Foreign investors continue to pour capital into real estate

Real estate business continues to hold the second position in attracting foreign investment in Vietnam in the first two months of 2017.

As announced by the Foreign Investment Agency (Ministry of Planning and Investment), in the first two months of the year (as of February 20), 313 new projects were granted investment certificates with total registered capital FDI is 2.028 billion USD, up 6.5% over the same period of 2016. 137 projects registered to increase investment capital with the total registered capital increased $ 759.51 million, 84.5% compared with In the same period of 2016 and 654 times capital contribution, share purchase of foreign investors with a total capital contribution of $ 619 million, nearly four times the same period in 2016.

If accumulated to February 2017, to 20/02/2017, the country has 22,904 valid projects with a total registered capital of 297 billion USD. Accumulated capital of FDI projects is estimated at USD 156.35 billion, equal to 52.6% of total registered capital.

In the first two months of 2017, foreign investors invested in 18 industries, of which the manufacturing and manufacturing sectors were the ones that attracted much attention. Foreign investors with total capital of $ 2.5 billion, accounting for 73.4% of total registered capital in 2 months.

Real estate business ranked second with total investment of $ 345.5 million, accounting for 10.1% of total investment. Third place was the wholesale and retail sector with a total registered capital of US $ 222.6 million, accounting for 6.5% of the total registered capital.

In the first two months of 2017, 61 countries and territories have investment projects in Vietnam. Singapore ranked first with a total investment of $ 881.6 million, accounting for 25.8% of total investment; China ranked second with total registered capital of US $ 721.7 million, accounting for 21.1% of total investment in Vietnam; South Korea ranks third with total registered capital of US $ 637.1 million, accounting for 18.7% of total investment.

Also in the first two months of 2017, Binh Duong was the most attracted foreign investment capital with a total registered capital of $ 791.2 million, accounting for 23.22% of total investment. Hanoi ranked second with a total registered capital of $ 519 million, accounting for 15.2% of total investment. Ho Chi Minh City ranked third with a total registered capital of $ 464.2 million, accounting for 13.6% of total investment.

Source: (Internet)