Vietnam's industrial real estate sector is experiencing significant growth, driven by global supply chain shifts and government policies aimed at attracting investment.

In an increasingly integrated economy, the demand for industrial land is rising, leading to the expansion and development of numerous new industrial parks across the country. Many provinces and cities are actively promoting the planning of these new industrial parks to meet investment needs and enhance competitiveness.

On February 17, 2022, Bac Giang was the first locality to have its plan approved. By December 31, 2024, Ho Chi Minh City became the last of the 63 localities to complete the approval of their plans for the 2021-2030 period, with a vision extending to 2050. This provides a clear direction for economic and industrial development in each locality.

According to the approved plans, by 2030, Vietnam will have 221 new industrial parks, 76 industrial parks for expansion, and 22 industrial parks for planning adjustments.

Each locality aims to attract investment and develop industrial land areas to capture the wave of production relocation. Notably, many localities are not only expanding existing industrial parks but also adding new, large-area industrial parks, creating a strong growth impetus.