Vietnam is emerging as one of Southeast Asia’s most dynamic logistics markets as companies accelerate supply chain diversification and expand their manufacturing and distribution networks across the region, according to Cushman & Wakefield’s latest Waypoint: Global Industrial Dynamics 2026 report.

Southeast Asia is emerging as a major beneficiary of supply chain regionalisation and production relocation, with Vietnam, Indonesia and Thailand seeing robust leasing activity that reinforces their roles as key industrial and logistics centers, , the Vietnam News Agency has reported.

The Cushman & Wakefield's report attributes Vietnam’s strong performance to sustained manufacturing growth, export-oriented investment and rising domestic consumption. As companies pursue greater supply chain diversification, demand for industrial and logistics facilities is increasingly focused on locations offering efficient access to ports, airports, expressways and major manufacturing clusters.

The report also points to a shift in investment priorities. While location remains important, investors are increasingly weighing factors such as infrastructure quality, developer expertise and the ability to meet demanding operational standards when selecting sites.

Vietnam’s industrial market mirrors a broader regional trend of tightening vacancy rates. Across Asia-Pacific, 43% of markets are expected to record lower vacancy levels over the next three years as stronger demand coincides with more measured new supply. This is intensifying competition for high-quality logistics assets in well-connected locations.