Summary and analysis of Vietnam North's current industrial park real estate market conditions.
Insight
Vietnam North Industrial Park Market Dynamics Q2 2025
• The market records no new supply during the first half of 2025.
• More cautious on investment decisions, resulting in low net absorption in Q2 2025. However, this is likely a temporary reaction while awaiting final negotiation outcomes on reciprocal tariff.
• Average asking rent across industrial parks experiences minor adjustments during the quarter.