direct investment (FDI) in real estate increased in the first four months of
this year, putting the sector behind just processing and manufacturing
Around USD455 million was
poured into new real estate projects between January and April, accounting
for 12.8% of the country’s total FDI capital during the period. Investment in
both new and old projects reached USD564 million, according to statistics
from the General Statistics Office.
Around USD455 million was poured into new real estate projects
between January and April
The Commercial Real Estate Services said that previously, investment
in the real estate focused on the southern market. However, since 2017, many
foreign investors have paid special attention to Hanoi’s property market.
They have joined together with several big domestic investors to
carry out projects, for example, Sumitomo Group’s deal on the northern side
of the Red River which is expected to be a hot spot for real estate.
Experts said hotels and luxury property were among the most
attractive property to foreign investors.
The General Statistics Office reported that Vietnam lured 883
new FDI projects totalling USD8.06 billion in the first four months of this
year, down 23.9% on-year. However, FDI disbursement was estimated at USD5.1
billion during the four-month period, up 6.3%.
South Korea was the top foreign investor in Vietnam between
January and April, followed by Japan.