Industrial rents have jumped significantly in northern Vietnam

Land rents for industrial projects have increased by as much as 48 percent (Bac Ninh) in northern Vietnam in the past year on the back of increased interest from electronics firms, according to Savills and reported by The Leader.

Vietnam’s rising star as a manufacturing hub is seeing demand rise and subsequently costs. These rapid rises in land rents could be the canary in the low-cost coal mine, with demand for labour likely to rise too, and subsequently wages.