Over 345 million USD in FDI poured into property sector
Foreign direct investment (FDI) flows into Vietnam’s real estate sector hit 345.5 million USD in February, accounting for 10.1 percent in total FDI poured into the country, increasing by 12 times year-on-year.
The VISIP I industrial park in Binh Duong province (Source: Internet)
Hanoi (VNA) – Foreign directinvestment (FDI) flows into Vietnam’s real estate sector hit 345.5 million USDin February, accounting for 10.1 percent in total FDI poured into the country, increasingby 12 times year-on-year.
Real estate ranked first among sectors inFDI attraction during the period, with most projects developing industrial park(IP) infrastructure.
An IP project invested by the Vietnam Singapore IP Joint Venture Co., Ltd (VSIP)which covers 1,000 ha in the southern province of Binh Duong, was the biggestamong the 11 FDI property projects in Vietnam in the period.
With the project, the third of its kind in Binh Duong, VSIP lifted its total numberof IP projects in the country to seven.
Vietnam has attracted considerable FDI in IPinfrastructure development and logistics from late 2016 thanks to improved economicgrowth. The country is said to be one of the most promising markets in AsiaPacific.
Other noteworthy FDI projects in 2016included a complex of seaports and IPs worth 315.4 million USD in the MacDynasty Lagoon area, the northern coastal province of Quang Ninh, and an IP projectwith total capital of one billion USD by a Thai firm in the central province ofNghe An.
As of December 31, 2016, Vietnam was home to 324 IPs, with 220 operational.
According to Stephen Wyatt, General Director of the Jones Lang Lasalle Vietnam,2017 will be a big year for Vietnam’s property market.
Vietnam’s property market will be able to witness recoveriesin the year thanksto the increase in demand for apartment, office leasing space, hotel, and IP,he said.-VNA
The southern province of Dong Nai attracted 1.34 billion USD in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20 percent, surpassing the annual target by 34 percent.
Hanoi ranked third among localities nationwide in attracting foreign direct investment (FDI), heard a conference held by the municipal People’s Committee in Hanoi on August 31.
Vietnam attracted 16.43 billion USD in foreign direct investment (FDI) as of September 20, equivalent to 95.8 percent of the amount reported in the same period last year.
The property market of Vietnam is attractive to foreign investments due to the country’s rapid ubanisation, open policies and improved investment climate, experts said.
Binh Duong province has set a target of attracting at least 1.4 billion USD in FDI in 2017, prioritising projects with high technology and large-scale ones on urban and service development.
As many as 246 projects worth 5.19 billion USD invested by Japanese firms are operating in the southern province of Binh Duong, accounting for nearly 20 percent of foreign direct investment (FDI) poured into the locality so far.
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The VISIP I industrial park in Binh Duong province (Source: Internet) 
