Investment in Vietnam - Total FDI Inflows into Real Estate in 2017 Increased Sharply Compared to 2016

Investment in Vietnam - Total FDI Inflows into Real Estate in 2017 Increased Sharply Compared to 2016

According to the Ministry of Planning and Investment, in the first 10 months of 2017, the real estate business has a total investment capital of nearly VND 300 trillion, up by 67% over the same period in 2016, accounting for 28% of total capital invested in all sectors.

Investment in Vietnam - Among newly-established enterprises in the first 10 months of 2017, the real estate sector has more than 4,000 newly registered enterprises, but the growth rate is highest than other industries (up by 62.5% over the same period last year).

The reason for the increase in real estate business, according to CBRE Vietnam, due to the positive impact from the improved infrastructure. Currently, Vietnam is leading in the Southeast Asian region in terms of infrastructure spending, accounting for 5.7 percent of GDP. Along with that, at present, two metro lines in Ho Chi Minh City and Hanoi is a key infrastructure project to promote the development of satellite economic zones.

Besides, other important projects are being implemented such as Ha Noi - Hai Phong expressway, Bach Dang bridge, Van Don international airport, National Highway 4B ... and other projects in the planning phase, such as the eastern economic corridor, the expressway connecting Ho Chi Minh City and Phnom Penh (Cambodia), aiming to promote the development of tourism, agriculture, construction and transport.

With the development of infrastructure, it is expected that the real estate investment market in Vietnam will receive more positive things in the future. Especially, in the integration period, the attraction of FDI into real estate is becoming stronger.

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