Overview of the “National Industrial Real Estate Forum 2024”
The “National Industrial Real Estate Forum 2024” served as a platform to connect and share insights on the industrial real estate market, helping entities stay updated with the latest trends and information. This year’s forum witnessed VNIC’s presentation of the Q3/2024 industrial real estate market report, indicating positive signals from the market.
The event attracted leading industry experts, with over 300 representatives from infrastructure investors, domestic and international consulting firms, and more than 50 FDI enterprises with existing or planned investments in Vietnam.
Among the notable attendees was LOGOS Asia, a leading infrastructure developer with global projects in countries like Singapore, Japan, China, and Vietnam. Notably, Mr. Trent Iliffe, the founder of LOGOS, along with Mr. Glenn Hughes, CEO of LOGOS Asia in Vietnam, and other key representatives of LOGOS Asia, graced the event with their presence.
The forum also witnessed the participation of prominent entities such as infrastructure investors Amber Industrial, Gilimex Industrial, and FECON, construction contractors including Andes E&C, FTA E&C, and Anh Duong Building, as well as representatives from the Bank for Investment and Development of Vietnam (BIDV), HPS Logistics, Jiaxin Industrial Vietnam, and many others, who engaged in discussions and shared diverse perspectives on Vietnam’s industrial real estate market in 2024.
Distinguished guests at the event
With the theme “Catching Trends, Leading the Market,” the event offered entities and businesses valuable updates on the panorama and latest trends in the industrial real estate sector. It also facilitated networking and knowledge-sharing among leading experts, allowing them to exchange practical knowledge and experiences in the real estate market.
Industrial Real Estate Market Situation in 2024
At the forum, VNIC – Vietnam Investment Consulting presented and analyzed the industrial real estate market situation in 2024. The reported data showcased several positive indicators.
As of August 2024, Vietnam had approved an additional 4,750 hectares of industrial land, a 5% increase compared to the same period in 2023. The average occupancy rate in industrial parks reached 75%, a 2.6% increase over the previous year. Regarding land rental prices, the average continued to rise, reaching $156 per square meter in 2024, a 6% increase year-on-year.
The market for industrial warehouses is thriving, with a national average occupancy rate of 77%, a 4% increase compared to 2023. Average rental prices have continued to climb, reaching $4.6 per square meter per month in 2024. Hanoi and Ho Chi Minh City recorded average rental prices ranging from $5.5 to $6.5 per square meter per month. Other areas, such as Bac Ninh and Long An, reported prices of $5.6 per square meter per month and between $4.8 and $6.2 per square meter per month, respectively.
Trends in the Real Estate Market for 2025
Mr. Do Hong Quan, CEO of VNIC, shares insights on the 2024 industrial real estate market
Through data analysis and a comprehensive report, Mr. Do Hong Quan, CEO of VNIC, along with domestic and foreign experts, provided interesting insights into the industrial real estate market in 2024. While Vietnamese industrial real estate is showing positive numbers, FDI inflows are showing signs of slowing due to global economic and political instability. However, 2025 will witness a true boom in industrial real estate as the wave of production relocation will rise again. In the period of 2024-2027, Vietnam is expected to have an additional 15,200 hectares of industrial land and 6,000,000 square meters of warehouses to meet investors’ demands promptly.
Mr. Matthew Jackson, CEO of LOGOS Asia in Vietnam, delivers his speech
Mr. Matthew Jackson, CEO of LOGOS Asia in Vietnam, affirmed, “As an infrastructure investor, LOGOS Asia will continuously strive and innovate to provide the best services to our clients.”
LOGOS Asia shared its commitment to integrating ESG into infrastructure development and providing high-standard projects with advantageous geographic locations and flexible lease areas, among other benefits, to facilitate enterprises’ investment plans.
The “National Industrial Real Estate Forum 2024” showcased the robust growth of this market, with the rapid expansion of industrial parks and key infrastructure projects. The data and reports presented at the forum underscored the importance of industrial real estate in attracting foreign direct investment (FDI) and boosting domestic production.
In the coming years, this market is expected to continue its strong performance, especially as Vietnam increasingly becomes a crucial link in the global supply chain.
Strategic partnership signing between VNIC – Vietnam Investment Consulting and LOGOS
The event concluded with a signing ceremony marking the strategic partnership between VNIC – Vietnam Investment Consulting and LOGOS, aiming to foster the sustainable development of Vietnam’s industrial real estate sector. This collaboration is expected to enhance service quality, attract potential investors, and create optimal solutions for industrial infrastructure projects.
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