Savills Vietnam forecasts growing demand for industrial, office property
Government policies and market forces are expected to propel the real estate sector for continued growth in 2024, with demand in industrial and office leasing segments expected to increase, according to experts from Savills Vietnam.
HCM City (VNA) - Government policies and market forces are expected to propel the realestate sector for continued growth in 2024, with demand inindustrial and office leasing segments expected to increase, according to experts from Savills Vietnam.
The latest report of the company saidhi-tech investment incentives are generating significant demand for industrialreal estate, including warehouses, cold storage facilities, logistics and datacentres. Tax incentives, favourable land policies and streamlined administrativeprocedures have attracted high-tech investors to Vietnam, notably giants fromthe US, the Republic of Korea and Japan.
To meetthe ever-growing demand, developers have heavily invested in industrial realestate projects, especially in areas with potential in attracting hi-tech projects such as HoChi Minh City, Hanoi, Binh Duong, Dong Nai, Bac Ninh, Bac Giang and Thai Nguyen.
Accordingto Savills Vietnam, the Vietnamese office market has defied the global trend,maintaining a high occupancy rate with stable rental growth. Notably, Ho ChiMinh City stands out as one of the potential office markets in the Asia-Pacific,boasting an occupancy rate of over 90%, while Hanoi also witnesses a highoccupancy rate of 85%.
Foreignenterprises and technology companies are increasingly interested in Environmental,Social, and Governance (ESG) standards,leading to a growing demand for certified sustainable offices. In Ho Chi MinhCity, around 28% of Grade A office supply is green certified, and it ispredicted that by 2026, 80% of Grade A and B office supply will be certified.
InHanoi, 20% of Grade A office supply was already green certified as of December2023, with an additional 68,400 sq.m of green office space expected from newprojects such as 27-29 Ly Thai To, Grand Terra, and Tien Bo Plaza.
ꦜ GeneralDirector of Savills Vietnam Neil MacGregor said there is a growing demand for offices insuburban areas where rental prices are lower and commuting to industrial zonesand high-tech parks is more convenient.
By the end of 2026, Grade Aand B office supply in Ho Chi Minh City is projected to increase by anadditional 200,000 sq.m, representing a 20% increase from the current supply.Hanoi is expected to add 220,000 sq.m, up 13% from the existing supply./.
One of the critical factors helping attract impressive industrial investments to the Mekong Delta is a series of important infrastructure projects, according to Savills Vietnam.
Vietnam saw positive performance in the office market in its largest cities, Hanoi and HCM City, during the first nine months of this year, according to foreign real estate research firms based in Vietnam.
The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies.
The increasing demand for fresh food and e-commerce is serving as the main driving force of the domestic cold storage market - a niche segment of logistics to boom in the coming time.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Photo: VNA) 
