Ho Chi Minh City stays in the lead in foreign direct investment (FDI) attraction into real estate with the total of $5.7 billion in the first nine months of the year for newly registered and expanded projects, an increase of 50 per cent compared to the same period last year. According to a report delivered at a meeting on the city’s socioeconomic performance held on October 1, the wholesale and retail sector received the most FDI in the city, comprising of 27.7 per cent of the total registered capital. The manufacturing and processing sector came second with 22.8 per cent, followed by real estate (20.2 per cent) and science and technology (13.4 per cent). Ho Chi Minh City recorded a 50 per cent increase in FDI into real estate during the first nine months Su Ngoc Anh, director of the Ho Chi Minh City Planning and Investment Department, said that there were 2,200 cases of capital contribution under mergers and acquisitions (M&A) with a total combined investment … [Read more...] about FDI into real estate through the roof in Ho Chi Minh City
Real estate foreign investment
It has seen more than 16.6 billion USD in Foreign Direct Investment (FDI) flow from ASEAN nations into Vietnam. This accounts for 30.4 percent of the country’s total FDI, and has allowed the industry to stand second in FDI attraction after the processing and manufacturing sector. According to the Foreign Investment Agency under the Ministry of Planning and Investment, real estate projects by firms from other ASEAN countries, notably Singapore, Malaysia and Brunei, have maintained their competitve edge in the resort real estate sector. A new wave of projects from ASEAN companies is expected to arrive in Vietnam’s tourism hotspots such as Van Don, Phu Quoc and Da Nang in the near future, it said. Operational projects are mostly located in bigger cities like Ho Chi Minh City, Hanoi and Da Nang, but the biggest among these, Singapore’s 4-billion-USD resort complex Nam Hoi An, is situated in the central province of Quang Nam. More exciting opportunities will arise … [Read more...] about AEC – golden opportunity for Vietnam’s real estate – Opportunities – Investment
A survey on Viet Kieu (overseas Vietnamese) investment at a conference on establishing the Overseas Vietnamese Businesses' Association revealed that most wish to invest in real estate. Secretary General of the Overseas Vietnamese Businesses' Association Pham Thieu Hoa stated that the main Viet Kieu investment areas in the next few years will still be real estate, tourism and technology transfer. The VietKieuVillage project in Hai Phong, underwritten by Viet Kieu investors in the UK, received a license on January 10, 2010. The project for an international hospital with 300 beds was also licensed on the same day. According to Hoang Van Ke, Deputy Chairman of Hai Phong People's Committee, Hai Phong has 20 Viet Kieu projects. These include a garment factory employing 4,000 workers by Pham Minh Nam, a Viet Kieu in theUK, and a villa complex capitalized at 20 million dollar by a Viet Kieu inGermany. Viet Kieu projects in Hai Phong have been carried out mostly via relatives inVietnam. … [Read more...] about Real estate top investment for Viet Kieu
Real estate enterprises have recently made huge investments into high-grade apartments and resorts in the central coastal city of Nha Trang , Khanh Hoa province. Nha Trang has attracted around 1 million visitors, both local and foreign tourists, so far this year, a year-on-year increase of 29 percent. The city is looking to lure 1 million foreign arrivals in the 2010-2015 period. Ongoing infrastructure upgrades to the airport and roads are making the area much more attractive to investors. In the near future, Cam Ranh airport will receive over 3 trillion VND (182 million USD) to upgrade the buildings and runway. Vo Lam Phi, chairman of the Khanh Hoa People's Committee, said that Nha Trang will become a tourism-urban-zone with high quality tourism products. At present, many real estate projects are being built in the coastal city, such as Phu Quy tourist zone, Nha Trang Diamond resort, and Diamond Bay . General director of Sofitel Vinpearl Resort and Spa, Michael Brabsche, … [Read more...] about Real estate companies invest in Nha Trang
VietNamNet Bridge - Vietnamese real estate developers now keep curious about what the German real estate tycoon Thomas Kramer looks for in Vietnam and where he would put his money into. Thomas Kramer is expected to come to Vietnam in July. Some sources said that the German tycoon would stay in Vietnam for six days, during which he would visit HCM City, Hue, Da Nang, the Ha Long Bay and Hanoi. He also plans to meet Vietnamese businessmen to share his investment plan in the Vietnamese real estate market. The German millionaire now has the huge asset worth $90 million. He has been well known as a successful venture investor who has accurate predictions about the real estate market prospect. Therefore, the information about the working visit of the tycoon to Vietnam has caught the special attention from the public. While some Vietnamese real estate developers say they wonder what attracts the German millionaire to a small market like Vietnam, Nguyen Dinh Tung, Director of Hanoiland, … [Read more...] about Where will the German real estate tycoon invest in Vietnam?