Local real estate remains attractive proposition for foreign investors

VOV Wednesday | 08/26/2020 14:27

As of the end-July, Vietnam has attracted approximately $60 billion in real estate investment. Photo: CBRE Vietnam

The first seven months of the year witnessed foreign direct investment (FDI) into Vietnamese real estate stand at $2.8 billion, according to figures released by the Ministry of Planning and Investment.

In terms of FDI attraction among various sectors, real estate came in third, behind the processing industry and manufacturing and production.

Most notably, the Ministry of Construction state that the novel coronavirus epidemic has negatively affected both the global and national economies.

Indeed, several firms have faced numerous difficulties with their production and business activities stalling amid tough times.

The realised capital of FDI projects continued to decrease over the first six months of the year, equivalent to only 95.1% compared to the same period from last year.

According to statistics released by the Ministry of Planning and Investment, total registered capital pouring in the property sector ranked 4th with nearly $850 million, accounting for 11% of newly registered FDI capital.

As of the end of July, the country had attracted approximately $60 billion in real estate investment.

Source: VOV