Industrial real estate is considered a bright spot in Vietnam’s property market, with occupancy rates at industrial parks (IPs) continuing to head upwards.

Average occupancy at IPs nationwide reached over 80 per cent in the opening quarter of the year, according to the Vietnam Association of Realtors.

The southern region posted occupancy of 85 per cent.

Some IPs in Hanoi, Ho Chi Minh City, and Dong Nai, Bac Giang, and Binh Duong provinces have occupancy rates nearing 100 per cent.

There have been 397 IPs established nationwide, of which 292 are in operation with a total land area of over 87,100 ha, figures from the Ministry of Planning and Investment show.

Another 106 IPs are under construction, with a total area of 23,800 ha.

FDI attracted by IPs and economic zones accounts for 35-40 per cent of all FDI in the country, reaching $340 billion as of August last year.