The northern industrial real estate market is entering a new phase of accelerated growth. With administrative-boundary adjustments, large-scale infrastructure planning and continuous FDI inflows, the industrial park in North Vietnam landscape is transforming rapidly—creating new opportunities for investors, manufacturers, and logistics operators.
Expanding Supply Reshapes the Industrial Park in North Vietnam
The Q3/2025 Marketbeat report recorded a significant jump in new industrial land supply across the northern region. More than 700 hectares were added in just one quarter, driven by newly launched parks in Phú Thọ, Hải Phòng, and Ninh Bình.
After administrative restructuring, the total cumulative leasable land across all industrial park in North Vietnam locations reached 23,563 hectares—a remarkable 37% increase compared to the pre-merger period.
Several provinces within the expanded boundaries, such as Bắc Giang and Phú Thọ, contributed large areas of new land, although these markets typically have slower absorption rates. Despite this, high-demand zones like Hà Nội and Bắc Ninh continue to maintain strong occupancy levels, especially in sectors such as electronics, PCB manufacturing, high-tech components, and advanced materials.
This wave of new supply is reshaping the industrial landscape, providing a more diverse range of site options for global manufacturers seeking flexibility, scale, and long-term strategic positioning.
Occupancy Trends & Pricing Signals in the Industrial Park in North Vietnam
With the influx of new land, the region’s average occupancy rate fell to 67% in Q3/2025. The decline is primarily structural—caused by the sudden expansion of administrative boundaries, not by weakening demand.
In core markets:
- Hà Nội remains nearly fully occupied
- Bắc Ninh maintains around 75% occupancy
- High-value manufacturing sectors continue to drive inquiries and pre-lease commitments
Meanwhile, newly merged provinces bring in lower-priced land, which has temporarily pulled down regional averages.
Industrial land prices in the North averaged USD 133 per m² per lease term in Q3/2025—a 2% decrease from the previous quarter but still a 4% increase compared to the same period in 2024. This upward year-on-year trend signals sustained investor confidence and a healthy long-term growth outlook for industrial park in North Vietnam markets.
Over the next three years, the North is projected to add an additional 6,500 hectares of industrial land supply. Among the emerging hotspots, Ninh Bình is particularly noteworthy due to major projects such as Đồng Văn V and Đồng Văn VI, offering nearly 500 hectares of leasable area developed by Western Pacific. These large-scale parks are expected to attract electronics, supporting industries, and high-tech manufacturers.
Infrastructure Momentum Boosting the Industrial Park in North Vietnam
Infrastructure development plays a central role in enhancing the competitiveness of the industrial park in North Vietnam cluster.
Key drivers include:
- Upgrading Gia Bình Airport to international 4E standards, enabling improved air logistics capacity
- Next-phase development of the North–South Expressway, strengthening national logistics corridors
- Formation of an interconnected industrial belt linking production hubs with major northern seaports
- Harmonized administrative procedures improving investment efficiency and resource allocation
These large-scale infrastructure upgrades create seamless connectivity between industrial parks, ports, airports, and economic centers across the region. Such improvements further position the North as a strategic destination for multinational corporations seeking resilient supply chains and advanced manufacturing ecosystems.
As Vietnam continues to attract high-tech FDI, the industrial parks in the North are evolving into manufacturing–logistics ecosystems with enhanced service quality, stronger regional linkages, and improved competitiveness.
In conclusion, with rapid supply expansion, synchronized infrastructure development, and robust interest from global manufacturers, the industrial park in North Vietnam market is entering a new growth cycle. As administrative integration reshapes regional dynamics and new large-scale projects come online, the North is poised to strengthen its role as one of Vietnam’s most strategic industrial and logistics hubs.
Source: Thi Truong Tai Chinh Tien Te