The market for food producing factory for lease in Vietnam is expected to continue to grow strongly in 2023. With the development potential and advantages of the food industry, the demand for leasing food production factories is increasing.
Maintain positive growth momentum, and attract domestic and foreign investors
According to statistics from the Ministry of Planning and Investment in 2022, the industrial real estate sector, including factory leasing, has attracted more than 1.7 billion USD of FDI, a growth of 59.8%. compared to the same period last year.
Report of Savills Vietnam, in the third quarter of 2022, the number of factory leasing transactions in industrial parks in Vietnam has increased significantly compared to the same period last year, reaching about 270,000 square meters, up 64% compared to the same period last year.
Along with that, the occupancy rate of industrial zones nationwide still tends to increase sharply, reaching over 80%, and in the southern provinces and cities, reaching 85%. This also predicts the strong fluctuation of factory rent in the coming time will also increase by about 10% over the same period last year.
In January 2023, the number of newly registered FDI projects in Vietnam reached 153 projects, up 48.5%, 3 times higher than in the same period last year. In particular, at the beginning of 2023, China also opened up its economy, which is expected to restore the broken supply chain for a long time. This is an opportunity for other countries in the region, especially, Vietnam to take advantage of opportunities to attract investment capital and speed up economic development in times of crisis.
The supply in 2023 is still limited and the demand for food-producing factories for lease in Vietnam is still high, and the rental price remains high. In the southern region in 2022, the average rent will reach 100-120 USD/m2/lease term and still tend to increase.
The Benefits of Renting a Food processing Factory in Vietnam
When renting a food processing factory in Vietnam, businesses will have many advantages as follows:
Saving investment costs: instead of having to invest a large amount of money to build their own factory, businesses can rent an existing food processing factory and save initial investment costs.
Production process optimization: a food factory in Vietnam is often equipped with modern equipment and a team of experienced technicians, helping to optimize production processes and improve product quality.
Short production time: the development of the digital economy also contributes to the increase in demand for renting factories for food production. Businesses are transitioning from manual production to more automated production, requiring food processing plants with modern equipment and technology.
Leveraging local materials: businesses can utilize local materials and produce highly specific local products, increasing the competitiveness of their products in the market.
Read more: 2023 Outlook for the Packaging Factory for Lease in Vietnam
Savills specializes in providing food producing factory for lease in Vietnam
Savills Vietnam is one of the leading corporations providing domestic and international industrial real estate solutions. With more than 9 years of experience in this field, Savills provides leasing services for factories, warehouses, storehouses, food processing factories, and production facilities for many businesses such as Shopee, Saodo Group, Medtronic, etc.
Savills Vietnam gives customers the best experience when providing full service. From consulting to design solutions to choosing a location, helping customers save time and costs. With a large database, Savills experts can analyze the market and offer optimal solutions for customers.
Savills Vietnam has a team of experienced and specialized staff with a global perspective, combined with a constantly updated data source on market fluctuations. We provide our customers with optimal solutions and business development opportunities in the fast-growing food manufacturing industry in Vietnam. Featured with the service of Food producing Factory for Lease in Vietnam, which attracts the interest of many businesses.
– The whole area: 82,000m2
– Vacant area: 5,000m2
– Minimum lease term: 3 years
– Load: 2t/m2
– Ceiling height: 7.5m
– Price: Contact Savills
– The whole area: 140,900m2
– Vacant area: 96,000m2
– Price: Contact Savills
- The whole area: 19,000m2
- Vacant area: 10,000m2
- Minimum lease term: 03 years
- Load: 2t/m2
- Ceiling Height: 5.5-8m
- Price: Contact Savills
- The whole area: 11,915m2
- Minimum lease term: 3 years
- Load capacity: 1 ton/m2
- Ceiling Height: 4 – 4.5m
- Price: Contact Savills
Read more: Is Manufacturing in Vietnam Worth It? Weighing the Pros and Cons of manufacturing in Vietnam
Considered to have great potential, the food industry has promoted the rental market of food production factories that will continue to grow strongly in 2023. Food production enterprises need to find factories, professional factories, that can match their needs in terms of quality, food safety standards, and business operations.
If you are in need of advice on renting a food producing factory for lease in Vietnam, please contact Mr John Campbell via hotline: 0986.718.337 or the Senior staff of Savills Vietnam. We provide factories for rent with competitive prices, dedicated support, and convenient locations.
In addition, you can refer to industrial real estate projects here.