Vietnam’s real estate market still powerfully attracted Foreign Direct Investment
By An Chi
July 06, 2017 | 11:26 AM GMT+7
In the first six months of 2017, about US$1.2 billion of FDI capital has been granted to the real estate business sector.
Photo: Internet
According to Foreign Investment Agency, in the first six months of 2017, about US$1.2 billion of FDI capital has been granted to the real estate business sector. Notably, there have been 39 newly-registered projects with the total authorised capital of US$461.7 million and a charter capital of US$701 million.
Compared to 2016, FDI capital allocated to the real estate business sector has increased by 16%, and there have been 14 more newly-registered projects.
Foreign investors have invested in 18 branches, including the manufacturing and processing sectors, which have attracted a total capital of US$9.48 billion, accounting for 49.3% of the total authorised capital in the first six months.
Electric generation and distribution rank second with the total investment of US$5.25 billion, accounting for 27.34%. Ranking third is mining industry, invested US$1.28 billion, comprising 6.68% of the total authorised capital.
Additionally, as of June 20th, 2017, there have been 23,594 ongoing FDI projects with the total authorised capital of US$306.3 billion. The accumulated capital of foreign-funded projects is estimated at US$162.57 billion, comprising 53% of the total authorised capital.
Foreign investors have allocated their capital in 19/21 branches in the Vietnamese system of economic branches. Notably, processing industry sector accounted for the largest proportion (58.98%) of the total capital, equal to US$180.68 billion. Next, real estate business sector took up US$50.99 billion (equal to 16.6%) and electricity – water – gas generation and distribution received US$18.83 billion (equal to 6.14%).
The project Core5 Hai Phong from Indochina Kajima and Itochu Corporation will deliver approximately 80,000 square metres of world-class ready-built factory for lease, handover expected in the first quarter of 2027.
A decade of relentless apartment price growth has pushed the dream of homeownership further out of reach for Vietnam’s middle- and lower-income earners.
Essensia Parkway makes significant impact in the high-end real estate market as 100 per cent of the limited collection was successfully registered within just a few hours at the launching event with the theme “Live lux-well, in a truly refined world”.
Essensia Parkway is set to mark a significant milestone as the first branded residences project in Ho Chi Minh City to be operated by WorldHotels – one of the finest portfolios of independent hotels and resorts within BWH Hotels.
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