Sunday, September 21, 2014 6:56:19 AM - Markets closed
VN-INDEX 613.29 -2.51/-0.41%
HNX-INDEX 88.89 +0.81/+0.92%
UPCOM-INDEX 65.23 +2.07/+3.28%
Many FDI projects in Vietnam’s real estate sector
Source: SGGP - 1/25/2013 4:05:16 PM
 (0 ratings. You must sign in to rate.)
At the end of 2012, 389 Foreign Direct Investment (FDI) projects in real estate worth US$49.8 billion were licensed, according to a report of the Ministry of Planning and Investment released yesterday, January 24.

Thus, Foreign Direct Investment in the real estate sector accounts for about 23.32 percent of total FDI in Vietnam.

Ho Chi Minh City attracted the bulk of FDI with 163 projects worth $12.4 billion, followed by Hanoi, Ba Ria-Vung Tau, Phu Yen, Binh Duong and Dong Nai.

Singapore is currently the largest foreign trade partner in Vietnam’s real estate sector with 55 projects and capital of $8.6 billion. The Republic of Korea ranks second with 79 projects worth $6.7 billion.

Most foreign investors are involved in the construction of luxury hotels, resorts, offices for lease, and high-end apartment buildings.

According to the Ministry of Planning and Investment, progress was made in FDI disbursement, but a number of projects were moving far too slow due to policy issues on land use and management.

Compounding the problem were difficulties caused by economic slowdown, inflation, land acquisition and compensation, and complicated procedures on investment licenses.

To attract more foreign investors, the Ministry of Planning and Investment suggested simplifying investment procedures, reforming the legal framework on mortgage loans, and setting up funds for housing development in specific localities.

Source SGGPOL, translated by Dan
Newer News
19/09 Money flows into southern realty
17/09 Construction Ministry: Too many housing projects licensed
15/09 Maximum land price to be increased
15/09 Office rentals in Vietnam higher than Malaysia, Philippines
13/09 New conditions for foreign home buyers
12/09 Minister of Construction urges more low-income housing
12/09 Real estate signals recovery
08/09 Thang Long boulevard becomes ghost estate of dismal housing
05/09 Property owners in race to sell houses
05/09 Housing sector targets middle class
Older News
24/01 State lender stimulus mooted
22/01 30-40pct projects need to be retrieved to save the real estate market
22/01 No respite for Hanoi real estate
21/01 A coldly picture of foreign invested real estate
21/01 Government policies forecast to shake up property market
21/01 Provinces blamed for realty market problems
19/01 No respite for Ha Noi real estate
18/01 Land still as expensive as gold in “golden land areas” in big cities
18/01 Land management misconduct in Da Nang
18/01 Property firms hit the wall
Newsletter Signup
Top Stories
August CPI growth hits 9-year low
CPI prolongs rise in major cities as food costs increase
National CPI rises 0.23% in July
CPI increases in Ha Noi, HCM City
Hanoi’s CPI increases by 0.18% in July
Market Update
Last updated at 3:01:53 PM
VN-INDEX 613.29 -2.51/-0.41%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.