Foreign Investment in Real Estate Rises

StoxPlus | Wed, Jul 20, 2016 11:06:56 AM Share this on

In the first 6 months of 2016, foreign direct investment (FDI) in the real estate sector continued to rise over the same period last year, reaching nearly $605 million, local newswire The Saigon Times reported quoting the Foreign Investment Department (Ministry of Planning and Investment).

Accordingly, real estate ranks second in FDI into Vietnam, with 25 new projects and total newly registered and additional capital of $604.8 million, representing 5.3% of total registered capital.

In H1 last year, the sector accounted for 8.5% of total FDI commitments, but the absolute amount was lower at $465.5 million.

According to the Foreign Investment Department, in H1, total newly-registered and additional FDI capital reached $11.284 billion, up 105.4% on year.

Foreign investors have invested in 19 sectors, in which processing and manufacturing attracted the most capital with 488 newly-registered projects and 405 projects with capital adjustment. Those two sectors accounted for up to 71.4% registered capital, or $8.06 billion in value.  

Source: StoxPlus