Vietnam’s industrial real estate is forecast to continue growing in 2023 as demand and rental prices head ever upwards.

Meanwhile, with positive growth in FDI, occupancy at industrial parks is on the rise.

Disbursement of FDI in 2022 is estimated at nearly $22.4 billion, up 13.5 per cent year-on-year; the highest for five years, according to the Ministry of Planning and Investment. Fields attractive to foreign investors include manufacturing and processing, real estate, technology, and electricity.

Occupancy at industrial parks nationwide stands at over 80 per cent, according to the Vietnam Association of Realtors.

Many industrial parks in Hanoi, Ho Chi Minh City, Dong Nai, Bac Ninh, Bac Giang, and Binh Duong are seeing occupancy of nearly 100 per cent.

Rental prices jumped 10 per cent to $100-120 per sq m last year compared to 2021, especially in the country’s south, due to limited supply.