Although developing slower than the North and South of Vietnam, the Central region quickly “caught up” with the growth rate thanks to understanding its potential and planning to promote and utilize it appropriately and moderately, therefore, this area is currently receiving a lot of attention from domestic and international investors. Let’s join KTG Industrial to learn about the outstanding factories for rent in the Central region in the following article!
Industrial development situation in the Central region
The Central region of Vietnam includes 19 provinces and cities (Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, Thua Thien Hue, Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan, Binh Thuan, Kon Tum, Gia Lai, Dak Lak, Dak Nong, Lam Dong and Da Nang). Although developing more slowly than the other two regions, the Central region has quickly asserted its position as the number of industrial parks is constantly increasing (currently 56 industrial parks).
Futhermore, at the present, domestic and international investment capital for this region has clearly improved. Notably, recent news in the Central region of Vietnam is that Runergy Group invested 193 million USD in the Silicon Bar and Semiconductor Disc Factory Project in Hoang Mai I Industrial Park in June 2023. After 2 months, the capital fund increased to 440 million USD. This “implicitly” affirms that Nghe An in particular, and the Central region in general, for the first time received FDI capital poured into the Silicon Bar and Semiconductor Disc Factory Project in Hoang Mai I Industrial Park with a total investment of more than 1 billion USD/year [1].
The Central region has great industrial investment potential, not inferior to the North or the South
Outstanding features of factory for lease Central Vietnam
Nowadays, there are more domestic and foreign enterprises are looking to invest in the Central region because of the following outstanding advantages:
- The area has a prime location – located between the North and the South, as a “gateway” connecting these two regions together. If you find an ideal warehouse rental location, you can expand your business in the three-region market, even neighboring countries.
- The State supports the construction of a quality road system in parallel with opening more ports, airports, etc. to help investors transport goods conveniently in many different forms.
- The resources in the Central region are extremely abundant and have not been exploited much.
- The government has many policies to encourage investment such as preferential tax rates, low income tax, etc.
Factory rental process in the Central region
The warehouse rental process in the Central region includes the following 5 basic steps:
- Step 1: The enterprise determines its warehouse and factory rental needs such as location, quantity, area, purpose of use, etc.
- Step 2: The business owner researches existing warehouse and factory rental projects in the Central region, then compares them in detail to find out the advantages and disadvantages of each place.
- Step 3: After finding satisfactory options, the investor goes directly to the factory location to survey the actual situation.
- Step 4: The business owner reads the contract, negotiates information and signs the factory rental contract.
- Step 5: The enterprise pays the agreed costs and the service provider hands over the project.
Top 3 outstanding areas when leasing a factory in the Central Vietnam
If you do not know which area to choose to locate a suitable factory or warehouse in the Central region, of course you cannot miss one of the following key provinces and cities:
Da Nang
In the past, Da Nang was one of the largest port cities in Central Vietnam. Along with that, Da Nang International Airport is also a place with a strong operating capacity that is not inferior to Tan Son Nhat or Noi Bai airports. These are factors that help Da Nang attract continuous investment capital, especially in the industrial sector (reaching 18,486 billion VND in 2024, an increase of 8.9% compared to 2023). Not only that, Da Nang is gradually transforming, focusing mainly on high-tech industries such as microchip development, semiconductors and artificial intelligence (AI), … so it quickly reached 213.4 million USD of FDI capital in 2024, an increase of 17.9% compared to the same period in 2023 [2].
In 2025, Da Nang aims for breakthrough development, responding to the Resolution of the 13th National Party Congress, the Resolution of the 22nd National Party Congress and the Resolution of the City People’s Council on the 5-year Socio-Economic Development Plan 2021-2025. Specifically, the region continuously promotes public investment projects, actively disburses and removes bottlenecks in the investment sector. At the same time, the government also speeds up the completion of important projects and works such as National Highway 14B, the intersection of the Da Nang – Quang Ngai Expressway, etc. All contribute to creating the most favorable conditions for all investors in 2025 [2].
