MA activities expected to reach record levels in 2018

Viet Nam News HCM CITY – Việt Nam has become an attractive destination for many foreign investors largely due to the country’s friendly policies encouraging FDI, its political stability and strong economy, the latest report of US-based John Lang LaSalle (JLL) said. Foreign direct investment (FDI) disbursements rose 8.4 per cent year-on-year to US$8.37 billion in the first six months of 2018, according to figures from the Foreign Investment Agency. Việt Nam has been taking initiatives to improve its transparency and the country remains one of the most favorable destinations for foreign investment in South East Asia, according to JLL’s Global Real Estate Transparency Index. In the first half of this year, the real estate market continued to appeal to foreign investors and witnessed high-value merger and acquisition (M&A) deals in a variety of sectors such as residential, commercial and industrial. Joint ventures have become popular among foreign developers who have strong financial capacity and a track record of joining forces with local developers who own land and have strong connections with the local community. Foreign investors are from many countries, including Japan, Korea and Singapore, with an increasing number of groups from mainland China. More local investors are also actively seeking real estate deals alongside foreign investors, the JLL report said. The year started off with the acquisition of the Sun Wah office tower by Nomura Real Estate Development, while the residential sector continued to be buoyant with five major M&A transactions within the first six months. Investment deals in… [Read full story]