An industrial warehouse in Viet Nam is purpose-built storage and distribution space designed for bulk goods handling. These facilities are typically leased by logistics providers, retailers and manufacturers needing storage, cross-docking or last-mile distribution capacity.
Warehouse units generally range from 1,000 sq m to over 20,000 sq m. Supply concentrates mainly around Ha Noi, HCMC and the wider south.
National warehouse supply has expanded steadily. Rents differ by building grade and proximity to ports and expressways, with newer Grade A stock priced above older facilities. In H1 2025, Grade A warehouse rents averaged about USD 5.5 per sq m per month in Ha Noi and USD 5.3 in HCMC. Demand is driven largely by e-commerce growth and supply chain diversification into Viet Nam.
Occupiers comparing this option against industrial land in Viet Nam should weigh storage needs against long-term land control.
Savills provides leasing, valuation and market advisory services for industrial warehouses in Viet Nam. Our industrial property services team can help assess site fit.
Song Khe, Bac Giang
Total area:670000 m²
Vacant area:TBC m²
Hoa Phu IP, Hiep Hoa, Bac Giang
Total area:193061 m²
Vacant area:NA
Bac Giang City, Bac Giang Province
Total area:660000 m²
Vacant area:150000 m²
These variables decide whether a warehouse fits:
Warehouse supply concentrates in a few key clusters:
Rents vary more by building grade and proximity to ports and expressways than by region. Grade A stock near the major cities commands the highest rates in both the north and the south, while older facilities and emerging provinces sit below. Read our latest Viet Nam industrial market research for current supply and rental data.
Occupier sectors leasing warehouse space include:
Over the past 12 to 24 months, demand has shifted toward facilities near urban centres to support faster delivery times.
Warehouse space suits occupiers focused on storage, distribution or fulfillment. It is not the right fit for heavy manufacturing needing higher power capacity or specialised fit-out, where factory space in Viet Nam may be more suitable.
Occupiers needing long-term land control for custom builds should also consider industrial land in Viet Nam.
Supply near the major cities remains tight, and specification gaps persist in older stock. Occupiers seeking modern facilities near major cities should expect longer lead times and should plan site searches well ahead of their target move-in date.
For a detailed comparison across property types, view our logistics land options or speak with our leasing team.
An industrial warehouse in Viet Nam is purpose-built space for storing and distributing goods. Units typically range from 1,000 to 20,000+ sq m and are leased by logistics firms, retailers and manufacturers needing storage or distribution capacity.
Rents vary by building grade, specification and proximity to ports and expressways rather than by region. In H1 2025, Grade A warehouse rents averaged about USD 5.5 per sq m per month in Ha Noi and USD 5.3 in HCMC (Savills, August 2025). Effective rents typically land 8 to 12% below asking once incentives are factored in.
Main clusters sit around Ha Noi, Bac Ninh, HCMC (including the former Binh Duong area) and Hung Yen, with emerging supply in Tay Ninh (formerly Long An) and Dong Nai due to expanding road networks and land availability.
Building leases typically run 3 to 10 years with renewal options. These sit on top of the park's underlying land use right, which under Viet Nam's Land Law runs up to 50 years, extendable to 70 years for large-scale or slow-return investments. Renewal terms, deposit levels and rent escalation clauses vary by landlord and should be reviewed carefully before signing.
E-commerce, logistics and retail distribution sectors are the primary users. Heavy manufacturers with specialised production needs typically look at factory space instead.
A warehouse is primarily for storage, holding goods between delivery and dispatch. A logistics facility is built for throughput, with more dock doors, deeper yards and layouts designed for cross-docking and rapid turnover rather than long dwell times. Occupiers moving high volumes with short storage times usually need the second, even when both are marketed as warehouse space.
Yes, though supply is limited relative to demand and concentrated near the major cities and ports. Cold storage costs substantially more to lease than ambient space, reflecting insulation, refrigeration plant and power redundancy. Occupiers in food, pharmaceutical and fresh e-commerce segments should expect longer lead times and fewer available options than for ambient space.
E-commerce fulfilment prioritises dock provision, floor flatness and clear height for racking density, alongside drive time to the urban delivery area. Power capacity matters for automation. Proximity to the consumer base usually outweighs rent savings, which is why fulfillment occupiers concentrate close to Ha Noi and HCMC rather than in cheaper outlying provinces.
