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The Foreign Investment Department (Ministry of Planning and Investment) said that real estate ranked third in the list of sectors attracting capital from foreign investors (FDI) in the past eight months with nearly 1.6 billion USD.

As of August 20, the total newly registered capital, adjusted and contributed capital, purchased shares, purchased capital contributions from foreign investors reached 19.12 billion USD, equaling 97.9% compared to the same period last year in 2020.

Due to the impact of the epidemic, some factories stopped or reduced their capacity, however, in general, realized FDI still reached US$ 11.58 billion, up 2% over the same period.

Regarding the investment area, Long An is the leading province to attract FDI with more than 3.6 billion USD, accounting for 18.9% of the total registered investment capital, including large power projects up to 3.1 billion USD. accounting for 85.8% of the total investment capital of Long An).

Ho Chi Minh City ranked second with a total registered capital of nearly 2.2 billion USD, accounting for 11.4% of total investment capital. Binh Duong ranked third with nearly 1.7 billion USD, accounting for 8.7% of total investment capital. Followed by Can Tho, Hai Phong, and Hanoi respectively.

According to experts, Vietnam's real estate market has attracted foreign investors thanks to the country's good control of the pandemic, political stability and stable macroeconomic growth.    

“Vietnam will become a new destination to replace many global real estate supplies,” Dr. Le Duy Binh, Economist and Managing Director of Economica Vietnam shared at a recent conference.

In the context of the COVID-19 pandemic affecting all areas of life, Vietnam is one of the few countries that still maintains a positive growth rate and has enough factors to control the disease.

This is a great opportunity for Vietnam's real estate market when opening up the supply and attracting foreign investment.

Vietnam is located in the growth area of the world with a stable economy. The Government's determination to disburse investment capital is a huge driving force for economic development.

Extremely favorable international relations with free trade agreements (FTAs) have affirmed Vietnam's position from a laggard in the WTO to becoming a leader in the game for the new world.



Source: Congluan