Hanoi: Steady annual growth in foreign direct investment (FDI) is proving to be a major driver of industrial real estate in Vietnam, as detailed in Savills’ Asia Pacific Investment Quarterly report for the third quarter of the year. Vietnam’s economic growth is projected to reach 6.1% in 2024, with an anticipated inflation rate of 4.5%, highlighted by Savills Vietnam.

According to Vietnam News Agency, the report indicated that FDI in Vietnam increased by 7% compared to the previous year, significantly bolstering the industrial real estate sector. Meanwhile, international tourism and the retail sector are showing promising signs of recovery. The country currently has 33,000 hectares of industrial parks available for lease, boasting an occupancy rate of approximately 80%.