Summary and analysis of Vietnam North's current industrial park real estate market conditions.
Insight
14 May 2026
Vietnam North Industrial Park Market Dynamics Q1 2026
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The Northern IP land market achieved impressive net absorption of 150 ha in Q1 2026—nearly one-third of total 2025 absorption. Total supply reached approximately 12,900 ha with an occupancy rate of 81.6% following the addition of 105 ha in Hai Phong. Average asking rent increased 2.9% q-o-q to USD 170.2 per sqm per lease term (+5.6% y-o-y), supported by strong FDI inflows and year-start pricing adjustments.
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