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Things to keep in mind when choosing a factory for rent in Vietnam

April 29, 2024 17:08 PM

The Industrial land in Vietnam is increasingly scarce, leading to a strong wave of investment relocation from China, which has driven a significant surge in the market for rented warehouses in Vietnam. Ready-built factory for rent in Vietnam have become the top choice for many investors thanks to the advantages of saving investment costs and […]

The Industrial land in Vietnam is increasingly scarce, leading to a strong wave of investment relocation from China, which has driven a significant surge in the market for rented warehouses in Vietnam. Ready-built factory for rent in Vietnam have become the top choice for many investors thanks to the advantages of saving investment costs and quickly coming into operation.

1. Advantages of factories for rent in Vietnam

Ready-built factories are currently trending, catering to the requirements of investors, particularly those who are small and medium-sized and entering the Vietnamese market for the first time.

Optimize investment costs:

When businesses aim to scale up their production, they can avoid significant upfront costs associated with long-term land leases, minimizing the impact on their cash flow. Opting for a ready-built factory with a short-term lease of 3-5 years and flexible monthly or quarterly payments not only helps businesses maintain stable cash flow but also mitigates risks associated with construction.

The ready-built factory model helps optimize investment costs for FDI enterprises

The ready-built factory model helps optimize investment costs for FDI enterprises

Quickly put into operation:

When opting to lease a ready-built factory, businesses can commence operations promptly, addressing market demands without concerns about legal documentation or service quality. These factory for rent in Vietnam are constructed by reputable contractors, ensuring adherence to stringent quality standards and catering to diverse business and production requirements. This flexibility facilitates adjustments to the production process or business expansion, effectively resolving cost and time-related challenges for business owners.

Flexible area, suitable for small businesses:

Ready-built factories offer diverse floor areas, catering to the leasing requirements of both large enterprises and small to medium-sized businesses. Moreover, these factories provide businesses with the flexibility to adjust their space usage, allowing for the expansion or contraction of production scale without the need for new construction or modifications to existing spaces.

The infrastructure of ready-built factories encompasses comprehensive systems such as electricity, water, fire protection, and waste treatment. This all-inclusive setup translates to significant cost and time savings for businesses. Surrounding the rental factories are facilities like parking lots, restrooms, and canteens, catering to the needs of employees working in these facilities.

Beyond adjusting the rental area and accessing essential amenities, businesses also enjoy flexibility in lease terms, allowing them to align with the company’s budget and financial situation.

Ready-built factories have many areas suitable for large, medium, and small businesses

Ready-built factories have many areas suitable for large, medium, and small businesses

>>> See more: The Increasing Demand for Factory Rentals in Vietnam

2. Note when choosing a factory for rent in Vietnam

2.1. Location factory for rent in Vietnam

When selecting a factory for rent in Vietnam, investors should prioritize a facility located in a convenient traffic location that facilitates the efficient transportation of goods to neighboring areas or other provinces. Optimal locations are at key intersections, streamlining the import of raw materials and the rapid distribution of goods.

Once the location is chosen, businesses should also consider that the factory must be situated on elevated ground to avoid flooding during the rainy season, which could impact storage and production. Additionally, the factory’s feng shui is another factor investors need to take into account to bring prosperity to the property owner.

In Vietnam, there are numerous factories situated in key provinces such as Long An, Ho Chi Minh City, Hai Phong, Thai Nguyen, etc. These areas hold significant geographical importance in economic development and society, catering to the import and export needs of domestic and foreign businesses.

Choosing factories with prime traffic locations is an advantage for businesses

Choosing factories with prime traffic locations is an advantage for businesses

2.2. Factory rental price

When exploring the factory rental market in Vietnam, many businesses often grapple with the question of factory rental prices in various provinces. To secure a factory at a reasonable cost, it is crucial to first establish the company’s budget instead of solely relying on price consultations with potential partners.

Once the budget is set, embark on research and comparisons of factory rental prices across different locations. This approach provides a comprehensive overview of the factory rental market in the targeted area.

Typically, factory rental costs in Vietnam are determined by the area size. Therefore, assess whether the factory’s area aligns with your specific requirements. Once a suitable factory is identified, factor in the consideration of long-term contracts, as they often offer more favorable terms compared to short-term agreements.

Consider whether the facilities inside the factory are worth the cost

Consider whether the facilities inside the factory are worth the cost

Another crucial factor to consider is the availability of accompanying utilities, including infrastructure with fire protection systems, waste disposal systems, electricity and water systems, maintenance services, canteens, offices, and more. Assess whether these utilities justify the overall value of your investment.

Furthermore, do not shy away from negotiating rental prices with investors to secure the most favorable terms. It’s essential to keep in mind that a low-priced factory may not necessarily be the best fit; prioritize the benefits and convenience it brings to your business.

