Criteria to Know When Renting a Factory in Hai Phong

Hai Phong, with its strategic location at the Northern gateway, modern seaport system, and developed transport, has become a dynamic economic center, strongly attracting domestic and foreign investment capital.

However, in the context of economic fluctuations, choosing a suitable factory becomes a key factor determining the success of a business. This article will provide an overview and important criteria, helping businesses make smart factory rental decisions in Hai Phong.

1. Factory Rental Market in Hai Phong in the First Half of 2025

The factory rental market in Hai Phong in the first half of 2025 continued to grow strongly, reflecting the trend of production shifting and FDI flows pouring into the Northern region. Hai Phong is becoming one of the key industrial centers thanks to advantages in seaport location, synchronous infrastructure, and modern industrial parks.

Rental Price Developments: The average rental price in major industrial parks in Hai Phong ranges from 2–5 USD/m²/month, an increase of about 3–5% compared to the same period last year. According to reports by CBRE and real estate research firms, the average price in prominent industrial parks such as DEEP C and Trang Due currently reaches 4.5–5 USD/m²/month, approaching the price level in the vicinity of Hanoi (4.5–6 USD/m²/month).

The main reasons for the price increase momentum come from:

• Strategic location near seaports and inter-regional transport networks helps optimize logistics and import-export costs.
• New supply with high standards: many ready-built factory projects are methodically invested in infrastructure, energy, and operational management.
• High rental demand from FDI enterprises, especially in logistics, electronics, and supporting industries moving production to the North.

Supply and Occupancy Rate: New supply recorded a significant increase, concentrated in industrial parks such as DEEP C, An Phat, Nam Dinh Vu, and industrial clusters in Thuy Nguyen and Hai An. The average occupancy rate across the market reached about 78% as of the end of the second quarter, while high-standard factory areas have actual occupancy rates of over 85–90%.

Competitive Advantages: Hai Phong converges all elements of a modern industrial – logistics capital: near deep-water ports, access to Hanoi – Hai Phong expressway, Cat Bi airport, and international railways. Open foreign investment attraction policies and stable rental prices help the city become a priority destination for businesses expanding production in the North.

Prospects: In the period 2025–2027, rental prices are expected to increase by an average of 4%/year, thanks to sustainable FDI demand and the trend of global supply chain shifting. With a good infrastructure foundation, large industrial land fund, and high regional connectivity, Hai Phong is assessed as one of the most attractive factory rental markets in Vietnam today.

Factory rental market in Hai Phong develops stably in the first half of 2025.

2. Criteria to Note When Renting a Factory in Hai Phong Today

Hai Phong is currently an attractive destination for many manufacturing and logistics enterprises, leading to a huge demand for factory rental. To choose a suitable location, businesses need to consider many important factors to optimize costs and ensure long-term operation.

2.1. Geographical Location

Businesses should prioritize areas with convenient transportation, located near large seaports such as Hai Phong Port, Lach Huyen Deep-water Port, Cat Bi Airport, and vital expressways such as Hanoi – Hai Phong, Quang Ninh – Hai Phong. The goal is to help optimize transportation costs and ensure quick connection with key domestic and foreign markets. In addition, factories located near residential areas also help businesses easily recruit and attract labor sources.

2.2. Factory Area and Design

Businesses need to clearly define the purpose of use (production, assembly, or goods storage) to choose the most suitable area and design. Calculating actual needs and future expansion capabilities helps avoid wasting space or incurring costs when scaling up.

Depending on industry specifics, businesses should consider:

• Ceiling height and floor load capacity to meet machinery installation or heavy goods storage requirements.
• Spatial layout and internal flow to optimize production, transportation, and import-export processes.
• Ventilation, lighting, and fire protection systems meeting standards, ensuring a safe working environment, saving energy, and maintaining stable operating performance.

Choosing flexible area and design, suitable for actual needs, will help businesses optimize investment costs, improve production efficiency, and long-term operation.

2.3. Infrastructure and Utilities

A standard factory needs to have a stable electricity and water system with capacity meeting production needs. Standards on Fire Prevention and Fighting (PCCC), wastewater and waste treatment must be ensured, fully complying with legal regulations. In addition, spacious internal roads and yards for container trucks and large trucks to enter and exit conveniently are also important factors. 24/7 security systems, offices, canteens, and rest areas for workers will create added value for tenants.

