Real estate lures Japanese investment

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Thursday, May 2, 2024 5:31:51 PM - Markets open

VN-INDEX

1,216.36

+6.84/+0.57%

HNX-INDEX

227.49

+0.67/+0.30%

UPCOM-INDEX

89.70

+0.94/+1.06%

Real estate lures Japanese investment

Vietnam News - 8/3/2016 10:20:32 AM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

Vietnamese real estate is attracting Japanese investors thanks to the market’s recovery and the country’s deep integration into the global economy.

A number of deals between Japanese and Vietnamese companies have been secured over the past two years, including the US$1.2 billion Tokyu urban project in Binh Duong. Japan ’s recent upsurge in investment began in 2015 when major Japanese groups conducted mergers and acquisitions with domestic companies.

The deal between Japanese Creed Group investment fund and Vietnamese An Gia Investment was a notable example. The Tokyo-headquartered group invested US$200 million in An Gia Investment for a 20% stake in the Vietnamese real estate company.

The two sides together with Phat Dat Realty will spend US$500 million on developing River City , a project of 8,000 apartments, in Ho Chi Minh City .

Chairman of the HCM City Real Estate Association Le Hoang Chau highlighted the connectivity between Japanese and domestic businesses, saying foreign enterprises can share experience in building, designing and managing.

Japan, Singapore, the Republic of Korea, and Hong Kong are the biggest capital resources for Vietnamese real estate, he said.

In mid-September, the Vietnam Tourism Property Association will host a delegation of about 20 entrepreneurs to seek partners in Japan in construction, tourism property, accommodations, industry and infrastructure.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Japan is the second biggest investor in Vietnam with 3,117 valid projects capitalised at US$39.8 billion.

In the first six months of 2016, total newly-registered and increased capital of Japanese firms was estimated at more than US$1.2 trillion, making up 10.8 percent of total registered capital in Vietnam.

Newer News
19/04	Ministry requests Hà Nội to inspect rising prices of apartments
17/04	Real estate market has positive performances in Q1: VARS
05/04	Developers must verify with foreign homeowner's database before sales
28/03	Management of real estate brokers to be tightened
23/03	HCM City real estate market to recover in H2
23/03	Industrial real estate emerges out of storm
18/03	Lots of ground to cover to build 130,000 social housing units this year
12/03	Deputy PM urges resolving price manipulation for healthy real estate market
12/03	Limit set on interest rates of loans for social housing
21/02	Experts upbeat about real estate prospects

Older News
29/07	Property market information must be adequate, accurate
28/07	Japan's Mitsubishi bets on Vietnam's real estate market
22/07	New players in real estate market
20/07	Vietnam's realty conglomerate Bitexco raises stake in hotel chain
20/07	Housing market imbalance emerges
11/07	Big real estate developers eyeing hotels
11/07	Việt Nam needs more affordable housing
09/07	Local property market grows
09/07	Growing VN property sales to foreigners
06/07	Foreign investors interested in property M&As in Vietnam

Newsletter Signup

Top Stories

	Interest rates to rise but not have major impact on stock market: economist
	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension
	PM Chính requires strengthened gold market management
	Bank shareholders to receive high dividends, stock bonuses