return icon

Demand for logistics real estate increases sharply: Savills Vietnam

Vietnam’s logistics industry is developing strongly thanks to the growth of the e-commerce industry, according to Savills Vietnam.
Demand for logistics real estate increases sharply: Savills Vietnam hinh anh 1
Nam Hai Dinh Vu Port in Hai Phong city. (Photo: VNA)

This is one of the factors that make the demand for logistics real estate increase sharply, it said.

A survey by Savills Vietnam showed that Vietnam's logistics industry is enjoying significant growth due to the development of the national economy, and the manufacturing and e-commerce sectors.

According to a report on the emerging market logistics index released earlier this year by Agility, a leading logistics and transportation service provider in 2022, Vietnam ranks 11th among the world’s top 50 emerging markets, only behind Indonesia, Malaysia and Thailand in the Association of Southeast Asia Nations.

Vietnam's transport and logistics market is estimated to grow at a compound annual growth rate (CAGR) of 7% in the 2021-2026 period. The Vietnamese government encourages enterprises manufacturing and attracts investment by establishing industrial and economic zones. Despite challenges from the COVID-19 pandemic, this industry still thrives thanks to opportunities brought about by domestic production and consumption, economic growth, free trade agreements (FTAs) and the e-commerce boom.

According to Matthew Powell, Director of Savills Hanoi, Vietnam is a destination for many businesses in the manufacturing and logistics sectors, especially before the development of the e-commerce industry. This is coupled with an increased demand for high quality industrial real estate.

Currently, many businesses find it difficult in the search for locations for their factories and warehouses. Industrial parks and warehouse logistics, especially around big cities like Hanoi, have high occupancy rates even up to nearly 100% in many places. The supply of industrial real estate is falling to keep up with the demand of enterprises.

This offers an opportunity for international real estate developers to invest in Vietnam, he said.

Many investors are seizing the opportunity to launch products that are suitable for the market, therefore, the supply shortage will soon be resolved in the coming months, Powell said./.
Source: VNA


VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.

Vietnam issues new regulations on storing data in cyberspace businesses

The data must be stored for at least 24 months, and system logs for criminal investigation purposes must be stored for at least 12 months.

12 sailors dead from suspected food poisoning on Chinese vessel, nine more hospitalised

Nine more critical ill sailors were saved after being taken to hospital in the southern province of Ba Ria-Vung Tau.

Tran Van Thao becomes first Vietnamese IBA champion

Tran Van Thao won the International Boxing Association (IBA) belt after overcoming Andrew Laurio of the Philippines, marking a significant milestone in his career and Vietnamese boxing as a whole by becoming the nation’s first IBA champion.

Users of Vietnamese digital platform surge 23.5% in August

Vietnamese’s use of domestic digital platforms recorded a year-on-year rise of 23.5% in August, with 494 million users.


Prime Minister chairs teleconference to review Jan-Sept socio-economic performance


Much room for sustainable growth of industrial real estate

Vietnam looks to upgrade int'l merchant fleet

Vietnam’s maritime sector is striving to upgrade its international merchant fleet in order to reduce the country’s dependency on foreign-owned vessels in export-import activities.

Banking, real estate not ideal options for short-term investors

By the end of this year, oil and gas, transportation, insurance, retail, and hydropower sectors will see positive signals, while the banking and real...

Supply shortage pushes up prices of many drugs

The prices of anaesthetics have increased due to supply disruptions, said insiders at some hospitals and dental clinics.

Vietnamese paragliders to fly high at World Cup

They are among the 120 best pilots in the world, gathering in Gochang, a county in North Jeolla Province.

Three police officers dismissed from force after beating teenagers

They are Captain Chau Minh Trung, Lieutenant Nguyen Quang Thai and Lieutenant Doan Tan Phong.

Vietnam has “golden chance” to welcome new FDI wave

Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Foreign movies generate more revenue than locally produced films

After one week of release, the film ‘Suddenly Winning the Lottery’ earned VND 71 billion and remained firmly at No. 1 on the box office revenue chart. The film is one of the foreign films generating more revenue than locally produced films.