According to a report by Vietnam Investment Consulting, the industrial warehouse market is showing many positive signs with an average occupancy rate nationwide reaching 77%, an increase of 4% over the same period in 2023.
Investors prioritize renting factories in industrial parks
Market data from Cushman & Wakefield shows that factory leasing activities have been more active since the second half of 2023, the absorption rate of ready-built factories continues to increase due to the recovery of industrial production, and many large corporations and suppliers are accelerating their move to Vietnam.
However, opportunities are not evenly distributed across segments. In the areas surrounding industrial parks (IPs), rental and selling prices of small factories scattered in residential areas are decreasing, but the absorption rate is decreasing. This is most evident in the areas surrounding Ho Chi Minh City and the provinces of Dong Nai, Binh Duong, Ba Ria - Vung Tau, Long An, etc.
According to analysis by market research units, most small factories outside industrial parks are not legally guaranteed, built on agricultural land, are not the right size, lack infrastructure, etc., so it is difficult to attract investment.
On the contrary, factories for rent in industrial parks are increasing in attraction because they bring many benefits to investors, ensure legal factors, meet standards on land, fire prevention, environment, construction and are suitable for planning, and have full industrial infrastructure.
The investor of Long Thanh Industrial Park (Dong Nai) said that most medium-sized and smaller manufacturers choose to rent ready-built factories in the industrial park to quickly start production and shorten the time to bring products to market; saving time and costs. In addition, customers can flexibly choose the lease term, enjoy preferential policies as well as be provided with comprehensive legal consulting and support services.
From practical experience, Sonadezi said: “Customers often choose factories with convenient locations for road, waterway and air traffic connections; green infrastructure and full services and utilities. In addition, investors prioritize choosing reputable and professional suppliers who provide appropriate solutions and meet the criteria in design, construction, care and maintenance services for factories.”
The system of factories for rent in industrial parks in Dong Nai and Ba Ria - Vung Tau of Sonadezi Corporation has achieved an occupancy rate of about 94%, with accumulated investment capital reaching nearly 300 million USD.
Meet the individual needs of each customer
Currently, not only domestic enterprises but also many FDI enterprises are accelerating in the race to expand their factory market share. To increase competitive advantage and welcome new capital flows moving into Vietnam, many industrial park infrastructure investors have had strategies to innovate and diversify products.
Sonadezi leaders said that customer demand for factory products is increasingly diverse and requires higher criteria. In addition to the group of customers who rent land to build their own factories or rent pre-built standard factories, many customers order to build factories according to their requirements, especially those built according to specific industries and fields of operation.
To meet these needs, Sonadezi is developing a diverse supply, increasing construction solutions according to each customer's specific requirements, meeting construction and fire protection standards and optimal technical criteria for many industries.
With more than 1,000 hectares of commercial land available for immediate exploitation, Sonadezi and its member units are promoting the development of a system of standard factories in key locations, in parallel with leasing industrial land. Up to now, Sonadezi has built and put into operation more than 100 factories in many industrial parks such as Long Thanh, Chau Duc, Thanh Phu, Giang Dien, Xuan Loc, Nhon Trach 2.
According to statistics from Sonadezi's industrial parks, customers renting factories in the past 9 months mainly come from Japan, Korea, China, Singapore, Canada, Taiwan (China). Most of the projects are in fields such as electronics, mechanical industry, supporting industry...
