-
- Industrial park licensing
- Fire safety certification
- Power and water infrastructure
- Floor loading capacity
- Expansion potential
This is essential to avoid operational risks.
Assess suitability for your industry
Not every factory is suitable for every business. When renting a factory in an industrial park, consider:
-
- Clear height
- Floor load capacity
- Warehouse layout
- Loading/unloading areas
- Ventilation and fire safety systems
Choose a reputable consulting partner
The market is large, but not every provider is professional. Working with a reliable unit like A-connection helps businesses:
-
- Save time
- Ensure legal transparency
- Conduct accurate site inspections
- Select the most suitable facility
Outlook for the market for factory rentals in Vietnam’s industrial parks
The future remains bright for the market for factory rentals in Vietnam’s industrial parks. Vietnam offers strategic advantages such as location, strong workforce, competitive costs, and supportive government policies.
In the coming years, ready-built factories, multi-story factories, and smart logistics centers are expected to represent a significant portion of supply. Demand for industrial factory rentals will continue to rise across sectors including:
-
- Electronics and components
- Food processing
- Packaging and printing
- Supporting industries
This is a prime period for businesses to expand operations or secure strategic positions in industrial parks.
The market for factory rentals in Vietnam’s industrial parks is in a rapid growth phase, offering substantial opportunities for enterprises. Choosing the right facility can help optimize costs, shorten setup time, and enhance production efficiency.
If you’re looking for suitable factory or warehouse options, contact A-connection – your trusted nationwide partner for comprehensive industrial leasing solutions.
You may be interested in:
