Industrial and logistics market in 7 key Northern provinces including: Hanoi, Bac Ninh, Hai Phong, Vinh Phuc, Hung Yen, Hai Duong and Quang Ninh
The Northern Key Economic region will continue to benefit from its locational advantage, and the improving infrastructure network. In the remaining 2024 – 2027 period, there will be about 5.100 ha of leasable IP land entering the market. Besides the NKER region, other surrounding industrial provinces such as Bac Giang, Ha Nam, and Thai Binh also announced several new industrial parks in their newly approved provincial master plan 2021 – 2030, vision to 2050
In the 2024 – 2027 period, the Northern region is expected to welcome about 1.1 million sq.m of RBF. Following the investment capital flow into Vietnam from large manufacturers, demand for RBF is forecasted to be healthy.
In terms of future RBW supply, the NKER will welcome about 1 million sq.m into the market in 2024 – 2027. As the market now evolves with increasing demand from high value-added industries such as the Electronics and Semiconductor industry, there will be more supply of multi-floor factory/warehouse, and the hybrid, dual-function model of both ready-built factory and ready-built warehouse, to cater to this demand.
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