In 2026, industrial land rents in Vietnam, calculated for the remaining lease term, are about USD 143/sq m in the Northern Tier-1 market and USD 183–186.4/sq m in the South; ready-built factory rents are about USD 5/sq m/month. Under Article 172(1)(c) of the 2024 Land Law, project land-use terms are capped at 50 years, not 99 years. The Northern Tier-1 industrial land occupancy rate was reported for Q2 2026.
Key takeaways
- Northern Tier-1 industrial land: about USD 143/sq m (Q2 2026, CBRE).
- Southern industrial land: USD 183–186.4/sq m (Q1–Q2 2026).
- Ready-built factory rents: about USD 5.0–5.1/sq m/month in the North and USD 4.9–5.2/sq m/month in the South.
- Land-use terms: up to 50 years for projects, or up to 70 years for qualifying projects.
- Foreigners may own a home for up to 50 years from the date the pink ownership certificate (Pink Book) is issued, with the possibility of renewal. If resold to a Vietnamese buyer, ownership of the home becomes long-term (permanent). Foreigners cannot obtain permanent or perpetual ownership.
On this page
Suppose you are signing a contract in Binh Duong (now part of Ho Chi Minh City), where the industrial park developer collects land rent for the entire lease term upfront. Check the remaining lease term and land-use certificate before paying a deposit.
Vietnam industrial park rents in 2026: What do CBRE and C&W report?
CBRE and Cushman & Wakefield use different scopes: CBRE focuses on Tier-1 markets, while C&W covers a broader basket of provinces. The figures should not be combined in a single table.
| CBRE | Metric | Value | Period |
|---|---|---|---|
| Northern Tier-1 industrial land | For the remaining lease term | About USD 143/sq m | Q2 2026 (up 2.9% year over year) |
| Northern Tier-1 industrial land | Occupancy rate | Q2 2026 | |
| Southern industrial land | For the remaining lease term | USD 183/sq m | Q1 2026 (up 4.0% year over year) |
| Northern ready-built factories | Rent | USD 5.1/sq m/month | Q2 2026 |
| Southern ready-built factories | Rent | USD 5.2/sq m/month | Q1 2026 |
Planning a plant? Tell us what you make, the floor area and the start month →
| Cushman & Wakefield | Metric | Value | Period |
|---|---|---|---|
| Industrial land in key northern economic zones | For the remaining lease term | USD 137.7/sq m | Q2 2026 (up 2.7% year over year) |
| Industrial land in key southern economic zones | For the remaining lease term | USD 186.4/sq m | Q2 2026 (up 1.7% year over year) |
| Dong Nai (including former Binh Phuoc Province after the merger) | Industrial land | USD 189.6/sq m | Q2 2026 |
| Ho Chi Minh City (including former Binh Duong Province after the merger) | Industrial land | USD 187.5/sq m | Q2 2026 |
| Tay Ninh (including former Long An Province after the merger) | Industrial land | USD 179.6/sq m | Q2 2026 |
| Northern ready-built factories | Rent | USD 5.0/sq m/month | Q2 2026 |
| Southern ready-built factories | Rent | USD 4.9/sq m/month | Q2 2026 (Ho Chi Minh City 5.1, Dong Nai 4.9, Tay Ninh 4.6) |
Why do the two firms report different Vietnam industrial park land prices?
CBRE reports figures based on pre-merger provinces and Tier-1 markets; C&W uses post-merger provinces and a broader market scope. Rent growth is slowing.
Setting up a factory in Vietnam: Ready-built factory rents and vacancy rates
Ready-built factory rents are quoted monthly at about USD 5/sq m/month. Southern ready-built factory rents were USD 5.2/sq m/month in Q1 2026. C&W reported USD 4.9/sq m/month for the South in Q2 2026.
Lease terms and payment methods for industrial land for lease Vietnam
Article 172(1)(c) of the 2024 Land Law sets a maximum land-use term of 50 years for projects; projects qualifying under Article 31 of Law No. 143 of 2025 may receive terms of up to 70 years. Article 202 allows subleased land rents from industrial park developers to be paid annually or upfront. Foreigners cannot buy land in Vietnam, but may own homes under the applicable rules: ownership is limited to 50 years from the date the pink ownership certificate (Pink Book) is issued, with the possibility of renewal. If resold to a Vietnamese buyer, ownership of the home becomes long-term (permanent).
The Ministry of Industry and Trade’s 2025 guide does not provide industrial rent data. Some Chinese-language media reports refer to “99 years,” but this claim lacks a legal basis; the Land Law should be followed.
How foreigners can lease land: Leasing is allowed, buying is not
Land in Vietnam is owned by the state. Foreign companies and individuals use land through subleases from industrial park developers, in accordance with their contracts. Rent can be paid annually or upfront for the entire lease term.
The risks involve the lease term, deposits and funds tied up in the transaction. To protect against losses, obtain the industrial park developer’s land-use rights certificate and the sublease agreement. Before payment, have the sales team verify the land-use certificate, remaining lease term and contract terms.
Frequently asked questions
Can you buy land in Vietnam?
No. Foreigners cannot buy land in Vietnam; they can only lease land-use rights under a contract.
How much is factory rent in Vietnam?
Are industrial park lease terms in Vietnam 50 years?
Yes. Article 172(1)(c) of the 2024 Land Law sets a maximum term of 50 years for projects, or up to 70 years for qualifying projects.
Before making payment, confirm these three items in writing: the remaining lease term, whether rent includes VAT and management fees, and the land-use certificate and contract terms. Contact the sales team via Zalo or WeChat to request the official price list and details of the remaining lease term.
