FDI is important for VN's real estate market recovery

Foreign direct investment (FDI), which will help the economy recover after Covid-19, is also a driving force for the recovery of the real estate market.

FDI flow

Vietnam is expected to be a good choice for foreign investors thanks to the improved business environment.

FDI is important for VN's real estate market recovery



Despite Covid-19, Vietnam still attracted $12.33 billion worth of FDI in the first four months of the year, equal to 84.5 percent of the same period last year. $5.15 billion worth of capital was disbursed during that time, equal to 90.4 percent.

Foreign investors invested in 18 business fields, of which real estate, with $665 million, ranked fourth among the business fields that attracted the highest foreign capital. 

Though FDI to Vietnam decreased in the first four months of the year, economists believe that Vietnam will receive a new investment wave after the epidemic.

Though FDI to Vietnam decreased in the first four months of the year, economists believe that Vietnam will receive a new investment wave after the epidemic.

 

Minister of Planning and Investment Nguyen Chi Dung said it is now a ‘golden opportunity’ for Vietnam to make the world know the country has special advantage in ‘strategic trust’, as a safe destination which is ready to receive capital flows.

Together with success in fighting against Covid-19, the government’s support to help the business community overcome difficulties will be advantages for Vietnam to attract FDI in the time to come.

At a meeting between the Prime Minister and enterprises, the representatives of European, Japanese, South Korean and American businesses in Vietnam all confirmed their interest in Vietnam as a good destination for investors. The Vietnam Association of Foreign Invested Enterprises (VAFIE) has a proposal with four important points that it believes will help Vietnam catch the foreign investment flow.

One of the important points is that economic zones and industrial zones must prepare land and infrastructure conditions, and provide sufficient information about land rent, bill and electricity and labor supply to investors who are planning to relocate factories to Vietnam.

Southern industrial production center

The eastern part of the southern region, comprising six cities and provinces, including HCM City, Dong Nai, Binh Duong, Ba Ria – Vung Tau, Tay Ninh and Binh Phuoc, is described as ‘good land for birds to perch’. There are great advantages in the localities to attract FDI into IZs.

Dong Nai, Binh Phuoc and Binh Duong, with developed industries, infrastructure and the large land fund to receive investors, are believed to be the choices for investors in post-Covid-19 period.

Many real estate firms in the three provinces are rushing to implement their projects in anticipation of the investment wave expected in the time to come.

Linh Ha 

Experts: industrial real estate faring well in 2020

Experts: industrial real estate faring well in 2020

Foreign investors are planning to expand their operations in Vietnam this year, creating an opportunity for industrial property development despite the COVID-19 pandemic, according to experts.

Support industry promotes development of industrial real estate

Support industry promotes development of industrial real estate

The supporting industry boosted the development of Việt Nam's industrial real estate market last year, according to CBRE Viet Nam Co, Ltd.

 
 

Other News

.
Vietnam factory activity dips in July as Covid-19 impacts grow
Vietnam factory activity dips in July as Covid-19 impacts grow
BUSINESSicon  03/08/2020 

Despite a drop in output in July, firms remained confident in the 12-month outlook for production.

Vietnamese startups bag millions of US dollars despite COVID-19 pandemic
Vietnamese startups bag millions of US dollars despite COVID-19 pandemic
BUSINESSicon  03/08/2020 

A slew of Vietnamese startups managed to secure millions of US dollars even in the midst of the rapidly escalating COVID-19 pandemic.

Sky-high livestock prices may breach competition law
Sky-high livestock prices may breach competition law
BUSINESSicon  03/08/2020 

Although many livestock companies could face an inspection to ensure they follow through on commitments to cut their prices, the market outlook still looks dreary in spite of the government’s call to stabilise the selling cost of live pigs.

Aligning with trade remedy principles
Aligning with trade remedy principles
BUSINESSicon  03/08/2020 

The EU-Vietnam Free Agreement (EVFTA) is a giant leap for Vietnam in international integration.

Electricity of Vietnam suggests not to extend deadline for wind farm FiT
Electricity of Vietnam suggests not to extend deadline for wind farm FiT
BUSINESSicon  03/08/2020 

In order to ensure transparency and stability in the selling price of wind power, EVN opposes the Ministry of Industry and Trade's proposal to extend the deadline on the current feed-in tariff (FiT) scheme for wind power projects

Ministry seeks to further open petroleum retail market
Ministry seeks to further open petroleum retail market
BUSINESSicon  03/08/2020 

The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market.

