Real estate still attracts FDI

By November 20, more than US$884 million in foreign direct investment (FDI) had been poured into the real estate sector, mostly in newly-registered projects.

 According to the latest report from the Overseas Investment Agency under the Ministry of Planning and Investment, more than 405 FDI projects remain in operation. The real estate sector is still attractive to foreign investors although it is placed behind the processing industry, engineering and electricity, gas and water production and distribution.

 

 

In the first quarter of this year, real estate came second with US$249.84 million in terms of FDI attraction.

 

According to Savills Vietnam, Korean investors plan to re-purchase offices, buildings and hotels when the real estate market is back on track.

 

Its Managing Director Neil MacGregor said Japanese investors also consider the real estate as a destination for their medium and long-term business.

 

Vietnam is more advantageous than some regional countries like Indonesia, the Philippines and Malaysia in term of economic and potential stability.

 

As its GDP is forecast to grow positively, the real estate market will provide a plenty of opportunity for merges and acquisitions (M&A) deals and other business transactions. 

 

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