FDI inflows pour strongly into city’s real estate market

Ho Chi Minh City attracted US$ 2.77 billion of foreign direct investment (FDI) capital under the form of granting investment registration certificates, capital contribution, purchase of shares and domestic pooling of investment in the first five months, an increase of 49 percent over the same period of last year.

FDI inflows pour strongly into city’s real estate market

The increase marked the positive sign of the city economic development.

451 foreign direct investment projects were granted investment certificates with total capital of US$ 472.16 million, an increase of 22.6 percent of newly registered projects and 9.2 percent in term of investment capital over the same period of last year.

Real estate sector had the most investment capital, following the fields of professional activities and science and technology, wholesale and retail, repair of automobiles, motorcycles, motorbikes, other motor vehicles, processing and manufacturing industries, information and communication. 

Diversified investment capital in the real estate sector came from British Virgin Islands’ enterprises who poured the largest investment capital, followed by enterprises from South Korea, Japan, Singapore and Hong Kong. 

Among the projects that had to change the certificates of investment registration, investment licenses and newly- registered investment, 102 licensed projects in previous years have been adjusted investment capital with total capital of US$ 214.54 million.

In addition, the city also allowed 1,719 foreign investors carrying out procedures related to capital contribution, purchase of shares and rebuying the capital contribution of domestic enterprises with registered capital of US$ 2.08 billion. 




BY BINH MINH- Translated by Huyen Huong ​

Other news