The Northern region is still "thirsty" for high-quality factories.

The supply of industrial parks and ready-built factories in the North is increasing rapidly, but the demand for rental is still far exceeding the capacity to meet the demand. High occupancy rates, especially in Hanoi, Bac Ninh, and Hai Phong, show that this area is still "thirsty" for high-quality supply.

In the Northern Key Economic Zone, the total supply of industrial park (IP) land has reached 23,563 hectares, an increase of 37% compared to before the administrative boundary merger.

In the third quarter of 2025 alone, the market continued to "make waves" with 3 new industrial park projects in Phu Tho, Hai Phong and Ninh Binh, adding more than 700 hectares of land for lease - a number showing that the North is accelerating to catch up with the industrialization momentum of the South.

According to the latest report by Cushman & Wakefield, the average occupancy rate in the Northern Industrial Parks reached 67%. Many localities have very strong rental demand: Hanoi is almost 100% full of land fund, Bac Ninh maintains 86% occupancy. In which, electronics, circuit boards and high-tech components are the leading industries.

Average rental price reached 133 USD/m2/rental cycle, up 4% compared to the same period in 2024, reflecting a long-term upward trend.

From now until 2028, the North is expected to have an additional 6,500 hectares of new industrial land, of which Ninh Binh stands out with the Dong Van V and VI Industrial Park project of Western Pacific investor, with nearly 500 hectares for lease, phase I investment capital of about 2,900 billion VND.

Developed according to the Industrial Park & ​​Logistics Cluster model, Dong Van V Industrial Park has available infrastructure, 5-storey factory, flexible subdivision from 0.5 ha, suitable for both foreign direct investment (FDI) enterprises as well as small and medium enterprises (SME).

Mr. Tran Anh Vuong, CEO of Western Pacific, said: “Our goal is not only to develop physical infrastructure, but also to create a complete integrated logistics industrial park ecosystem - where billion-dollar FDI investors, SMEs, and supporting industries connect, optimize value chains and promote sustainable supply chain development for the entire region.”

In particular, Dong Van V Industrial Park focuses on creating conditions for SMEs and suppliers in the multi-layer industrial chain to participate more deeply in the production ecosystem. In particular, Tier 2 suppliers - specializing in the production of specialized components or sub-assemblies for Tier 1 (units directly integrated into the final products of OEMs - original equipment manufacturers), will be given priority support. In addition, Tier 3 suppliers, specializing in supplying raw materials or basic processed inputs for Tier 2, are also encouraged to participate, creating a closed 3-layer supply chain, supporting production at many different levels of complexity and scale. The project also develops a system of warehouses and ready-built factories (RBF) that meet international standards, helping businesses significantly shorten implementation time and quickly put the project into operation.

According to Cushman & Wakefield, as of the third quarter of 2025, Ninh Binh has 5,000 hectares of industrial land, along with 3,000 hectares of planned expansion, with rental prices of only 130-140 USD/m2/rental cycle, much lower than neighboring localities, strongly attracting capital flows from Korea, Japan, China, the US and Europe.

“Eagles” such as Honda, Canon, Hyundai, and LG Display have chosen Ninh Binh as their production base, creating an “industrial honeycomb” effect that spreads throughout the region.

It is known that the supply of ready-built factories (RBF) in the North reached 5.1 million m2, an increase of 14%. In particular, the third quarter of 2025 recorded nearly 100,000 m2 of new ones, including KTG Industrial VSIP Bac Ninh 2 (43,000 m2) and a project in Hung Yen.

The occupancy rate of industrial parks is quite high, reaching 87%, up 4 percentage points compared to the previous quarter. Hot spots such as Hanoi are almost 100% full, Hung Yen is 93%, Hai Phong is 87%, Bac Ninh is 86%.

The ready-built warehouse (RBW) segment was equally vibrant, especially in Bac Ninh and Hai Phong. Total supply reached 3.4 million square meters, up 7.6%. Occupancy rate was 77%, up sharply by 7 percentage points thanks to the need to stock up on goods at the end of the year.

The expansion of administrative boundaries helps to form the Northern Industrial Belt, with outstanding regional connectivity. A series of key projects such as Gia Binh International Airport (level 4E) and the expanded North-South Expressway will be the new logistics “backbone”, helping to reduce supply chain costs for businesses.

Mergers and infrastructure investment policies are creating a seamless industrial-logistics ecosystem, paving the way for large-scale e-commerce distribution centers.

It can be said that the North is entering a double growth cycle, both expanding the scale and improving the quality of projects. The administrative merger not only expands the map, but also repositions the North as a new industrial growth pole.

Source: https://baodautu.vn/khu-vuc-phia-bac-van-khat-nha-xuong-chat-luong-cao-d418572.html