Vietnam ready-built industrial supply hits 15.2m sqm

Majority of the stock is in the Southern Economic Zone.

According to data from Savills, Vietnam’s national ready-built (RB) supply reached 15.2 million sq m NLA. The Southern Economic Zone (SEZ) accounted for 69% of the total stock, with the Northern Economic Zone (NEZ) holding 31%.

The overall occupancy rate was 85%, and average rent stood at US$4.6 per sq m month. Viet Nam’s logistics sector is among the fastest-growing globally and is fuelled by economic growth, trade, high-value manufacturing, and rising e-commerce demand.

“In NEZ, RB stock totalled 4.8 million sq m NLA (62% factories, 38% warehouses), with Bac Ninh (36%) and Hai Phong (33%) leading. Occupancy was 82% and rent averaged US$5 per sq m month, with higher rates in Ha Noi, Bac Ninh, and Hai Phong,” the report added.

Savills noted that RB stock in SEZ reached 10.7 million sq m (52% warehouses, 48% factories), with 86% occupancy and US$4.4 per sq m month rent. Growth was driven by manufacturing expansion, strategic investment, and rising e-commerce demand.