With the current fluctuation in the industrial real estate market and the increasing number of the foreign investors entering Vietnam, a new business trend of ready-built factory for rent has been found to meet the needs of all enterprises today. Along with that situation, many industrial development investors have shifted from leasing long-term industrial lands to building factories for rent at a cost of only about USD 2,5 to USD 3,5/m2/month. This has made a great contribution to creating conditions for industrial real estate to take a new development step as well as to be exploited in a deeper way. CBRE – a global real estate consulting and management group has informed that “The ready-built factory market in Vietnam is becoming very exciting. CBRE has received a wide variety of rental requests from customers ranging from small areas of 500 m2 to large factory with an area up to 25,000 m2”.
To meet the needs of the market today, some investors also build and design ready-to-serve factories matching with each line of the manufacturer. In addition, there are additional services such as labor leasing, management consultancy, support provision in a number of papers and procedures on licensing, etc. Thanks to such supportive services, the investors may save a lot of time and arising costs.
A specific factory in Binh Duong
From the situation of increasing industrial land price, it can be seen that the shift of the investors towards the business trend of ready-built factories for rent is the best solution to solve the difficulties of domestic and foreign enterprises when investing in Vietnam. It is important that the Government needs more policies to support and encourage the investors to invest in this type of business.”