2.3. Investor

When selecting a factory for rent in Vietnam, businesses should give priority to reputable and reliable investors or those with industry expertise. This ensures the provision of conditions aligning with the enterprise’s business goals, covering aspects such as area, infrastructure, utilities, and more. Moreover, investors should demonstrate the ability to swiftly address issues and support the maintenance of production infrastructure and other factory-related matters. Additionally, it is essential that investors furnish comprehensive and transparent factory rental contracts, detailing terms, pricing, and specific regulations.

Choosing a reputable investor avoids risks for businesses when renting a factory in Vietnam

Choosing a reputable investor avoids risks for businesses when renting a factory in Vietnam

>>> See more: Why Opt for a Factory with Integrated Office Space in Vietnam

3. Factories for rent in Vietnam: Top prestigious factories in the Northern Region

When discussing factory for rent in Vietnam, it is imperative to mention GawNP Industrial, a trailblazing developer offering comprehensive solutions to meet the growing demand for factory spaces today.

In the northern region, GawNP Industrial possesses three high-quality factory areas available for rent, which include:

3.1. Factory for rent in Hai Phong – GNP Nam Dinh Vu

The GNP Nam Dinh Vu factory was constructed with a total investment of USD 38.5 million on a land area of 17 hectares and a built-up area exceeding 100,000 square meters. Positioned in a strategically advantageous traffic location within Hai Phong province, this factory boasts seamless connectivity and facilitates trade both domestically and internationally.

Column-free design inside the GNP Nam Dinh Vu factory for rent in Hai Phong

Column-free design inside the GNP Nam Dinh Vu factory for rent in Hai Phong

Situated within the Dinh Vu – Cat Hai Economic Zone, investors leasing factories at GNP Nam Dinh Vu are eligible for a corporate income tax exemption for the initial 4 years, followed by a 50% reduction for the subsequent 9 years. Beyond tax incentives, this factory area attains green, sustainable quality, and EDGE certification, courtesy of its solar power supply system. Moreover, GNP Nam Dinh Vu complies with stringent standards in fire prevention and environmental protection, while offering numerous exceptional amenities.

Owing to these factors, the GNP Nam Dinh Vu factory has introduced a high-quality factory rental project to the market, drawing the interest of businesses across various sectors, including technology, automobiles, electronics, logistics, investment, and development.

3.2. Factory for rent in Ha Nam – GNP Dong Van 3

The GNP Dong Van 3 factory for rent in Dong Van Town, Duy Tien district, Ha Nam province, covers an area of 16 hectares. Ha Nam is a province that lures numerous prominent FDI enterprises, including Honda, CJ, Wistron, Qisda, WNC and more.

Factory for rent in Vietnam - GNP Dong Van 3 in Ha Nam province

Factory for rent in Vietnam – GNP Dong Van 3 in Ha Nam province

Located in Dong Van 3 Industrial Park, Gaw NP Industrial Factory for Rent has a convenient location connecting:

  • 40 km from Hanoi
  • Adjacent to National Highway 1A on the Hanoi – Cau Gie – Ninh Binh – Thanh Hoa highway
  • Adjacent to Highway 38, the North – South Railway
  • 70 km from Noi Bai airport
  • 90 km from Hai Phong port

3.3 Factory for Rent in Thai Nguyen – GNP Yen Binh 1 and 2

The factory for rent at GNP Yen Binh 1 and GNP Yen Binh 2 Industrial Center is strategically situated, just an hour’s drive from Hanoi and major transportation routes connecting Thai Nguyen to neighboring provinces and China.

Factory for rent in Vietnam - GNP Yen Binh 2 in Thai Nguyen Province

Factory for rent in Vietnam – GNP Yen Binh 2 in Thai Nguyen Province

Currently, many businesses in the fields of electricity, electronics, and high technology are choosing GNP Yen Binh 1 and 2 to establish their production lines. GNP Yen Binh 1 factory spans 13 hectares, while GNP Yen Binh 2 covers an area of 16 hectares. Coupled with the advantage of Thai Nguyen Province boasting 71% of skilled workers, this location becomes more accessible for business owners.

GNP Investor aims to introduce a high-quality, ready-built factory product to the real estate market, ensuring optimal and seamless operations. The factories feature a column-free design to optimize space, and they are equipped with an automatic fire protection system, water and electricity supply systems, water treatment systems, etc., catering to the diverse needs of businesses.

>>> See more: Eight Key Advantages of Leasing Factories in Vietnam

4. Conclusion

The article above offers essential insights to assist businesses in selecting factory for rent in Vietnam. Additionally, it introduces quality and reputable factories well-positioned for expanding production and investment. If your business is seeking to factory for rent in Vietnam, please contact the hotline at +84 789 75 77 88 for specific inquiries.

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