Real estate remains second biggest magnet for FDI
- 176
- Business
- 10:07 07/05/2022
DNHN - Foreign investors pledged to pour over US$2.8 billion in real estate sector in the first four months this year, accounting for 30.3 percent of the total foreign direct investment inflows.
With the above figure, the sector retained its position as the second biggest magnet for foreign direct investment after manufacturing and processing (US$6.2 billion).
The number of newly established enterprises in the real estate sector saw a year-on-year increase of 47.2 percent in the reviewed period while 845 real estate firms resumed operations, up 92 percent against the same period last year, reported the Ministry of Planning and Investment.
As of April 20, foreign direct investment inflows totalled more than US$10.8 billion, official statistics show.
The southern province of Binh Duong took the lead in attracting foreign investment with nearly US$2.35 billion, accounting for 21.7 percent, followed by the northern province of Bac Ninh (US$1.57 billion) and Ho Chi Minh City (US$1.28 billion).
Singapore was the largest investor in Viet Nam with more than US$3.1 billion, making up 28.8 percent of the total capital inflows. The Republic of Korea and Denmark ranked second and third with US$1.82 billion and US$1.32 billion, respectively.
The total realized foreign direct investment capital was estimated at US$5.92 billion, up 7.6 percent on year.
According to en.baochinhphu.vn
Related news
# foreign direct investment
The impact of FDI on the growth of serviced apartments
Foreign direct investment (FDI) stimulates the growth of serviced apartments by increasing demand from international experts. FDI drives market expansion, particularly in rapidly developing areas.
The investment landscape of Taiwanese enterprises in Vietnam in the first 6 months of 2024
In the first 6 months of 2024, Taiwanese enterprises in Vietnam increased investment, expanded project scale, and focused on manufacturing and high technology. Investment capital increased in both quantity and scale.
Đọc thêm Business
QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)
On November 18, 2024, in Cologne, Germany, Dong Tam Group (Vietnam) officially signed a Memorandum of Understanding (MOU) for an investment cooperation with QuickPack Group (Germany).
Gold peaks, stocks languish: Experts identify opportunities for investors
Gold prices have peaked due to political and monetary factors, but face the risk of adjustment. Stocks remain difficult to recover due to weak liquidity and ongoing foreign net sales.
General Secretary Tô Lâm sounded the alarm on preventing and combating waste
General Secretary Tô Lâm has addressed visible waste and identified invisible forms of waste, delivering a powerful message with profound awakening implications...
Electricity price hike and the long-term energy dilemma
With EVN's third price hike since 2023, rising electricity costs burden households and industries. Experts warn that sustained losses threaten future power projects, urging reforms to boost investment and ensure energy security.
Vietnam stands poised to seize opportunities in the semiconductor industry
In the context of a rapidly evolving global economy driven by digitalization, the semiconductor industry has emerged as a key strategic pillar.
Pilot project for commercial housing to expand land use rights
The National Assembly Standing Committee has submitted a pilot project on commercial housing through land use rights agreements for National Assembly consideration, aiming to unlock resources.
The National Assembly supports strong decentralization in public investment
The National Assembly has approved a policy of decentralization in public investment management, demonstrating a commitment to economic development and creating opportunities for local governments to mobilize resources.
Assoc. Prof. Dr. Tran Kim Chung: The 1987 Land Law laid the foundation for the real estate market
Assoc. Prof. Dr. Tran Kim Chung, former Deputy Director of the Central Institute for Economic Management, states that the 1987 Land Law laid the groundwork for the development of the real estate market.
Bank interest rates on 31st October: Major players compete fiercely
Bank interest rates have been highly volatile, with one bank making its second rate adjustment in the month as of October 31, 2024, underscoring the competitive landscape.
Amendment of the PPP Law: A new direction to unlock investment resources
To address obstacles in investment through the PPP model, the Ministry of Planning and Investment has submitted a proposal to amend the PPP Law, creating a more favorable legal framework for investors.