Finding production premises often involves multiple steps, from identifying needs and searching for properties to surveying, legal checks, and negotiation. According to RSquare Vietnam, each industry also presents unique requirements regarding location, infrastructure, and operational conditions.

RSquare, established in Korea in 2009 and operating in Vietnam as RSquare Vietnam since 2021, provides consulting services for buying, selling, and leasing offices, factories, warehouses, and industrial land. According to data published on its website, the company currently has over 55,000 verified properties nationwide. Its industrial land lease segment alone includes more than 12,700 factories and warehouses in 10 key provinces and cities, along with data on over 600 industrial parks.

In the southern region, the company's data portfolio focuses on TP HCM, Dong Nai, Tay Ninh, and industrial areas in Binh Duong, Ba Ria - Vung Tau, Binh Phuoc, and Long An. This data is used to screen properties based on location, scale, and operational requirements before clients conduct on-site surveys.

RSquare operates on a PropTech model, integrating real estate data with consulting services. The company is a partner of Shinhan Bank and has provided services to businesses such as Toyota, Honda, Deloitte, Siemens, Michelin, Gucci, and Kakao. In 2024, the company announced a strategic partnership with Samsung.

Clients in the industrial sector primarily include manufacturing companies, logistics firms, and foreign investors seeking factories, warehouses, or land to establish or expand operations in Vietnam.

Nhon Trach 2 Industrial Park, Dong Nai. Photo: RSquare Vietnam

Two approaches to industrial premises

Client needs currently focus on two main categories: leasing and buying or transferring industrial real estate.

For leasing, businesses can choose ready-built factories or warehouses if they need to operate facilities without investing in entire constructions. Properties are matched based on: area, clear height, floor load, infrastructure capacity, and technical requirements for each industry.

If a business intends to build its own factory, it can lease land within an industrial park. In such cases, the selection depends not only on area and location but also on the permitted industries, technical infrastructure, remaining land use term, and legal status of the plot.

For long-term use, buying or transferring factories, warehouses, and other industrial properties is considered based on the legal structure of each project.

After selecting an option, the process continues with on-site surveys, property comparison, term negotiation, and handling related procedures. When needed, RSquare can connect clients with banks or construction parties to facilitate project implementation.

Factory in Nhon Trach Textile and Garment Industrial Park, Dong Nai. Photo: RSquare Vietnam

Data and the "one-door" consulting model

According to RSquare Vietnam, real estate data is collected, verified, and updated to provide clients with a basis for comparison before conducting site visits. The process begins by defining location, area, budget, and intended use, followed by compiling a list of suitable properties, conducting surveys, and supporting negotiations.

The company refers to this approach as a "one-door" consulting model, where a single point of contact oversees multiple stages of a transaction, eliminating the need for clients to deal separately with each party. The scope of support extends from searching and surveying to legal consultation, negotiation, and transaction completion.

The advantage from the Korean market also helps the company reach foreign clients, especially Korean investors in Vietnam. A Vietnamese-Korean team supports tasks requiring coordination in language, business processes, and legal procedures.

Legal aspects influence premises selection

According to RSquare Vietnam, requirements for industrial real estate vary significantly depending on the industry and investment plan. A factory with a suitable location may still not meet needs if the power capacity, load, fire safety requirements, or permitted industry conditions are unsuitable.

For businesses leasing land to build their own factories, the scope of evaluation also extends to planning, usage term, investment procedures, and future expansion potential.

Shin Jimin, General Director of RSquare Vietnam, stated that during the consulting process for foreign businesses, difficulties often arise not only in finding a location but also in navigating the legal system, from planning and transfer conditions to construction permits and specific industrial park requirements.

According to him, inadequately reviewed contract terms can affect expansion progress and lead to legal risks. Therefore, checking property records and transaction conditions should be carried out concurrently with the search for premises.

Leveraging its real estate data platform and consulting services, RSquare Vietnam currently focuses on the leasing, buying, and transferring needs for factories, warehouses, and industrial park land for businesses investing or expanding operations in Vietnam.

(Source: RSquare Vietnam)

Contact: RSquare Vietnam - Consulting services for office and industrial real estate leasing in Vietnam

TP HCM: 5th Floor, Mach Office Building, 127 Ung Van Khiem, Thanh My Tay Ward

Ha Noi: 2nd Floor, Chelsea Residence Tower, 48 Tran Kim Xuyen, Cau Giay Ward

Hotline: 028 3636 9641

Website: rsquare.vn