Accumulated foreign direct investment (FDI) in the real estate sector reached 51.1 billion USD as of the end of September. (Photo: VNA)Hanoi (VNA) – Accumulated foreigndirect investment (FDI) in the real estate sector reached 51.1 billion USD asof the end of September, accounting for 16.5 percent of the total FDI inVietnam, according to the Foreign Investment Agency under the Ministry ofPlanning and Investment.
The sector recorded 3,500 newly-established firmsper year, accounting for 3.7 percent of the total newly-established firms,according to the Jones Lang LaSalle (JLL) Vietnam.
Chief Executive Officerand Director of Indochina Capital Peter R.Ryder acknowledged that Vietnamhas created much more favourable conditions for foreign investors, particularlythe partnership with local firms.
JLL General Director Stephan Wyatt said foreigninvestors have showed interest in industrial parks, especially when theGovernment of Vietnam offers numerous incentives for developing thosefacilities.
Director General of the United Overseas Bank – HoChi Minh City said Vietnam has the opportunity to make a jump in FDI inproperty sector.
One of the factors assuring foreign investors inproperty market is the stability in many aspects, including a positive GDPgrowth rate.- VNA
VNA
