Vietnam continues to rise as a key manufacturing and supply chain hub in Asia, drawing attention from global investors. With high demand for industrial space, the factory rental market is booming—especially in strategic locations like Bac Ninh, Hai Phong, Binh Duong, and Dong Nai. This article explores Vietnam’s factory rental trends in 2025, including updated pricing, popular regions, and what to consider before signing a lease.
Overview of Vietnam’s Factory Rental Market
Vietnam is emerging as one of Asia’s top destinations for manufacturing and supply chain relocation. The factory rental market in Vietnam has seen steady growth, driven by a surge in foreign direct investment (FDI), the expansion of e-commerce, and robust demand for industrial real estate.
According to CBRE and Savills, industrial occupancy rates in key regions have remained high, averaging around 80–90% across major hubs like Bac Ninh, Hai Phong, Binh Duong, and Dong Nai. (1)
Vietnam Factory Rental Prices Continue to Rise
Over the past few years, rental prices for both industrial land and ready-built factories (RBFs) in Vietnam have shown a consistent upward trend. According to data from CBRE, the average rental price for ready-built factories currently stands at approximately US$4.9/m²/month in Northern Vietnam, and around US$5/m²/month in the South.
For long-term industrial land leases, prices range from US$132–139/m²/term in the North, while the South commands higher rates of about US$183–189/m²/term. This price growth is expected to continue, with forecasts indicating an annual increase of 3–9%, depending on the region and demand. (2)
Why Ready-Built Factories Are in Demand
Ready-built factories (RBFs) are becoming a preferred option for many businesses in Vietnam, especially SMEs and foreign investors, thanks to their speed, affordability, and convenience:
- Allow companies to start operations quickly, avoiding the long wait times often associated with building from the ground up. This is particularly beneficial for businesses entering new markets where rapid setup is critical.
- Reduce upfront investment costs, as infrastructure like electricity, water, and access roads is already in place. This makes RBFs an attractive choice for businesses with limited capital.
- Offer value-added services such as security, logistics, fire safety, and legal support, streamlining operations for tenants.
- Flexible lease terms — often short to mid-term — allow businesses to scale or adapt their operations more easily, making RBFs a smart solution for companies needing agility or temporary production space.
Top Locations for Factory Rental in Vietnam
Depending on your industry and expansion plans, consider these locations:
- Northern Vietnam: Key industrial provinces like Bac Ninh, Hai Phong, Hung Yen, and Ha Nam offer strategic advantages for businesses looking to expand. With close proximity to China, well-developed infrastructure, and easy access to seaports, this region is ideal for export-oriented manufacturing. The average rental price for ready-built factories (RBFs) ranges from US$4.5 to US$5 per square meter per month.
- Southern Vietnam: Provinces such as Binh Duong, Dong Nai, and Long An remain hotspots for industrial activity. Located near Ho Chi Minh City, these areas benefit from a large pool of skilled labor and excellent connectivity to airports, ports, and major highways. Average RBF rents are around US$5 per square meter per month.
- Central Vietnam: Locations like Nghe An, Da Nang, and Quang Nam are emerging as attractive choices for cost-sensitive manufacturers. With competitive land prices and a steadily growing industrial base, this region offers a compelling alternative to the North and South. Rental rates are generally lower, making it appealing for businesses seeking affordability without compromising growth potential.
The Vietnam factory rental market is thriving in 2025, with strong demand across all regions. As Vietnam continues to attract global manufacturers, the market for ready-built factories and industrial land is evolving rapidly, offering businesses flexible, cost-effective solutions to scale efficiently.
Whether you’re entering the market or expanding production, Vietnam presents ideal conditions for success — from affordable rental rates to supportive government policies and strategic location in the global supply chain.
Source:
(1). Vietnam Net
(2). VIR
(3). The Investor