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Vietnam real estate attracts $500 FDI inflows in Jan-Feb

Vietnam real estate attracts $500 FDI inflows in Jan-Feb

Foreign direct investment (FDI) poured into Vietnam’s real estate sector hit $500 million in January-February 2019, according to statistics of the Ministry of Planning and Investment.
03:00, 12/03/2019

Specifically, from the beginning of the year to the end of February, FDI pledges, which indicate the size of future FDI disbursements, reached nearly $8.5 billion, over 2.5 times higher than the same period of 2018. Of the pledges, around $7 billion, equivent to 81.8 percent, are to be invested in manufacturing and processing sector. Real estate sector ranked second with nearly $500 million registered by investors, accounting for nearly 6% of the total FDI pledges into 18 sectors in the first two months of this year.

FDI pledges into Vietnam’s real estate sector hit $500 million in Jan-Feb, 2019.

FDI pledges into Vietnam’s real estate sector hit $500 million in Jan-Feb, 2019.

Among the 66 countries and territories investing in Vietnam in Jan-Feb period, Hong Kong beat Japan to become the leading investor with about $4.3 billion, accounting for 51 percent of the total FDI inflow. Singapore ranked second with $979.1 million, or 11.5 percent, followed by South Korea with $873 million, making up 10.3 percent.

Foreign investors pour their money into 44 cities and provinces of Vietnam. Hanoi leads the country with $4 billion, or 47.3 percent of the total capital pledged, followed by Ho Chi Minh City and Bac Ninh with $1 billion, or 12 percent, and $541.7 million, or 6.3 percent, respectively.

Regarding disbursement, foreign direct investment projects in the period disbursed nearly $2.6 billion, up 10% over the same period last year. This figure marks the highest increase compared to the same period in the past three years.

Assessing the benefits of FDI into the local real estate sector, experts say these foreign capital inflows will contribute to standardizing the market, creating values under international standards; raising the local real market’s prestige; and sharing many burdens from the financial market.

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