Need to consider additional utilities before choosing a factory for lease.

2.4. Rental Price and Related Costs

When choosing a factory, businesses need to comprehensively evaluate the total rental cost instead of just relying on the fixed price. Comparing the average rental price of the area will help determine a reasonable cost level compared to the quality and location of each industrial park.

Besides the main rental price, businesses should clarify auxiliary costs from the beginning, including:

• Management and maintenance fees, usually calculated per square meter.
• Costs of electricity, water, waste treatment, and accompanying utility services.
• Additional expenses, such as internal transportation fees, accommodation support costs, or worker retention.

In addition, the lease term and payment terms need to be negotiated flexibly, to ensure benefits and optimize capital usage efficiency in the long term. Proactively estimating these costs helps businesses control budgets and limit risks arising during operation.

2.5. Legality and Permits

Legality is the top important factor when renting a factory in Hai Phong. Businesses need to carefully check the land use right certificate, construction permit, PCCC acceptance, environmental license, and documents proving the lessor’s legal right to lease. The lease contract must be transparent, clearly stating rights – obligations, terms, and payment conditions. Legal advice or notarization of the contract should be consulted to ensure validity and limit dispute risks.

2.6. Reputation of the Investor/Lessor

Finally, businesses should carefully research the experience and reputation of the investor or lessor through implemented projects. The quality of support services, ability to meet customer needs, along with preferential policies or support for new tenants and long-term leases are also factors demonstrating the reputation and long-term commitment of the partner.

3. Important Notes to Grasp Before Renting

Before signing a factory rental contract in Hai Phong, businesses should carefully evaluate practical factors to ensure effective investment decisions, cost optimization, and reduced operational risks. Some important notes include:

• Determine needs and budget: Clarify the type of production, scale, and expandability to choose suitable area and design; determine the maximum budget to avoid exceeding costs.
• Site survey: Directly inspect the project, infrastructure, and environment; consult neighboring businesses for practical information.
• Read carefully and negotiate the contract: clearly check terms on price, duration, rights, and obligations; legal advice should be obtained to ensure safety and avoid disputes.
• Consider expandability: Prioritize industrial parks with land funds or expansion capabilities when production demand increases.
• Evaluate other support factors: Consider labor sources, working environment, and investment incentive policies to optimize costs and long-term operation.

Future expandability of the factory for lease needs to be noted.

4. Gaw NP Industrial – Reputable Factory for Lease in Hai Phong

Gaw NP Industrial is a joint venture between Gaw Capital Partners, a global real estate investment fund based in Hong Kong, and NP Capital Partners, a reputable developer in Vietnam. The combination of international experience and domestic market understanding helps GNP commit to bringing high-quality products, including Ready-Built Factories (RBF), Ready-Built Warehouses (RBW), and Built-to-Suit (BTS) industrial land.

The special highlight of Gaw NP Industrial in the vibrant Hai Phong market is the GNP Nam Dinh Vu project, located in an extremely prime position in Nam Dinh Vu Industrial Park. This industrial park belongs to Dinh Vu – Cat Hai Economic Zone, one of the most important general and multi-sector economic zones in Vietnam.

GNP Nam Dinh Vu is clear proof of Gaw NP Industrial’s commitment to providing leading industrial real estate solutions, with outstanding advantages:

Strategic Location:

• Located in a Key Economic Zone with many tax incentive policies.
• Near Lach Huyen Deep-water Port – the largest international gateway port in the North.
• Direct connection to Hanoi – Hai Phong – Quang Ninh expressway, near Cat Bi international airport.

Caption: GNP Nam Dinh Vu possesses a strategic location with an internal seaport.

International Standard Design and Quality:

• Modern factories and warehouses, flexible areas, optimal ceiling height, and floor load.
• Supporting diverse models: RBF and BTS, suitable for each business’s needs.

Synchronous Infrastructure:

• Modern electricity, water, PCCC systems, standard wastewater treatment.
• Wide internal roads, convenient container yards, 24/7 security.

Choosing to rent GNP Nam Dinh Vu factory, businesses not only find a standard factory but also gain a reliable companion partner, contributing to sustainable development and success at the leading trading center of the North.

If your business needs to rent a ready-built warehouse in Vietnam, please contact via Hotline +84 789 75 77 88 to receive specific and detailed advice from Gaw NP Industrial’s team of experts.

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