Shares to correct on worries of virus surge
Shares to correct on worries of virus surge
BUSINESSicon  03/08/2020 

 Vietnamese shares may continue to fall this week as a spike in fresh coronavirus cases fuelled concerns that the path to economic recovery could be hindered.

Vietnam fulfills international commitments as EVFTA takes effect
Vietnam fulfills international commitments as EVFTA takes effect
BUSINESSicon  03/08/2020 

Vietnam will continue to fulfill its international commitments so that it can take full advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and recover its economy amid a resurgence of COVID-19 pandemic.

Vietjet reports loss of over VND2.1 trillion for H1
Vietjet reports loss of over VND2.1 trillion for H1
BUSINESSicon  03/08/2020 

Vietjet Aviation Joint Stock Company has reported a loss of over VND2.11 trillion (approx. US$90.5 million) in air transportation business in the first half of this year.

F&B firms prepare for possible second round of social distancing
F&B firms prepare for possible second round of social distancing
BUSINESSicon  03/08/2020 

Though local F&B businesses don't want social distancing to return in August, the experiences they had in April are helping them prepare.

Vietnam Airlines, ACV suffer heavy losses due to COVID-19
Vietnam Airlines, ACV suffer heavy losses due to COVID-19
BUSINESSicon  03/08/2020 

The COVID-19 pandemic has severely dragged down revenues of the Vietnam Airlines Corporation (Vietnam Airlines) and the Airports Corporation of Vietnam (ACV) in the second quarter of this year.

Economic growth projected to reach about 7 percent in 2021
Economic growth projected to reach about 7 percent in 2021
BUSINESSicon  03/08/2020 

Prime Minister Nguyen Xuan Phuc has issued a directive on the building of plans for socio-economic development and State budget estimate for 2021, with a target of about 7 percent of economic growth for the year.

Enterprises in industrial parks urged to use hi-tech equipment
Enterprises in industrial parks urged to use hi-tech equipment
BUSINESSicon  03/08/2020 

 Enterprises in export processing zones (EPZs) and industrial parks (IPs) should use high technologies to better manage manufacturing processes and improve product quality.

Vietnam emerges as popular industrial property destination: CBRE
Vietnam emerges as popular industrial property destination: CBRE
BUSINESSicon  03/08/2020 

Vietnam has emerged as a popular destination for industrial property projects as increased labour costs, trade disputes and COVID-19 prompt global manufacturers to vary their supply chains throughout Asia, according to CBRE.

Condotel market faces gloomy prospects
Condotel market faces gloomy prospects
BUSINESSicon  02/08/2020 

 The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said.

Ministry of Construction eyes building low-cost housing
Ministry of Construction eyes building low-cost housing
BUSINESSicon  03/08/2020 

 The Ministry of Construction (MoC) is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.

Businesses in Hanoi’s Old Quarter shutdown amid COVID-19 fears
Businesses in Hanoi’s Old Quarter shutdown amid COVID-19 fears
BUSINESSicon  02/08/2020 

The Hanoi People's Committee has moved to require all shops throughout Hanoi’s Old Quarter to close as of midnight on August 1 due to fears regarding recent developments relating to COVID-19 epidemic.

Reality and vision for industrial zones
Reality and vision for industrial zones
BUSINESSicon  02/08/2020 

The media have recently featured industrial properties, especially industrial land, as a potential area to attract investment.

Vietnam to develop night-time economy
Vietnam to develop night-time economy
BUSINESSicon  02/08/2020 

Prime Minister Nguyen Xuan Phuc has approved a project to develop the night-time economy in Viet Nam to allow some activities to run overnight until 6am of the next day in some major tourism cities and zones.

Transport service operators begin installing yellow number plates from today
Transport service operators begin installing yellow number plates from today
BUSINESSicon  02/08/2020 

Vehicles that have registered for transport services have started installing yellow number plates with black letters and numbers from today, August 1, instead of the current white plates.

 
 
 
Leave your comment on an article

OR QUICK LOGIN