Costco’s Growing Investment in Vietnam Signals Positive Industrial and Logistics Demand

Vietnam continues to strengthen its position as a global manufacturing and export hub. In a recent meeting with Vietnamese leaders, Costco, one of the world’s largest retailers with over 870 warehouses worldwide, expressed its intention to expand cooperation with Vietnamese suppliers.

The retail giant is looking to increase imports of Vietnamese products such as textiles, footwear, furniture, seafood, cashew nuts, and coffee, with potential annual import volumes surpassing USD 1 billion. This move signals not only a boost for Vietnam’s export industries but also a deeper integration into global value chains.

Strategic Investment from Global Retailers

Vietnam has already proven itself as a key player in the global supply chain. In 2023, Vietnam’s exports to the U.S. reached nearly $97 billion, with American retailers increasingly relying on Vietnamese manufacturers for a wide range of goods, from textiles to electronics and furniture.

For Costco, deeper partnerships with Vietnamese suppliers mean a more resilient, cost-efficient supply chain. By diversifying away from over-reliance on traditional hubs, the retailer is tapping into Vietnam’s manufacturing strength, skilled workforce, and improving infrastructure.

This shift signals a broader trend: multinational companies are not only buying from Vietnam but also investing in long-term relationships, which in turn creates ripple effects across the industrial property market.

Implications for Vietnam’s Industrial Real Estate and Logistics

Foreign direct investment (FDI) into Vietnam has consistently flowed into manufacturing and real estate, together accounting for nearly 80% of new registered capital in 2025, according to government data. With Costco’s plans to scale up supplier partnerships, this trend is set to accelerate.

• Warehousing demand will grow: To handle large export volumes, suppliers require modern, high-performance warehouses with temperature control (for seafood and coffee) and efficient layouts for textiles and furniture.
• ESG-certified facilities will be essential: As Costco requires suppliers to meet global sustainability standards, the need for green-certified industrial parks and eco-efficient logistics centers will accelerate.
• Connectivity will be prioritized: Export-driven supply chains depend on reliable links to ports such as Hai Phong and Cai Mep, making strategically located industrial projects a key factor for competitiveness.
• Potential direct investment from retailers: With Vietnam’s leadership encouraging Costco to establish a stronger presence, the future could see multinational retailers setting up local logistics hubs and sourcing offices, further boosting demand for industrial real estate.

Ready to Support the Next Wave

As a global retailer, Costco’s move demonstrates that Vietnam is no longer just a sourcing base, it is a strategic investment destination. This transformation requires an industrial infrastructure that can match global expectations.

Core5 Vietnam is committed to supporting this next wave of growth by delivering modern factories, logistics hubs, and warehouses that align with international standards. From our projects in Hai Phong and Hung Yen to the upcoming Core5 Phu Tho, we provide global tenants with efficiency, reliability, and sustainability — the very qualities demanded by multinational investors.

By bridging the infrastructure gap, Core5 enables Vietnamese suppliers and global buyers to work together seamlessly, ensuring that investment flows translate into sustainable, long-term growth.

Key Takeaways

Costco’s plan to expand cooperation with Vietnam is a reflection of the country’s rising status in global commerce. It highlights how foreign investment and partnerships are directly tied to the demand for high-quality industrial real estate and logistics infrastructure.

As Vietnam continues to attract global giants, developers like Core5 Vietnam stand ready to provide the platform for growth, ensuring that tenants and suppliers alike can meet the expectations of a rapidly evolving global market.

For investors seeking to capture opportunities, Core5 Vietnam is not just a developer — we are your strategic partner in long-term success.

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