Real estate attracted 1.94 billion USD in foreign direct investment (FDI) in the first nine months of this year, accounting for about 9.6% of total FDI to Vietnam in the period.
According to experts, amid market difficulties, it was a positive sign as FDI in real estate still accounted for more than 9.6% of total registered investment capital. From June 2023 to now, real estate has regained the 2nd position in FDI attraction.
They said, real estate market has some motivations to recover. Among others is the Government’s drastic measures to solve difficulties facing the market, the continued restructuring in each segment, and the Government’s project to build at least 1 million social housing apartments for low-income earners and workers in the period 2021 – 2030.
Savills Hanoi commented that, Vietnam is making great efforts to improve infrastructure by completing inter-provincial national highways and building and upgrading international airports and deep-water seaports. The development of infrastructure, accompanied by many preferential investment policies and reforms of administrative procedures, has created investment attraction for the market.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam attracted nearly 20.2 billion USD in FDI from the beginning of this year to September 20, up 7.7% year-on-year./.
