Industrial real estate was the only bright spot in the real estate market in 2023. As more foreign investors came in Vietnam, the demand for industrial land and ready-made workshops increased, pushing rental prices up.

The demand for industrial land for rent in Vietnam will remain high this year thanks to policies promoting investment in the country, experts said.

VOV.VN - The demand for industrial land, logistics services, and ready-built warehouses is poised to continue recording strong growth moving into next year, according to real estate experts of Savills Vietnam.

The sudden increase in demand for land, factories, and warehouses in Vietnam has pushed up rental costs at industrial parks (IPs) near major cities, according to Savills Vietnam.

Vietnam needs to increase policies to promote the development of the domestic mechanical engineering industry and enable local manufacturers to compete with foreign competitors.