Ha Noi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.– VNS Photo Thanh Hai Ha Noi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city. Statistics show that more than 82,000 foreigners live and work in Viet Nam, and a large number of them are in Ha Noi from South Korea, China, Singapore, Russia and the US, reported the Vietnam News Agency. According to a report by HSBC Vietnam, 29 per cent of foreign experts working in the country said they were ready to spend their savings on home purchases, including high-end apartments and luxury property. The revised law on housing, which took effect in 2015, has created more favourable conditions for foreigners to buy houses in Viet Nam. More open policies to attract foreign investment have also enhanced the attractiveness of Ha … [Read more...] about Ha Noi’s lucrative property market attracts foreigners
Why attract foreign investment
The high-end property segment in Hanoi is attracting many foreign investors and clients (Photo: VNA) Hanoi (VNA) – The real estate market in Hanoi is becoming a magnet for foreign investors, with the number of experts and entrepreneurs from abroad working in the capital city rising. Market insiders said western and northern areas of Hanoi are attracting foreign investors. Notably, more and more customers from the Republic of Korea, Japan, Malaysia and Singapore are seeking to buy or rent high-end apartments in the west of the city. Nguyen Phuc Thanh, an experienced investor, explained that the western side accommodates the headquarters of many ministries, sectors and major domestic and foreign businesses. It is also home to key facilities such as the Vietnam National Convention Centre and the National Sports Complex. Additionally, transport infrastructure in the area is relatively modern and convenient for accessing inner areas and main roads to other provinces and cities, he … [Read more...] about Hanoi’s lucrative property market attracts foreigners
Why didn’t VinaCapital proceed with its investment in Ba Huan? I think someone told me once that there is no such thing as bad PR....clearly we got a lot of PR attention from this and I hope potential investors will come to appreciate that VinaCapital takes investments very seriously and professionally. Since we manage other people’s money, we do our best to protect their money and achieve the highest risk adjusted return. In this case, we wanted to resolve the problem and PR noise quickly because it was distracting. It distracts us from doing other great investments and it distracted the CEO and our current and past investments. Therefore, we think that these CEO’s time and our time can be better spent building great businesses and hiring more people than to be distracted by this case. Do you think the current cancellation can have a negative impact on other Vietnamese companies that are trying to raise foreign capital but still lack experience? Will this affect … [Read more...] about The potential of Vietnamese companies is attracting foreign investors
VietNamNet Bridge - Foreign investors registered 527 projects from the beginning of the year to July 15, with total capital of $498 million, according to the HCMC Planning & Investment. HCMC is a n attractive destination point for foreign investors Only 428 projects were registered in the same period last year, but the total capital was higher, at $743 million. Phong has requested the city’s agencies to find out if there are problems that prevent investors from coming to the city, and why the city cannot lure large projects. RELATED NEWS Vietnam drafts next-generation FDI strategy Will US amended tax law divert FDI flow from Vietnam? Kim Chi … [Read more...] about Should Vietnam accept small foreign-invested projects?
VietNamNet Bridge - Many foreign registered investment projects capitalized at several millions of dollars each have been set up in Vietnam. Economists have warned that the existence of the micro enterprises will cause difficulties for domestic ones. In the first 3 months of 2018, Vietnam licensed 618 foreign invested projects FDI down by 30 percent Big foreign investors tend to bring satellite enterprises with them when coming to Vietnam, so Vietnamese enterprises don’t have the chance to join large corporation’s production chains. This is one of the reasons why Vietnam’s support industries remain underdeveloped. Vietnam, in attracting foreign direct investment (FDI), seeks huge foreign capital. The FDI picture in the first quarter of the year was unsatisfactory, not only because of micro projects, but also because of the lack of multi-billion dollar projects. RELATED NEWS Vietnam targets US, EU investors in new-generation FDI strategy Will … [Read more...] about Micro foreign-invested businesses flock to Vietnam