Business

FDI inflow in real estate rises four times in Q3

New foreign direct investment (FDI) in the real estate sector increased four times quarter-on-quarter to 2.35 billion USD in the third quarter, according to statistics of the Ministry of Planning and Investment.
FDI inflow in real estate rises four times in Q3 ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – New foreign direct investment (FDI) in the real estatesector increased four times quarter-on-quarter to 2.35 billion USD in the thirdquarter, according to statistics of the Ministry of Planning and Investment.

TheFDI inflow in the sector in the first three quarters of this year added to 3.2billion USD, accounting for 15 percent of the total figure.

TheConstruction Ministry said despite the double impact by the return of the COVID-19pandemic in July and the low season in the seventh lunar month which isconsidered a “bad luck” period, the surge in FDI in the sector is a positivesignal.

Accordingto the ministry, most businesses in the real estate sector have resumedoperation after two waves of COVID-19. They have taken measures to approachcustomers, and even look to new areas to anticipate the shift in the FDI flowand the trend of urbanization outside major cities./.

VNA
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