tk88 bet

HCM City: 46.8 percent of FDI goes to property sector

Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year with 164.58 million USD, or 46.8 percent of total FDI.
HCM City: 46.8 percent of FDI goes to property sector ảnh 1Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year. (Photo: cafef.vn)

HCM City (VNA) – Real estate was the most attractive sector for foreigndirect investment (FDI) in Ho Chi Minh City in the first four months of theyear with 164.58 million USD, or 46.8 percent of total FDI.

According to the municipal Department of Planning and Investment, the BritishVirgin Islands was the largest investor by pouring 71.59 million USD into thesector, accounting for 43.5 percent of realty investment. The Republic of Koreacame second with 19.5 percent, followed by Japan (10 percent), Singapore (5.7percent) and China’s Hong Kong (3.4 percent).

In the four-month period, foreign businesses bought shares and contributedcapital to state-owned enterprises, with total capital mounting to 1.83 billionUSD, up 30.6 percent year on year. The realty sector was the largest recipient at24 percent of the total.

Experts said foreign cash flow to the sector will increase in the near future,especially after Chairman of the municipal People’s Committee Nguyen ThanhPhong said at the recent investment promotion forum that the city is seekingforeign investment in 29 urban development projects, including several condominiumprojects.

Chairman of the HCM City Real Estate Association Le Hoang Chau said foreigninvestment in infrastructure and urban area development improves the localtransport system and speeds up urbanisation rate.

However, local authorities should work to put forth investment procedures andshorten time for land clearance so the projects can be carried out soon.

Meanwhile, Director of the municipal Department of Planning and Investment LeThi Huynh Mai said administrative reform is a key to facilitate investments offoreigners.-VNA
VNA

See more

High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

🐟 OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|