News & Events

BW Industrial Announces US$120 Million Strategic Partnership with A Leading Global Institutional Investor to Develop a High-Quality For-Rent Industrial Portfolio Across Vietnam’s Key Economic Regions

January 14, 2026

 
  • The venture is seeded with three development projects with a combined gross floor area of approximately 270,000 square meters, and features an attractive pipeline of identified opportunities
  • This partnership underscores strong institutional investor confidence and conviction in Vietnam and its industrial real estate market, which continues to benefit from Vietnam’s resilient macroeconomic backdrop, robust foreign investment growth, and sustained global supply chain diversification tailwinds
Image of an existing BW ready-built factory, shown as illustration
VIETNAM, 14 January, 2026 – BW Industrial Development JSC (“BW”), Vietnam’s leading for-rent logistics and industrial real estate developer and operator announced the establishment of a US$120 million partnership with a leading global institutional investor to develop a portfolio of high-quality industrial projects across key industrial hubs in Vietnam. BW will serve as the asset and development manager for the portfolio, overseeing deal sourcing, project development, operations, and investment management.

The partnership builds on BW’s proven track record and market leadership position in the industrial real estate sector in Vietnam as well as its established asset management platform. Furthermore, the partnership reflects strong institutional investor confidence in Vietnam’s rapidly growing industrial real estate market, which is benefiting from accelerating manufacturing expansion, sustained robust foreign investment, and the country’s resilient macroeconomic backdrop. Notably, several major manufacturing players, or “Queen Bees”, have recently announced major additional investment commitments in Vietnam despite tariff-related uncertainties, reiterating the country’s strategic importance in the global supply chain.

The joint venture will be seeded with three high-quality development projects with a combined gross floor area of around 270,000 square meters and features an attractive pipeline of identified opportunities. Scheduled for completion in 2026/27, these developments will benefit from direct access to major highways, international airports, and seaports, along with strategic locations, supporting demand from tenants in the electronics, automotive, and other high value-added industries.

Leveraging BW’s deep local execution and leasing capabilities, the partnership will focus on developing modern and large-scale industrial assets to serve the rising demand for high-quality, modular, ready-built factories from rapidly-growing multinational and domestic enterprises.

Fion Ng, COO of BW said: “We are proud to establish this partnership with a leading global institutional investor to capture the strong demand from our customers for ready-built factories. This marks an important milestone in BW’s mission to deliver modern industrial infrastructure that helps attract foreign direct investment and support Vietnam’s rising importance in the global supply chains. By combining BW’s local expertise with the investor’s global investment experience, we are well-positioned to deliver sustainable value and contribute to the country’s long-term industrial development. We look forward to broadening our partnerships with leading global investors as we continue to accelerate our growth.”

Artist’s impression of one of the seed development projects

Since its establishment in 2018, BW has evolved into a leading industrial real estate platform in Vietnam. To date, BW has leased more than 4 million square meters of gross floor area of completed operating assets, serving over 470 tenants as of December 2025, of which more than 90% are foreign direct investment (FDI).

The market fundamentals continue to validate BW’s strategy. According to Cushman & Wakefield’s Q3 2025 report, the occupancy rate for ready-built factories in Vietnam’s Northern and Southern Key Economic Regions remained high at around 90%, underscoring sustained demand for modern, institutional-grade quality space. This demand is further supported by continued foreign investment momentum, with 2025 FDI disbursements reaching a record high, newly licensed projects rising by about 20% YoY, and the manufacturing and processing sector attracting the largest share of new FDI—accounting for close to 60% of newly registered capital(1). This is reinforced by a clear occupier preference shift, as more than half of new FDI manufacturing projects opt to lease ready-built factories(2), enabling new entrants to maximize their speed-to-market.

Sources:
(1) National Statistics Office of Vietnam (NSO)
(2)Savills Vietnam 2025 Industrial Insider

 

Related