More Than 50% Foreign Investment Capital in Ho Chi Minh City Poured into the Real Estate Market

More Than 50% Foreign Investment Capital in Ho Chi Minh City Poured into the Real Estate Market

According to the Ho Chi Minh City's Statistical Office, by the end of November 2017, the city licensed 751 foreign-invested projects with total registered capital of US$ 1.97 billion. Compared to the same period in 2016, this figure has increased by 2.4 times. In addition, Ho Chi Minh City also allowed 201 projects to increase investment capital of US$ 991 million, 2,014 projects have contributed capital, purchased shares with investment capital of US$ 2.56 billion.

Investment in Vietnam - Foreign investment capital registered to invest in 24 real estate projects in Ho Chi Minh City reached US$ 1.01 billion, equivalent to more than 51% of the total newly registered capital.

As a whole, from the beginning of the year to now, HCM attracted total foreign investment capital registered of newly registered, adjusted, contributed capital and share purchase reached nearly US$ 5.52 billion, doubling over the same period in 2016.

According to the operation sector, real estate was the leading sector with 24 projects, US$ 1.01 billion and 51.5% of the total newly licensed capital. Ranked in the next position is processing, manufacturing industry with 45 projects with investment capital of nearly US$ 480 million, accounting for 24.4%. The trade sector is invested US$ 212.2 million, accounting for 10.8%.

According to the investment countries , Korea is the leading one with 142 projects, investment capital of US$ 1.03 billion, accounting for 52.6% of total capital. The US has 33 projects with a capital investment capital of US$ 253 million. Finally, Japan accounted for 7.2% of total investment.

Notably, Japan's Meada Investment Group signed a cooperation agreement with Thien Duc Construction Company to implement the US$ 30 million Wateria Suites project in District 2, TP. HCM.

Similarly, a joint venture between Japan's Kajima and Indochina Capital plans to invest US$ 1 billion over the next 10 years to repurchase real estate projects in Vietnam. Mitsubishi Corporation also has a joint venture with Bitexco Corporation to develop a US$ 290 million housing project in Hanoi.

Coming from Singapore, Keppel Land Co., Ltd. has invested heavily in real estate projects in Vietnam.

Especially, FDI inflows are strongly concentrated in the M & A sector. For example, the Creed Group of Japan has invested US$ 200 million in An Gia Investment to jointly develop medium-scale real estate projects in Ho Chi Minh City.

/vietnamfinance.vn/

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