Friday, March 29, 2024 3:35:20 PM - Markets open
VN-INDEX 1,284.09 -6.09/-0.47%
HNX-INDEX 242.58 -1.33/-0.55%
UPCOM-INDEX 91.57 +0.09/+0.10%
Property market attracts 77.6 million USD in FDI in January
vietnamplus.vn - 2/6/2018 10:12:27 AM
 (0 ratings. You must sign in to rate.)
Foreign investors poured a total of 77.6 million USD into the real estate market in January, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
 
Real estate ranked third among 19 sectors with foreign direct investment (FDI) in January, attracting 6.2 percent of the total registered FDI.
 
Su Ngoc Khuong, investment director at property services firm Savills Vietnam, said foreign capital would promote the development of the property market in the country.
 
In 2017, the real estate sector lured 3.05 billion USD in FDI, accounting for 8.5 percent of the country’s total registered foreign investment, ranking third in terms of FDI attraction after the manufacturing and processing industry and power distribution sector.
 
According to the General Statistics Office, 1,400 new construction firms were founded in January, up by 21 percent, together with more than 460 new firms in real estate business, up by 47 percent over the same period last year.
 
New construction firms had the highest registered capital worth 20.6 trillion VND (903.5 million USD), accounting for 21 percent of the total registered capital of new firms in January. This was followed by real estate business with 17.5 trillion VND, accounting for nearly 19 percent.
 
Last year, the total registered capital of new firms operating in the real estate sector was 388 trillion VND, accounting for 30 percent.
 
The average capital of new real estate firms last year was also highest, with 76.7 billion VND for each firm.-VNA
 
Read original article here
Newer News
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
23/12 Foreign investments in property market expected to soar: experts
22/12 Thừa Thiên-Huế invests in infrastructure in economic zones and industrial parks
19/12 PM asks for drastic solutions to remove difficulties for realty market
Older News
05/02 Market records more property sales in January
19/12 Hà Nội prepares land for developing resettlement apartments
08/12 Hanoi plans Hoa Lac as satellite town of 600,000 residents
28/04 Intellectual property key for firms
25/04 Association sees busier property market in Q2
19/04 HN five-star hotel occupancy up to 74%
13/04 Foreign cap to be focused at annual shareholder meetings
23/03 Mapletree openes its first office development in Vietnam
20/03 Price up for high-end property
07/03 Real estate transactions stall in February
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,284.09 -6.09/-0.47%
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.