The provinces of Binh Duong and Long An are still active markets in the South, with both land price and rental rate soaring, while the industrial zones in the North are also attractive.

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.

Industrial property continues dominating the market thanks to the fast growing manufacturing industry.

As Vietnam has emerged as an attractive option for companies seeking to diversify their manufacturing operations, industrial zone developers are planning to expand their land banks to welcome new investments heading to the country.

The land price spike has caused investors to reconsider their projects and postpone new business plans.

Foreign capital is pouring into Vietnam's industrial real estate market through M&A activities, with the CPTPP to have a significant impact on this investment trend.