Foreign capital inflows into Vietnam’s real estate in the first months of 2019 increased sharply and are expected to continue to increase in the coming quarters.

FDI inflows pour into real estate

As of March 20, 2019, the total newly and additionally registered capital and capital contributed and shares purchased by foreign investors (FDI) in real estate business activities was USD 778.2 million, of which when the same period at 486 million.

Previously, according to statistics of the Foreign Investment Agency (Ministry of Planning and Investment), the total FDI into real estate in Vietnam reached 6.6 billion USD, accounting for 18.6% of the total FDI capital 35, 46 billion USD in 2018. The above figure more than doubled compared to FDI capital for real estate in 2017 (3.05 billion USD).

Some experts said that FDI inflows to real estate increased in 2018 and positive forecasts in 2019, when many investors shifted capital flows into ASEAN, including Vietnam. Japan is at the top of the list of countries with investment projects in Vietnam in 2018. Investors are also interested in Vietnam’s real estate market.

A number of Japanese investors share their upcoming investment plans in a seminar on real estate and infrastructure investment in Vietnam, jointly organized by the Ministry of Planning and Investment and the Japan Real Estate and Infrastructure Association. The recent edition, Nikkei Economic Times.

Meanwhile, according to the Urban Land Institute (ULI USA), Vietnam’s HCMC ranked fourth in the Asia Pacific market in terms of real estate investment potential in 2018.

Ho Chi Minh City ranked fourth in the Asia Pacific market in terms of real estate investment potential in 2018 on the ULI rankings.

The East continues to lead the HCMC real estate

While the real estate market in Vietnam has a positive increase in foreign capital, Ho Chi Minh City also witnessed great strides in attracting FDI into the real estate sector. According to a report from Ho Chi Minh City Department of Planning and Investment, in the first 5 months of the year, Ho Chi Minh City attracted 2.77 billion USD of foreign direct investment, in which real estate sector has the highest investment capital ( 46.7%), mostly from Korea, Japan …

The gateway areas become attractive investment destinations, including the Eastern part of Ho Chi Minh City, with the highlight of District 9.

Covering an area of ​​114 km2 – the largest among the districts of Ho Chi Minh City, with the advantage of being located at the northeastern gateway, adjacent to Thu Thiem new urban area and having many key transport projects passing through, District 9 is having development opportunities. District 9, along with District 2 and Thu Duc, has great potential thanks to the city investing hundreds of trillion dong in synchronous infrastructure construction, with the orientation of becoming an innovative urban.

Infrastructure is invested synchronously up to hundreds of trillion dong in the East.

Regarding infrastructure, Metro Line 1 is under construction; New Eastern bus station, 3 times larger than the old Eastern bus station, with a total investment of about VND 4,000 billion under construction. There is also a Hi-Tech Park that is considered a key project located in the direction of urban space development of Ho Chi Minh City.

District 9 is invested and developed in infrastructure system, attracting large corporations such as Korea, USA, Japan … so many foreign experts, engineers and workers gathered here to work. work, live.

Vingroup’s large-scale “world-class urban” project of Vingroup is also preparing to launch right in the heart of District 9, which is expected to contribute to the vibrant real estate market in the time. next time.

Source: vnexpress