WHAT'S NEW

Property market gets $77.6mn in FDI in January

by 05 February 2018 Last updated at 16:29 PM

Foreign investors pumped in a total of US$77.6 million in the real estate market in January, according to statistics of the Foreign Investment Agency.

Foreign investors pumped in a total of US$77.6 million in the real estate market in January. -

HÀ NỘI — Foreign investors pumped in a total of US$77.6 million in the real estate market in January, according to the Foreign Investment Agency.

The real estate sector ranked third among 19 sectors with foreign direct investment (FDI) in January, attracting 6.2 per cent of the total registered FDI.

Sử Ngọc Khương, investment director at property services firm Savills Việt Nam, said foreign capital would promote the development of the property market in the country.

In 2017, the real estate sector attracted $3.05 billion FDI, accounting for 8.5 per cent of the country’s total registered FDI, ranking third in terms of FDI attraction after the manufacturing and processing industry and power distribution sector.

According to the General Statistics Office, 1,400 new construction firms were founded in January, up by 21 per cent, together with more than 460 new firms in real estate business, up by 47 per cent over the same period last year.

New construction firms had the highest registered capital worth VNĐ20.6 trillion (US$903.5 million), accounting for 21 per cent of the total registered capital of new firms in January. This was followed by real estate business with VNĐ17.5 trillion, accounting for nearly 19 per cent.

Last year, the total registered capital of new firms operating in the real estate sector was VNĐ388 trillion, accounting for 30 per cent.

The average capital of new real estate firms last year was also highest, with VNĐ76.7 billion for each firm. — LV

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2020-08-13 19:37 UTC

WEATHER FORECAST