FDI into Vietnam’s real estate skyrockets

(VOVWORLD) -Foreign direct investment (FDI) into Vietnam has kept a high growth momentum, the Ministry of Planning and Investment said on  Monday. 
FDI into Vietnam’s real estate skyrockets - ảnh 1(Illustration by chinphu.vn)

In the past five months, the registered capital total more than 11 billion USD in 17 industries out of 21 national economic sectors. In particular, the real estate sector recorded positive signals with nearly 2 billion USD, accounting for 18% of total registered investment capital, up 70% over the same period last year.

Foreign capital poured heavily into real estate market, which is showing clear signs of improvement. Experts predict better outlook this year and next year when inflation is under control and interest rates decrease and stay low.

Legal problems are step by step being resolved as the Government is proposing to allow the Law on Land, Housing and Real Estate Business to take effect five months earlier than the original plan. In addition, public investment and infrastructure development are boosted to create momentum for the real estate market to thrive.

Large projects in the fields of energy (production of batteries, photovoltaic cells, and silicon bars), production of components, electronic products, and high value-added products have been newly invested and had capital expanded in five months.

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