Real estate remains attractive to foreign investors
With a total registered capital of nearly 1.6 billion USD during January-August, real estate continued to rank third among 18 sectors in attracting foreign investment (FDI).
Hanoi (VNA) - With a total registered capital of nearly 1.6billion USD during January-August, real estate continued to rank third among 18sectors in attracting foreign investment (FDI).
Although the figure was much lower than the 2.87 billion USDin the same period last year, experts said that this is reasonable as the impactof the COVID-19 pandemic has made it difficult for investors to makefact-finding tours and have investment decisions.
However, the industrial property segment is still considereda bright spot with new industrial zones established and key industrial projectsbeginning operations.
This year has witnessed new M&A deals and improvement inindustrial land supply. The largest manufacturing projects in the first half of2021 came from Hong Kong (China) and Singaporean investors that targetednorthern Quang Ninh and Bac Giang provinces.
According to data from Savills Hong Kong (China), Vietnam is still anattractive investment destination for foreign investors. In the context of thecomplicated developments of the pandemic, Vietnam is the only country in theworld that has been upgraded to a positive rating by all three internationalcredit rating agencies namely Moody's, S&P and Fitch.
Foreign investors such as Japan, the Republic of Korea andSingapore that have a strategy of expanding and diversifying investmentchannels also look to emerging markets or frontier markets like Vietnam to seekprofits, Savills experts analysed.
Economist Dinh Trong Thinh attributed an increase in FDI inflows into Vietnam'sreal estate sector to political stability, positive economic growth, stableinflation, no major fluctuations in the financial and monetary market and highdetermination to fight the COVID-19 pandemic.
In addition, the urbanisation process in Vietnam, a rapidincrease in the urban population and rising per capita income have also createdmore room for the development of the property sector, he added.
Experts said that the signing of many free trade agreements,most recently the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), the RegionalComprehensive Economic Partnership (RCEP), has made Vietnam become anattractive destination for many foreign investors./.
Hanoi lured more than 18.7 million USD of foreign direct investment (FDI) in August, raising the total FDI poured into the city in the first eight months of 2021 to 841.8 million USD, according to the city's Statistics Office.
While the investment flow from traditional partners has shown signs of slowing down, the exploration of new markets will help Vietnam maintain success in attracting foreign investment.
Vietnam reeled in more than 19 billion USD from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.
Phyllis Papadavid, Head of Research and Advisory at Asia House, a consulting organisation based in London, the United Kingdom, in her research, pointed out that Vietnam should promote investment to revive its economy and strengthen its ability to respond to new risks despite its success in dealing with a crisis caused by the COVID-19 pandemic.
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.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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) 
