As industrial land in Ho Chi Minh City becomes increasingly scarce and rental costs continue to rise, many businesses have shifted their manufacturing operations to neighboring provinces. At the same time, rental rates, location, ESG, Net Zero, and compliant fire protection systems are key criteria for FDI businesses when selecting manufacturing facilities.
In this article, KTG Industrial provides further insights into the factory for lease market near Ho Chi Minh City, covering relocation trends as well as key factors businesses should consider when choosing a factory.
Market overview & rental rates of factories neighboring HCMC
As industrial land in Ho Chi Minh City becomes increasingly scarce and rental costs continue to rise, many businesses have shifted their manufacturing operations to neighboring provinces. At the same time, rental rates, location, ESG, Net Zero, and compliant fire protection and prevention systems have become key criteria for FDI businesses when selecting manufacturing facilities. In this article, KTG Industrial provides further insights into the factory for lease market near Ho Chi Minh City, covering relocation trends as well as the key factors businesses should consider when choosing a factory.
Latest factory rental rates near Ho Chi Minh City
Factory rental rates in provinces neighboring Ho Chi Minh City vary depending on location, factory size, infrastructure quality, and the timing of the lease. The table below summarizes reference rental rates compiled from publicly available market listings to provide businesses with an overall market overview. Please note that these are reference prices only. Actual rental rates may vary depending on the leased area, lease term, technical specifications, and included amenities.
| Area | Popular leasing hotspots | Typical factory size | Average rental rate (VND/m²/month) |
| Binh Duong | Tan Uyen, Thuan An, Di An, Ben Cat, Thu Dau Mot | 3,300 m² – 5,000 m² | 109,000 – 130,000 |
| Dong Nai | Bien Hoa, Trang Bom, Long Thanh, Nhon Trach, Long Khanh | 1,500 m² – 10,000 m² | 45,000 – 153,000 |
| Long An | Duc Hoa, Ben Luc, Can Giuoc, Tan An, Thu Thua | 4,000 m² – 7,000 m² | 40,000 – 142,000 |
A closer look at the most attractive factory for lease markets near Ho Chi Minh City
Binh Duong
Binh Duong is one of the most developed factory markets in southern Vietnam, supported by well-developed transportation infrastructure and a mature industrial ecosystem. The province is home to many large industrial parks, including My Phuoc, VSIP, and Bau Bang, while also offering convenient connectivity to Ho Chi Minh City, seaports, and airports.
This makes Binh Duong an ideal location for large-scale manufacturing, high-tech production, and supporting industries.
Binh Duong is home to a high concentration of industrial parks. Source: Tuoi Tre Online.
Some of the prominent projects and developers include:
- Frasers Property Vietnam: Develops a wide range of ready-built factories and warehouses in Binh Duong with modern designs and integrated infrastructure. Several projects have achieved LEED green building certification, meeting the needs of businesses committed to sustainable development.
- BW Industrial: One of Vietnam’s leading industrial real estate and logistics developers. BW’s ready-built factories feature high clear heights, heavy floor load capacities, integrated sprinkler fire protection and prevention systems, and a range of amenities that support efficient business operations.
Dong Nai
Dong Nai is one of the fastest-growing factory markets in southern Vietnam, driven by its well-connected transportation network. The upcoming operation of Long Thanh International Airport, together with the expressway network and the Cai Mep – Thi Vai port system, is strengthening the province’s position as an attractive destination for manufacturing and logistics businesses.
In addition to its strategic location, Dong Nai offers an extensive industrial land bank with well-established industrial parks such as Nhon Trach, Tam Phuoc, Amata, and Long Thanh.
One of the prominent factory developers in Dong Nai is KTG Industrial, with projects across key industrial parks including KTG Industrial Nhon Trach 2 – Phase 4, featuring a two-story ready-built factory model, KTG Industrial Nhon Trach Det May, KTG Industrial Tam Phuoc A and B, and KTG Industrial An Phuoc.
KTG Industrial Nhon Trach 2 – Phase 4 stands out with its modern ready-built factory model designed to meet the requirements of businesses
In addition to KTG Industrial, Amata Bien Hoa Industrial Park is another option that attracts strong interest from businesses.
As one of the earliest Thailand-invested industrial parks in Dong Nai, it features well-developed technical infrastructure and has attracted numerous companies operating in electronics, precision engineering, industrial equipment, and high-tech manufacturing.
Long An
Long An is a suitable choice for businesses seeking to optimize rental costs while maintaining convenient connectivity to Ho Chi Minh City and the Mekong Delta provinces. The province offers a large industrial land bank, continuously improving transportation infrastructure, and strong connectivity to the inland port network, creating favorable conditions for cargo transportation.
Compared with Binh Duong, factory rental rates in Long An remain generally more competitive, making the province suitable for a wide range of business models. One of the notable developments is Kizuna Group, which operates three serviced factory parks, Kizuna 1, Kizuna 2, and Kizuna 3, in Can Giuoc.
The projects provide flexible factory spaces ranging from approximately 250 m² to large-scale facilities, serving both small and medium-sized enterprises and businesses expanding their manufacturing operations. In addition to manufacturing space, Kizuna provides a comprehensive range of support services, including legal consulting, investment procedures, recruitment, accounting, maintenance, and property management, helping businesses shorten project implementation time and stabilize operations.
KTG Industrial – Green factory solutions for businesses
KTG Industrial was established through the collaboration between Khai Toan Group (Vietnam) and Boustead Projects (Singapore), forming the long-term joint venture BKIM. The company develops a network of ready-built factories and warehouses across multiple industrial parks nationwide, serving the needs of both domestic enterprises and FDI businesses.
Alongside industrial infrastructure development, KTG Industrial places strong emphasis on implementing ESG principles to improve energy efficiency, optimize operations, and support sustainable development. In addition to establishing its position through LEED Gold-certified green buildings in northern Vietnam, such as the KTG Industrial VSIP Bac Ninh II project, KTG Industrial is actively applying these sustainable design standards to its factory portfolio near Ho Chi Minh City, helping businesses achieve their environmental objectives.
KTG Industrial supports businesses throughout their sustainable development journey
In addition to providing ready-built factories, KTG Industrial works closely with customers by offering investment consulting, legal support, and factory design and renovation services tailored to operational requirements. These services help businesses shorten project implementation timelines and bring their manufacturing facilities into operation more quickly.
Conclusion
The factory for lease market near Ho Chi Minh City offers significant opportunities for businesses, supported by diverse supply, continuously improving transportation infrastructure, and convenient connectivity to major logistics hubs. Depending on budget, manufacturing scale, and industry requirements, businesses can consider Binh Duong, Dong Nai, or Long An to maximize investment efficiency.
