For Vietnam's economy, developing industrial zones, export processing zones (IZs, EPZs) is a mission in order to promote industrialization and modernization, which is supposed to create good foundation for the development of domestic manufacturing as well as driving force of trade integration and the whole globalization.

Over 18 years of construction and development, many industrial parks and export processing zones in Vietnam have played their irreplaceable role in the industrialization and modernization policy, which is considered an attractive destination for domestic and foreign investment capital; contributing industrial production promotion, creating jobs, acquiring advanced manufacturing technologies, improving management skills.

Industrial zones have attracted a large amount of investment capital from multiple economic sectors domestically and abroad, serving the industrialization and modernization of Vietnam. By the end of 2020, industrial parks nationwide have attracted 2.523 new projects with a total registered capital of about 14,6 billion USD.

Investors from more than 50 countries and territories invest in industrial parks and export processing zones in Vietnam, of which Taiwan, Japan, South Korea, Singapore are top investors. In 2020, there are 1,140 projects licensed from previous years registered to adjust their investment capital with an additional capital increase of 6.4 billion USD, up 10.6%. There were 6,141 times of capital contribution and share purchase by foreign investors with a total value of capital contribution of 7.5 billion USD, down to 51.7%.

With the effective control of the COVID-19 pandemic, Vietnam has been and is an ideal destination for many multinational corporations. This is also an important drag to attract many foreign capital sources to industrial real estate in the coming time. According to the latest report of the Ministry of Construction, which publishes information on housing and real estate market in 2020, for industrial parks' vacant land area, the average occupancy rate is recorded of the four key industrial cities and provinces in the South of Vietnam reached about 84.5% while the North of Vietnam about 78%.

According to the Ministry of Construction, in the coming time, industrial real estate market of Vietnam can be considered as a bright spot of the real estate market for many reasons such as: The European Union - Vietnam Free Trade Agreement (EVFTA) was put into force; Moving plans from China of many multinational corporations to Vietnam. Besides, that Vietnam is highly appreciated by the international credit organization shall be also an important driving force to attract more foreign capital into Vietnam in general and industrial real estate market in particular.