Industrial parks in Vietnam are being developed following a modern model that applies high technology and emphasizes sustainability—aligning with the global trend of green industrial growth.
Instead of the traditional model, next-generation industrial parks are integrating three layers of services: smart infrastructure (Internet of Things – IoT, 5G); ecosystems of supporting enterprises; and multifunctional utilities such as research and development (R&D) centers and worker housing areas.
Notably, the high-rise factory model, which saves 40% of land area and allows flexible leasing by module, has already been adopted in several localities such as Ho Chi Minh City, Binh Duong, Dong Nai, Tay Ninh, Ba Ria – Vung Tau, Long An, Hai Duong, and Bac Ninh.
In terms of green industrial infrastructure, the Government has set a target for 30% of industrial parks to meet LEED/green certification standards by 2030, opening up opportunities for projects that use recycled materials, rooftop solar energy systems, and circular wastewater treatment.
Numerous Industrial Parks Approved in Early 2025
In early 2025, the Government approved 14 new industrial park projects across the country. These projects are being implemented in Can Tho, Hai Phong, Thai Nguyen, Binh Phuoc, Bac Giang, Hai Duong, and Ba Ria – Vung Tau, covering a total area of over 4,000 hectares with total investment amounting to tens of trillions of VND.
The approval of new industrial parks not only expands the industrial land supply but also creates favorable conditions to attract both domestic and foreign investment. At the same time, these projects contribute to local economic development, job creation, and infrastructure improvement.
Several parks are also oriented toward modern, high-tech development with a strong focus on sustainability—aligning with the green industrial growth trend.
With the increase in industrial land supply, Vietnam’s industrial real estate market is forecast to remain vibrant, attracting enterprises in manufacturing, logistics, and high-tech industries.
Vietnam is becoming a new hotspot in the Southeast Asian data center race, as Saigon Asset Management (SAM) has invested USD 1.5 billion to build a 150 MW data center in Binh Duong.
Vietnam’s data center industry shows strong potential thanks to the growing demand for data storage and processing among global enterprises and tech corporations. With a strategic location, competitive operating costs, and investment-friendly policies, Vietnam has the opportunity to become a regional data hub. However, in order to attract more FDI and scale up, improvements in electricity infrastructure, connectivity networks, and sector-specific incentives remain necessary.
Strengthening Investment Promotion
In Q1/2025, Ho Chi Minh City did not have any new industrial parks put into operation. The city’s total industrial land supply remains at 5,000 hectares. Ho Chi Minh City is actively promoting high-tech investment, especially in the semiconductor industry, with the inauguration of the first semiconductor manufacturing plant—also serving as a research and workforce training center.
Additionally, the High-Tech Park continues to attract large-scale projects, including 12 new ones with a total investment of over USD 1 billion. With proper support, Ho Chi Minh City could launch a second semiconductor plant by 2026, affirming its role as a tech hub and taking a deeper part in global supply chains.
The current average industrial land rental rate is USD 243/m²/term with an occupancy rate of 90%. Ho Chi Minh City is focusing on semiconductor development—not only attracting leading tech corporations but also building specialized training programs to supply highly skilled human resources.
A key milestone is the upcoming inauguration of the city’s first semiconductor plant. Beyond production, the plant also functions as a practical research center, offering opportunities for students and lecturers to access advanced technology.
At the same time, Ho Chi Minh City is actively supporting businesses and investors to expand manufacturing capacity. With suitable support from the High-Tech Park, a second semiconductor plant is expected by 2026. The city aims to become a leading high-tech center, elevating its position on both the regional and global technology maps. Semiconductor development not only reinforces the city’s strategic role but also enables Vietnam to participate more deeply in global supply chains.
In Central Vietnam, Da Nang continues expanding its industrial land fund with plans to build and attract investment into production zones, commercial-service areas, and logistics within the free trade zone.
Meanwhile, Northern Vietnam remains a focal point in the industrial park market, with Hanoi’s occupancy rate reaching 93%—a 5% increase compared to the end of 2024. However, Hanoi did not see any new parks entering operation in Q1/2025. The city currently has 9 industrial parks and one high-tech zone with a total area of nearly 3,000 hectares. Hanoi’s market remains stable with an average rental rate of USD 223/m²/term and an increasing occupancy rate of 93%. This reflects the efficient utilization of industrial land. Most projects in Hanoi have reached 100% occupancy.
New industrial parks and clusters are being planned in a green, clean, high-tech direction, with modern technical infrastructure including centralized wastewater treatment systems.
Proactively Addressing Countervailing Tax Measures
Vietnam continues to benefit from prominent advantages such as competitive labor costs, a strategic location (sharing a border with China and access to ASEAN markets), and favorable incentives. Despite initial uncertainties, these strategic advantages ensure Vietnam’s ongoing strength in global trade.
Vietnam maintains a balanced approach to relationships with both Western and Eastern trading partners—maximizing the benefits of global trade agreements. One of its core strengths lies in its smart diplomatic strategies.
Vietnam will continue leveraging its strong diplomatic network to negotiate favorable terms and exemptions for the country.
Additionally, diversifying trade partnerships is another comprehensive effort by the Vietnamese Government. With 12 comprehensive strategic partners and 17 effective Free Trade Agreements (FTAs), Vietnam has built a robust global trade network. To mitigate risks from over-reliance on major economies like the US and China, policymakers have strengthened ties with emerging markets and expanded participation in regional trade blocs.
Besides trade agreements, Vietnam’s demographic advantage plays a key role—with an attractive consumer market drawing major investment from multinational manufacturers like IKEA, Samsung, and LEGO. Policies to enhance human capital and improve infrastructure will further solidify Vietnam’s position as a key player in the global supply chain.
