According to insights from Cushman Wakefield, demand for industrial in the North of Vietnam remains vibrant, with occupancy across Northern industrial parks steady at 69% in Q2/2025 and average asking rent increased by 5% year-on-year.
With a geographically central position in Southeast Asia, political stability and integration into global supply chains, Vietnam is catching up with international demand for flexibility, efficiency, and sustainability in industrial real estate.
Among those meeting the needs of the new wave of industrial tenants is Core5 Vietnam, Indochina Kajima’s premium industrial platform.
The company was recently named ‘Best Industrial Develop 2024’ at the 10th PropertyGuru Vietnam Property Award, and honored among the Top 10 outstanding foreign-invested enterprises (FIEs) in sustainable development at the Golden Dragon Awards 2025.
Core5 Vietnam is an expansion of the successful Core5 Industrial Partners brand from the United States, positioned to capture burgeoning opportunities in Vietnam’s manufacturing and logistics sector by rolling out world-class factories and warehouses for lease in key hubs across the country.
Driven by exceptional local know-how, global development expertise and a deep root in hospitality, Core5 Vietnam is committed to setting a new benchmark for service quality in industrial real estate based on: an impactful ESG strategy, an integrated solution package and a vision to enhance Vietnam’s position in the global supply and value chain.
ESG is embedded in Core5 Vietnam’s DNA, as all Core5 Vietnam’s properties follow a LEED action plan from construction to operations and management. Contractors are subject to a resource and waste efficiency clause during construction and must prioritize usage of low-energy materials. All Core5 projects are planned for a full solar rooftop, with vegetation and landscaping to reduce heat islands, optimized ventilation design, health & wellness communal area and installed digital energy meters to monitor and optimize usage. This eco-friendly working environment promotes health and wellbeing for the industrial workforce while significantly reducing operational costs for all Core5 tenants.
With deep root in hospitality inherited from founding partners Kajima Corporation Japan and Indochina Capital, Core5 Vietnam aims to ease set up and/or expansion for all tenants with an integrated solution package including pre-and-post licensing services, customization of the leased area, accounting and business development support, curating long-term interconnections to ensure seamless business operations and accelerated growth for all tenants and partners.
With global industrial expertise and experience on highlighting Vietnam on the world tourism map, Core5 Vietnam also aims to enhance Vietnam’s position in the global supply and value chain. With most tenants being FDI enterprises, Core5 is contributing to push forward the shift of production to Vietnam, connecting localities to international businesses. By setting a new benchmark for service quality in industrial, Core5 Vietnam aims to enable future-proof operations capabilities, increase competitiveness for Vietnam to support the country in capturing global opportunities.
Core5 Vietnam’s portfolio currently includes LEED-certified ready built factories in Hung Yen (Core5 Hung Yen Factory Village in Minh Duc IP), Quang Ninh (Core5 Quang Ninh Factory Village in Deep C II) and Hai Phong (Core5 Hai Phong Factory Village in Deep C II).
*** To learn more about Core5 Vietnam, visit https://www.c5ip.vn/
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