Some 2.87 billion USD in foreign direct investment (FDI) is registered in the Vietnamese property market during January-November. (Photo: VNA) Hanoi (VNA) – Some 2.87 billion USD in foreign direct investment (FDI)was registered in the Vietnamese property market during January-November, ayear-on-year fall of 31.4%.
The industry ranked second in FDI attraction, occupying 10% of the total foreigncapital flow.
As much as 858.4 million USD was funneled to newly-licensed property projectsduring the period, while 1.83 billion USD was splashed out on capitalcontributions to and purchase of shares at domestic companies.
Capital disbursement in the sector stood at 982.6 million USD, accounting for 4.9%of the total disbursed FDI.
According to Country Head of Cushman & Wakefield Vietnam Trang Bui, Vietnam’sproperty market has been a magnet for foreign investment amidst global economicdownturn.
She said attractive rate of return (ROR) in this emerging market is an importantelement that has stoked foreigners’ investment.
Statistics from Cushman & Wakefield Vietnam showed that prestigious housingdevelopers such as Keppel Land, Capitaland, Hong Kong Land, Frasers Property, and Mapletree have landed investment in Vietnam’s high-end apartment segment over the years.
Experts said foreign investors who boast considerable experience and financialstrength will help Vietnam create international-standard property products, improvecompetitive edge, and reduce pressure on the banking system./.
The industry ranked second in FDI attraction, occupying 10% of the total foreigncapital flow.
As much as 858.4 million USD was funneled to newly-licensed property projectsduring the period, while 1.83 billion USD was splashed out on capitalcontributions to and purchase of shares at domestic companies.
Capital disbursement in the sector stood at 982.6 million USD, accounting for 4.9%of the total disbursed FDI.
According to Country Head of Cushman & Wakefield Vietnam Trang Bui, Vietnam’sproperty market has been a magnet for foreign investment amidst global economicdownturn.
She said attractive rate of return (ROR) in this emerging market is an importantelement that has stoked foreigners’ investment.
Statistics from Cushman & Wakefield Vietnam showed that prestigious housingdevelopers such as Keppel Land, Capitaland, Hong Kong Land, Frasers Property, and Mapletree have landed investment in Vietnam’s high-end apartment segment over the years.
Experts said foreign investors who boast considerable experience and financialstrength will help Vietnam create international-standard property products, improvecompetitive edge, and reduce pressure on the banking system./.
VNA
