Vietnam’s industrial real estate sector is entering a new phase of demand restructuring as industrial warehouse market Vietnam continues evolving beyond traditional manufacturing growth. According to Savills Vietnam’s 2025 Industrial Property Spotlight report, market demand is increasingly concentrated in several high-growth sectors requiring higher standards in infrastructure, location, and operational capability. Among the most important growth drivers are warehousing, semiconductors, and data centres.
E-Commerce Expansion Fuels Modern Warehousing Demand
The rapid growth of e-commerce is having a direct impact on Vietnam’s industrial warehouse market, particularly across the logistics and warehousing segments. As online retail activity continues expanding, demand for modern storage and distribution infrastructure is becoming increasingly important across many regions of the country. This trend is also accelerating the development of fulfilment centres and integrated logistics networks supporting faster delivery requirements. Savills projects Vietnam’s e-commerce market could reach USD 26–28 billion by 2025. In the first nine months of 2025 alone, major platforms including Shopee, TikTok Shop, Lazada, and Tiki recorded a combined gross merchandise value of USD 11.62 billion, representing year-on-year growth of 34.4%.
The market is also becoming increasingly competitive, with more than 7,000 new sellers entering the market during the first half of 2025. This rapid expansion is creating greater pressure on logistics systems, inventory management, and fulfilment operations across the e-commerce sector. As competition intensifies, e-commerce platforms are shifting their focus toward operational efficiency, making warehousing and order fulfilment systems more important than ever. This trend is driving stronger demand for fulfilment centres, technology-integrated warehouses, and rapid delivery systems across major industrial corridors. Modern logistics infrastructure is therefore becoming a more critical factor in supporting long-term e-commerce growth throughout Vietnam.
Industrial parks located near Hanoi, Ho Chi Minh City, and major logistics routes are benefiting from this transformation as businesses prioritize shorter delivery timelines and last-mile cost optimization. Connectivity and transportation efficiency are also becoming increasingly important factors when companies evaluate warehousing locations and logistics strategies. The continued expansion of logistics infrastructure is also reinforcing long-term demand for modern warehousing facilities throughout Vietnam. Industrial projects with strong connectivity advantages are expected to remain attractive as supply chains continue expanding and diversifying across the region.
Semiconductor And EV Industries Reshape Industrial Demand
Vietnam’s semiconductor industry is entering a period of significant expansion, both in scale and in its role within the global value chain. The industry is gradually becoming one of the key pillars supporting Vietnam’s long-term high-tech manufacturing ambitions. The National Semiconductor Strategy approved in late 2024 aims to strengthen Vietnam’s position in advanced packaging, chip design, assembly, testing, and selected manufacturing segments. Between 2023 and 2025, Vietnam attracted USD 11.6 billion in new semiconductor and high-value electronics investment, including approximately USD 3 billion in assembly and testing projects alone.
At the same time, the Government allocated USD 1.05 billion for semiconductor industry development during the 2024–2030 period, alongside USD 670 million for workforce training. These investments reflect Vietnam’s growing focus on developing higher-value industries and strengthening domestic technological capabilities. Vietnam’s first chip fabrication plant is also expected to commence operations in 2026, marking an important milestone for the country’s high-tech manufacturing sector. The expansion of semiconductor production is also expected to generate additional demand for specialized industrial infrastructure and supporting services.
This expansion is creating new demand for industrial real estate beyond conventional factory space. Investors increasingly require large land banks, stable technical infrastructure, reliable power supply systems, and research and development facilities. As a result, specialized industrial clusters are gradually replacing traditional industrial park models. The market is also seeing stronger demand for industrial parks capable of supporting more complex manufacturing and technology-driven operations. Industrial developers are therefore facing increasing pressure to improve infrastructure standards and operational readiness in order to attract next-generation investors.
Alongside semiconductors, the electric vehicle industry is also emerging as an important industrial growth driver. Vietnam’s EV market reached an estimated USD 3.2 billion in 2025, supported by domestic demand, policy incentives, and changing consumer behavior. During the first half of 2025, battery electric vehicles accounted for 42% of total new car sales, among the highest rates globally. This trend is creating additional demand across manufacturing supply chains, particularly for components, batteries, electronics, logistics, and technical services. The continued growth of the EV sector is also expected to contribute to broader expansion across supporting industrial and logistics infrastructure.
Data Centres Create A New Layer Of Industrial Real Estate Demand
The rapid expansion of artificial intelligence, cloud computing, and digital services is accelerating demand for data centres across Vietnam. As digital transformation continues reshaping business operations across multiple industries, demand for large-scale digital infrastructure is also rising steadily. This trend is gradually creating new requirements for industrial projects capable of supporting advanced telecommunications and technical systems. According to Savills, the growth of digital infrastructure is creating a completely new layer of demand for industrial real estate, particularly in locations with strong technical infrastructure and connectivity advantages.
As of 2025, Vietnam had 41 operational data centres with total capacity reaching approximately 524.7 MW, representing significant growth compared with previous years. The market is expected to continue expanding as businesses increase investment in digital platforms, cloud services, and AI-related technologies. Total capacity is forecast to approach 950 MW by 2030. The Asia Direct Cable submarine fibre-optic line, expected to become operational in 2025, is also projected to significantly improve Vietnam’s international connectivity capabilities. Improved digital connectivity is expected to strengthen Vietnam’s position as a regional destination for technology and digital infrastructure investment.
Unlike traditional manufacturing facilities, data centres require highly stable power supply systems, specialized technical infrastructure, operational redundancy, and long-term scalability. These requirements are gradually raising technical standards across segments of the industrial real estate market linked to digital infrastructure development. As a result, only a limited number of industrial parks are currently capable of meeting these standards, further intensifying segmentation within the industrial real estate market. Industrial parks with strong infrastructure readiness and connectivity advantages are therefore expected to attract greater attention from technology and digital service providers in the coming years.
Looking ahead, Vietnam’s industrial real estate market is expected to become increasingly differentiated by sector and by the capabilities of individual industrial parks. Projects capable of supporting modern warehousing, semiconductor manufacturing, and digital infrastructure are likely to maintain a stronger competitive advantage in attracting future tenants and investment flows.
Source: Industrial Savills