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| Illustrative photo (Source: congthuong.vn) |
Real estate is the second sector in attracting investment, after the manufacturing and processing industry.
The above figure was given by Mr. Nguyen Anh Tuan, Deputy Director of the Foreign Investment Department, Ministry of Planning and Investment, at the international conference "Potential for development of the real estate market in Vietnam", chaired by the Ministry of Construction, in collaboration with Investor Magazine held on July 13.
Mr. Tuan said the real estate sector is one of the fields that attracts many foreign investors in Vietnam. Over the past 35 years, with the participation of foreign investors, the real estate sector in Vietnam has made important developments. Besides adding important capital to the economy, the participation of foreign investors in the real estate sector has contributed to standardizing the real estate market in Vietnam.
Up to now, the country has attracted more than 37,500 projects with total investment capital of nearly USD450 billion, of which investment in real estate sector has 1,100 projects with total investment capital of USD66.4 billion, accounting for 15% of total investment capital.
In which, 48 countries and territories have invested in real estate, led by Singapore, followed by the Republic of Korea, British Virgin Islands and Japan. Locally, there have been 45 provinces and cities that have invested FDI in the real estate sector, of which Ho Chi Minh City has led the country with a total registered investment capital of over USD16 billion, accounting for 24.7% of total investment capital, followed by Hanoi, Binh Duong and Ba Ria Vung Tau.
In terms of project scale, the majority of FDI enterprises participating in the real estate sector in Vietnam are large-scale enterprises, with increasingly diversified and better quality forms. Many FDI projects invest in real estate with scale up to billions of USD.
The attraction of many FDI projects in the real estate sector helps diversify types of real estate in Vietnam. In recent years, industrial real estate, residential and luxury apartments, resort real estate and healthcare real estate have increased markedly, beside traditional types such as housing real estate, according to Mr. Tuan./.