Real estate FDI exceeds $49 billion

Foreign Direct Investment in real estate sector reached US$49.03 billion, accounting for 21 percent of total FDI capital in Vietnam as of last yearend, reported by the Ministry of Construction yesterday.
407 FDI projects had been licensed in the real estate sector as of December 31.
FDI companies paid VND4.7 trillion land rent in 2001-2011. The highest amount was in the latest with VND1,047 billion.
The state budget collected an average of VND1 trillion annually from the land rent of foreign investors in 2012-2013.
In the first five months this year, the real estate ranked third in FDI attraction with nine new projects.
Registered and added capital hit US$399.33 million in the same phase, equal to 7.2 percent of total FDI.

By Hoai Tram – Translated by Hai Mien

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