Vietnam's industrial land and warehouse market gains price momentum

Industrial land rents in Vietnam continue to rise as high‑quality parcels in strategic locations become scarcer. The sector is buoyed by strong foreign direct investment, with total FDI registrations reaching $34.7 billion in the first half of 2026 – a 61 % increase year‑on‑year – of which 62 % went to manufacturing.

JLL data shows that supply of industrial land in key northern and southern markets totaled nearly 41,000 ha, up 1 % from the previous year. Pre‑built factory space reached about 10.4 million m² and pre‑built warehouse space about 8.6 million m², with supply growth of 15 % and 10 % respectively. Notable projects include KTG Industrial An Phước 2, Kizuna Eco2IP in the expanded Tân Kim Industrial Zone, KCN Vietnam Phúc Điền and SLP Park Tiên Du. Absorption remains strong, with hundreds of hectares of land, roughly 350,000 m² of factories and 450,000 m² of warehouses changing hands in the first half of the year. Tenant demand is driven by existing occupiers expanding operations, with southern users focused on traditional manufacturing (textiles, machinery, food, FMCG) and northern users on technology and electronics, while logistics and e‑commerce firms maintain steady warehouse needs.