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.
The property market is attractive to foreign investments. Source: batdongsan.com.vn)
Hanoi (VNA) – The propertymarket of Vietnam is attractive to foreign investments due to the country’srapid ubanisation, open policies and improved investment climate, experts said.
Foreign Investment Agency statistics show that nearly 300 million USD worth offoreign direct investment (FDI) was poured into the property market in January,accounting for roughly 20 percent of the total FDI attraction.
Nguyen Mai, Chairman of the Vietnam Association of Foreign InvestmentEnterprises, said that the Vietnamese real estate market appeals to foreigninvestors due to two factors.
The first one is the growing middle class,which is expected to reach 33 million by 2020 from 12 million in 2012. A seriesof policies targeted to improve the investment climate and allowing foreignersto own real estate assets in Vietnam also consolidated confidence, Mai said,adding that investments in property assets promises higher returns in Vietnamthan in many other countries.
Mai said that the low- and middle- income housing market is catching the eyesof foreign investors due to land use incentives and credit. “This is a goodsign,” he said.
According to Phan Huu Thang, former Director the Foreign Investment Agency,many foreign investors and investment funds are eyeing opportunities in therealty market of the country of 90 million population.
“Opening-up policies together with rapid ubanisation are turning Vietnam’srealty market into a destination,” Thang said.
However, Thang noted that attention must be paid to attracting investors ofadequate capacity to implement projects, calling this essential to preventstagnation, which has caused significant losses.
In 2016, foreign investors poured a total of 1.3 billion USD into the realtymarket.-VNA
Investment from Singapore into Vietnamese real estate is increasing with the presence of seasoned investors, according to Dau Tu (Investment) newspaper.
The transparency in Vietnam’s real estate market has got better, but much more efforts are required to promote this index, a specialist of Jones Lang LaSalle (JLL) Vietnam real estate company said.
Real estate attracted the second largest volume of foreign direct investment with 34 new projects worth 1 billion USD in the first nine months of this year, or 6.1 percent of the total.
After posting a stable performance this year, the property market is poised for solid growth in 2017, driven by the improved economic situation, and developers more focused on market demands.
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The property market is attractive to foreign investments. Source: batdongsan.com.vn) 
