Phu My Hung Urban Area in District 7 of HCM City (Photo: VNA) HCM City (VNA) – The flow of foreign direct investment (FDI) into real estate in Ho Chi Minh City has followed the same trend as with the FDI movement into the country, with the property sector always among the top FDI recipients in recent years. HCM City has taken the lead in FDI attraction over the last three decades since Vietnam opened its economy to the world, and real estate is one of the sectors receiving most foreign investment. Among major deals recently, Lotte Group of the Republic of Korea has finalised procedures to invest 20.1 trillion VND (855.6 million USD) in a project named Thu Thiem Eco Smart City in the Thu Thiem New Urban Area in District 2. Also in this urban area, the Empire City Tower project with total capital of 1.2 billion USD is now under construction and expected to complete in 2022. It is invested by a joint venture of two Vietnamese companies and the Denver Power Ltd of the UK. … [Read more...] about Real estate in HCM City holds great appeal for foreign investors