Over 600 million USD of FDI poured into property in 5 months
Vietnam’s real estate market attracted over 600 million USD in foreign direct investment in the first five months of this year, according to the General Statistics Office.
Hanoi (VNA) – Vietnam’s real estate market attractedover 600 million USD in foreign direct investment in the first five months ofthis year, according to the General Statistics Office.
The figure represented a nearly two-fold increase againstthe same period last year.
In the period, the market saw the participation of 1,859 newenterprises, up 72.8 percent in number and 43.8 percent in capitalyear-on-year.
Last year, Vietnam’s real estate sector lured about 1.3billion USD, making up 10 percent of total FDI poured into the country.
According to the Vietnam National Real Estate Association,as of May, FDI in the market hit nearly 52.7 billion USD, with 65 percent ofwhich, or 40 billion USD, being poured into resort projects.
The resort property is attractive to foreign investorsthanks to the rising number of tourists to the country. During January-May, thecountry welcomed 5.2 million foreign arrivals, a year-on-year rise of 29.6percent.
Not only foreign investors, many domestic groups are alsoinvesting in resort projects nationwide, including famous names such as FLC andVINGROUP, which own luxury resorts namely FLC Sam Son, FLC Quy Nhon, VinpearlNha Trang, and Vinpearl Phu Quoc.-VNA
Real estate sales in May rose slightly month-on-month and compared to the first quarter this year, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
Vinpearl Da Nang Resort and Villas of real estate developer Vingroup was honoured as Vietnam’s Leading Beach Resort 2017 by the World Travel Awards at a ceremony recently held in Shanghai (China).
Foreign direct investment (FDI) in the real estate market hit nearly 52.7 billion USD as of May this year, with 65 percent of which or 40 billion USD being poured into resort projects.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Source: VNA) 