There are many factories “springing up” in key industrial parks in Da Nang
Quang Nam
In case of not being competitive enough in Da Nang city, business owners should not miss the “golden” opportunity in Quang Nam province. The latest information from the People’s Committee of Quang Nam province, in just the first 6 months of 2024, the total product in the area (GRDP) increased by 2.7% compared to the same period last year and the economic scale reached nearly 59 trillion VND (most notably the industry – construction sector accounted for 29.8%) [3].
To achieve such impressive achievements, it cannot be denied that Quang Nam is a new land, with many untapped resources. At the same time, the correct development orientation from the state according to the structural model of “two regions, two dynamic clusters, three development corridors” contributes to promoting the strengths of each place, while still ensuring sustainability. In particular, the Eastern region (typically Tam Ky, Hoi An, Dien Ban) is the dynamic area of the province, so investors should not miss the opportunity to rent warehouses and factories for business here.
Quang Tri & Thua Thien Hue
Not only famous for its rich history and culture, Quang Tri and Thua Thien Hue are also “fertile lands” if businesses want to invest little but achieve high profits. The reason is that the government is constantly planning suitable land funds to build industrial parks (phase 2021 – 2030). In addition, the two provinces have an ideal location, making it easy to travel to Da Nang, Quang Nam, Laos, … by road. In addition, one side is adjacent to the mountain, the other side faces the sea, which is an extremely impressive terrain that helps production and product distribution activities run smoothly, without being greatly affected by weather changes.
In addition, both provinces have a fairly high population density, so the human resources are abundant with not too high rental fees. At the same time, the working age is young (for example, Thua Thien Hue has a labor force over 15 years old of 1,038.80 thousand people). The factors mentioned above confirm that Quang Tri and Thua Thien Hue have good potential for industrial development that all investors should consider.
With the information in the article, we hope that investors will have the most comprehensive view of the industrial development situation as well as find the ideal factory rental market in Central Vietnam in 2025. In general, be proactive in planning appropriate investments in potential areas to achieve ideal revenue in the future!
Reference source:
[1] Mi, N. (2023, September 7). Tỉnh miền Trung “mới nổi” về công nghiệp sẽ có nhà máy vật liệu năng lượng và bán dẫn hơn 10.000 tỷ đồng, cán mốc thu hút 1 tỷ USD vốn FDI. Retrieved February 16, 2025, from Cafef.vn website: https://cafef.vn/tinh-mien-trung-moi-noi-ve-cong-nghiep-se-co-nha-may-vat-lieu-nang-luong-va-ban-dan-hon-10000-ty-dong-can-moc-thu-hut-1-ty-usd-von-fdi-188230907134039008.chn.
[2] tcct. (2024, December 18). Đà Nẵng: Sản xuất công nghiệp có nhiều bứt phá mạnh mẽ. Retrieved February 16, 2025, from Tạp chí Công Thương website: https://tapchicongthuong.vn/da-nang–san-xuat-cong-nghiep-co-nhieu-but-pha-manh-me-131269.htm.
[3] tcct. (2024, July 17). Quảng Nam hướng đến trở thành cực tăng trưởng quan trọng của khu vực miền Trung – Tây Nguyên. Retrieved February 16, 2025, from Tạp chí Công Thương website: https://tapchicongthuong.vn/quang-nam-huong-den-tro-thanh-cuc-tang-truong-quan-trong-cua-khu-vuc-mien-trung-tay-nguyen-123736.htm.
[4] Báo Quảng Trị. (2025). Khai thác các tiềm năng, thế mạnh, tạo thế và lực để tỉnh Quảng Trị phát triển nhanh, bền vững. Retrieved February 16, 2025, from Báo Quảng Trị website: https://baoquangtri.vn/khai-thac-cac-tiem-nang-the-manh-tao-the-va-luc-de-tinh-quang-tri-phat-trien-nhanh-ben-vung-nbsp-190791.htm.
