Vietnam Real Estate Development Center states that according to the approved planning of 63 localities, Vietnam will have 221 newly planned industrial parks, 76 expanded industrial parks, and 22 adjusted industrial parks by 2030.
Currently, Vietnam's industrial real estate sector is experiencing strong growth, driven by the global supply chain shift and the government’s aggressive investment attraction policies.
As the economy becomes more deeply integrated, the demand for industrial land is increasing, leading to the expansion and addition of numerous new industrial parks in local planning.
Notably, many provinces and cities across the country are actively promoting the planning of new industrial parks to meet investment demand and enhance competitiveness.
On February 17, 2022, Bac Giang was the first locality to have its planning approved. By December 31, 2024, Ho Chi Minh City became the last of the 63 localities to complete the approval process for the 2021-2030 period, with a vision to 2050. This serves as an important foundation and a clear economic-industrial development orientation for each locality.
In the new planning, each locality has set investment attraction goals and aims to expand industrial land to capitalize on the production shift trend. Notably, many localities are not only expanding existing industrial parks but also actively adding large-scale new industrial parks to drive strong growth.
The addition of new industrial parks not only enhances competitiveness but also boosts Vietnam’s socio-economic development, strengthening its position among regional countries.
In addition to the 221 newly planned industrial parks, many provinces and cities have adjusted their plans and expanded industrial land within existing parks.
"This not only attracts investment but also creates strong appeal for domestic and foreign manufacturing enterprises. The trend of developing new industrial parks is expanding beyond traditional industrial hubs to emerging localities, fostering balanced development nationwide," according to the Vietnam Real Estate Development Center.
According to VPBankS Research, Southeast Asian countries are emerging as attractive destinations for the China strategy for three key reasons:
- The trend of diversifying value chains and expanding production capacity into new markets and industrial centers.
- Concerns over escalating US-China trade tensions, which have prompted large corporations to seek new manufacturing bases.
- The increasingly favorable investment environment in Southeast Asia, which is becoming more attractive than China due to macroeconomic factors, workforce availability, operational costs, infrastructure quality, tariff incentives, and ease of market entry.
The research firm also notes that among Southeast Asian countries, Vietnam holds a competitive edge in operational costs. Compared to its direct competitor, Indonesia, Vietnam offers a wide and diverse range of industrial land rental prices suitable for various leasing needs, along with the lowest construction and electricity costs for production in the region.
Currently, the manufacturing and processing industry remains the primary sector attracting FDI into Vietnam for the 2025-2026 period, with Apple leading the relocation wave.
JP Morgan estimates that Apple will shift production lines to ensure Vietnam’s manufacturing capacity reaches 65% of AirPods, 20% of iPads, 20% of Apple Watches, and 5% of MacBooks globally by 2025. Additionally, major names like Dell, Google, and Lenovo are also planning to move production to Vietnam soon.
With its geographical advantages and a favorable environment for electronics and electronic component manufacturing, industrial parks in northern Vietnam will continue to be a prime destination, capturing opportunities in this relocation trend.
Alongside seeking investment opportunities in potential industrial parks, investors must pay special attention to legal procedures to ensure smooth project implementation and compliance with regulations.
SD LINK is a reputable legal consulting firm that supports domestic and international investors with legal procedures related to investment, business establishment, construction permits, environmental compliance, and other industrial park-related legal matters.
With an experienced team and in-depth knowledge of Vietnam’s investment policies, SD LINK is committed to accompanying investors from the initial stage, helping to optimize legal processes, save time and costs, and enable businesses to focus on production, business operations, and sustainable development in Vietnam’s promising industrial parks.