Nearly 1.7 billion USD of FDI pours into real estate market
The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.
The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.
This figure accounted for 19.3 percent of the total FDI capital of 6.92 billion USD.
Figures from the agency showed that the real estate sector took second place in attracting FDI capital during the period. In HCM City alone, four real estate FDI projects received an investment licence, with total registered capital of 1.31 million USD.
Experts forecast that FDI pouring into the property sector would see a surge by the year-end month thanks to the amended Law on Housing 2014 and Real Estate Trading, which allows foreign buyers and overseas Vietnamese to own houses in Vietnam for 50 years.
 |
For illustration only. Photo: VinaCorp.
VNF/VNA
Recommended
National
Vietnam News Today (Nov. 5): Vietnam Seeks Stronger Legislative Ties with Canada
Vietnam News Today (Nov. 5): Vietnam seeks stronger legislative ties with Canada; Vietnam and Japan further enhance defense cooperation; Vietnam among top three ASEAN countries in term of industrial competitiveness; Costa Serena brings over 2,400 international guests to Quang Ninh.
November 05, 2024 | 08:49
National
Vietnam News Today (Nov. 4): PM Pham Minh Chinh to Attend Greater Mekong Subregion Summit in China
Vietnam News Today (Nov. 4): PM Pham Minh Chinh to attend Greater Mekong Subregion Summit in China; Cuban top legislator concludes Vietnam visit; Festival honors colorful cultures of ethnic groups in northeast region; Railway project connecting Quang Ninh (Vietnam) to China in the pipeline.
November 04, 2024 | 08:28
National
Vietnam News Today (Nov. 3): Vietnam Seeks Investment Cooperation Opportunities in Canada
Vietnam News Today (Nov. 3): Vietnam seeks investment cooperation opportunities in Canada; Int'l organizations, experts remain optimistic about Vietnam's economic outlook; Vietnam attaches importance to strengthening relations with Cuba; Binh Duong creates favorable conditions for investors.
November 03, 2024 | 08:16
National
Vietnam News Today (Nov. 2): Vietnam to Become ASEAN's Fastest Growing Economy in 2024
Vietnam News Today (Nov. 2): Vietnam seeks Qatar support in energy development; Vietnamese embassy in Tokyo boosts ties with Japanese localities; Vietnam to become ASEAN's fastest growing economy in 2024: HSBC; Vietnamese tech company introduces new product in US market.
November 02, 2024 | 08:59
National
Vietnam News Today (Nov. 1): Vietnam Wishes to Develop Sustainable Relations With US
Vietnam News Today (Nov. 1): Vietnam wishes to develop sustainable relations with US; Prime Minister hopes for stronger Vietnam - Qatar parliamentary ties; Northern region braces for impending cold spell; HCM City welcomes over 4.6 million foreign visitors in 10 months.
November 01, 2024 | 08:46
National
PM Pham Minh Chinh: Caring for Overseas Vietnamese with Utmost Responsibility
Sharing with the overseas Vietnamese community, the Prime Minister emphasizes that the responsibility of the Government and ministries under the leadership of the Party is to take care of the Vietnamese community abroad, including the Vietnamese community in the UAE, with the highest responsibility
October 31, 2024 | 11:44
National
Vietnam News Today (Oct. 31): UKVFTA Greatly Benefits Vietnam-UK Trade
Vietnam News Today (Oct. 31): PM calls for future-oriented investment at Saudi Arabia conference; RoK, Da Nang partners to intensify investment in industrial parks; UKVFTA greatly benefits Vietnam-UK trade; PM begins visit to Qatar, meets Qatar Investment Authority’s leader.
October 31, 2024 | 09:48
National
Vietnam News Today (Oct. 30): Vietnam, Thailand Beef Up Logistics Cooperation
Vietnam News Today (Oct. 30): PM Chinh and his spouse begin visit to Saudi Arabia; Vietnam, Thailand beef up logistics cooperation; PM highlights potential for scientific, technological cooperation with UAE; Vietnamese students supported to access Germany’s labor market.
October 30, 2024 | 07:51