Property market attracts 77.6 million USD in FDI in January

Foreign investors poured a total of 77.6 million USD into the real estate market in January, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Property market attracts 77.6 million USD in FDI in January ảnh 1Foreign investors pumped in a total of 77.6 million USD in the real estate market in January (Photo: baodauthau.vn)

Hanoi (VNA) -
Foreign investors poured a total of 77.6 million USDinto the real estate market in January, according to the Foreign InvestmentAgency under the Ministry of Planning and Investment.

Real estate ranked third among 19 sectors with foreign direct investment (FDI)in January, attracting 6.2 percent of the total registered FDI.

Su Ngoc Khuong, investment director at property services firm Savills Vietnam,said foreign capital would promote the development of the property market inthe country.

In 2017, the real estate sector lured 3.05 billion USD in FDI, accounting for8.5 percent of the country’s total registered foreign investment, ranking thirdin terms of FDI attraction after the manufacturing and processing industry andpower distribution sector.

According to the General Statistics Office, 1,400 new construction firms werefounded in January, up by 21 percent, together with more than 460 new firms inreal estate business, up by 47 percent over the same period last year.

New construction firms had the highest registered capital worth 20.6 trillionVND (903.5 million USD), accounting for 21 percent of the total registeredcapital of new firms in January. This was followed by real estate business with17.5 trillion VND, accounting for nearly 19 percent.

Last year, the total registered capital of new firms operating in the realestate sector was 388 trillion VND, accounting for 30 percent.

The average capital of new real estate firms last year was also highest, with 76.7billion VND for each firm.-VNA
VNA

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.