In 2023, Vietnam is still attracting foreign investors into the field of packaging production. This is an ongoing trend when packaging output is increasing day by day. The promotion of the packaging factory for lease in Vietnam is expected to continue to grow strongly. So, when renting a factory in Vietnam, what advantages will packaging manufacturers have? Join Savills Vietnam to learn about the strengths of factories for rent in the domestic market.
Packaging Industry Booms, Offering Lucrative Investment Prospects for Savvy Entrepreneurs
The packaging industry is one of the fastest-growing industries in Vietnam. In 2021, Vietnam’s paper packaging market will be valued at $2.06 billion USD. It is expected to reach 3.11 billion USD in 2027 and achieve a compound growth rate of 7.5% in the period 2022–2027.
By 2022, the output of packaging production will reach about 10.5 million tons, an increase of 11.5% compared to 2021, in which plastic packaging accounts for the largest proportion with an output of about 4.2 million tons, an increase of 12.5% over the previous year. Paper packaging also grew strongly, with an output of about 3.6 million tons, up 11% year-on-year. Meanwhile, metal packaging and glass packaging grew more slowly, with growth rates of 6.5% and 8.5%, respectively.
The packaging industry grows strongly to achieve the target in the period of 2022-2027
At the same time, the Vietnamese government is implementing many supportive policies for the packaging industry to attract investment. These policies include tax exemptions and financial support for businesses in the industry.
With the development of the economy, packaging enterprises in Vietnam have improved their competitiveness, from design and production to after-sales service. This brings opportunities for investors to cooperate and invest in packaging manufacturing enterprises in Vietnam. Promoting the service of the packaging factory for lease in Vietnam in the industrial real estate market for development and potential exploitation in 2023.
Advantages of renting a packaging factory in Vietnam
Hiring a food packaging factory in Vietnam to expand production and business activities will bring many benefits to domestic and foreign businesses, including:
– Lower costs compared to using foreign packaging manufacturers: Using a Vietnamese packaging factory can reduce the cost of packaging production compared to using a packaging manufacturer in other countries such as China, Thailand, Malaysia, or India.
– Minimize delivery time while ensuring product quality. When using a domestic packaging factory, the delivery time will be reduced due to the shorter delivery distance. In addition, businesses can also control product quality better because they can check directly at the factory.
– Stable supply and secure packaging production: businesses can stabilize packaging supplies and ensure production security, especially when manufacturing products require high security.
Using a packaging factory helps businesses save costs and optimize the price of products
However, when choosing a factory for lease, businesses need to pay attention to the following conditions: quality of the factory, equipment and machinery, production environment, location, standards of occupational safety, legal procedures, etc. to ensure stable and long-term operation.
Discover the best Providers of Packaging Factory for Lease in Vietnam, Offering Outstanding Quality and Competitive Prices
Established in 2017, Savills Vietnam offers customers a full package rental and purchase service for industrial real estate projects, including factories, data centers, and packaging factories in Vietnam. With a huge data system that is updated regularly, Savills Vietnam easily analyzes the market and forecasts potential development for you to grasp the market.
Savills Vietnam, proving the most prestigious, quality, and convenient packaging factory for rent in Vietnam
With a comprehensive system and consultation from leading domestic and foreign experts in the industrial real estate industry, Savills Vietnam has brought a solution for renting packaging factories in Vietnam with low rental rates, and consulting services tailored to each different customer segment.
Our services are provided by leading experts with extensive market knowledge and experience to support our clients: market entry to planning and development, leasing, investing, pricing, and trading,…
High-Quality Factory for lease in Pho Yen, Thai Nguyen
– Entire area: 120,000 m²
– Minimum lease term: 03 years
– Load: 2t/m2
– Ceiling Height: 6.5 – 10m
– Price: Contact Savills
High-Quality Factory for rent in Pho Yen, Thai Nguyen
Good Quality Factory for Lease in Bac Ninh
– The whole area: 6,700m2
– Vacant area: 6,700m2
– Minimum lease term: 3 years
– Land use period: 2055
– Price: Contact Savills
Storage warehouse for rent in Yen Phong, Bac Ninh
More: Factory for Sale in Bac Ninh
High Quality Factory for rent in Lien Chieu District, Da Nang
– The whole area: 5,300m2
– Minimum lease term: 2 years
– Unit/workshop area: 2,000 sqm
– Price: Contact Savills
High Quality Factory for rent in Lien Chieu District, Da Nang
Factory for Sale in Bien Hoa, Dong Nai
– Entire area: 10,500 m
– Vacant area: 7,947 m2
– Term of land use right: 2042
– Land use right: land paid for 1 time
– Price: Contact Savills
High-Quality Factory for rent in Pho Yen, Thai Nguyen
Read more: Potential Market of Food Producing Factory for Lease in Vietnam 2023
Conclude
The demand for packaging is increasing in industries, especially food and beverage, electronic products, pharmaceuticals, and chemicals. Meanwhile, the promotion of Vietnam’s packaging exports is also contributing positively to the development of the domestic industrial real estate rental market.
If you are interested in renting a packaging factory in Vietnam, please contact Mr John Campbell via hotline: 0986.718.337 or contact Savills Vietnam for detailed advice on suitable factory projects for lease.
In addition, you can refer to our industrial real estate projects here.
