Friday, April 18, 2014 5:31:42 PM - Markets closed
VN-INDEX 565.33 -14.98/-2.58%
HNX-INDEX 80.58 -3.02/-3.62%
UPCOM-INDEX 48.15 -0.58/-1.18%
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
11:00 Land rentals likely to rise
16/04 Investors rush to lower luxury house prices
16/04 Real estate brokerages rushing to recruit new staff
15/04 New land-use fees could thaw property market
15/04 Real estate sector ranks second in FDI attraction
14/04 High-end sales get liquidity boost
14/04 Masterplan backlog plagues capital
14/04 Occupancy peaks in HCMC office market
11/04 HCM City’s stable office rents could end soon
10/04 Ministry plans to freeze housing development sparks protests
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
March’s CPI drops on falling food prices
CPI tumbles in Ha Noi, HCM City
Fed tapers another $10 billion
Vietnam interest rates continue to fall
Yellen Says Fed to Keep Taper as It Parses Weather-Weakened Data
Market Update
Last updated at 3:01:51 PM
VN-INDEX 565.33 -14.98/-2.58%
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...
Portfolio
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.