Vietnam South Industrial Park Market Dynamics Q4 2025

JLL reports stable industrial demand in southern Vietnam, with overall occupancy rising to 84% in Q4 2025 despite the removal of Bien Hoa I Industrial Park, which reduced occupied space by 231 ha and resulted in negative net absorption of 174 ha. Excluding this adjustment, underlying market absorption reached 57 ha, up 16% q-o-q.

No new supply entered the market, and total stock stood at nearly 27,900 ha, with Binh Duong and Dong Nai accounting for 55% of the region’s supply. Average industrial land rents edged down 0.2% q-o-q to USD 207/sqm/lease term, but annual growth remained positive at 1.7%, influenced by premium parks existing in the market.

Looking ahead, with new supply expected in 2026, absorption is set to rise. Average rents are forecast to grow at a 4% CAGR through 2030, with a slower pace as development moves beyond established hubs.

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