Business

Real estate lures most investment in first quarter

Real estate lured investment of 79.2 trillion VND (3.48 billion USD) in the first quarter this year, accounting for 28.4 percent of total registered capital in the period, the highest of all sectors.
Real estate lures most investment in first quarter ảnh 1Real estate lures most investment in first quarter (Source: VNA)

HCM City (VNA) – Real estate lured investment of 79.2 trillion VND (3.48 billion USD) inthe first quarter this year, accounting for 28.4 percent of total registeredcapital in the period, the highest of all sectors, the Ministry of Planning andInvestment reported.

The sectorrecorded 1,226 firms new firms, a year-on-year increase of 32 percent.

According to theState Bank of Vietnam, by 2017, the total outstanding loans in real estateexceeded 471 trillion VND (20.72 billion USD), mostly for projects in urbanzone construction and housing development, house repairing and businessactivities.

The creditpackage for real estate-related business activities and construction projects climbed12.2 percent in 2017, up 12.2 percent year on year, 15.8 percent of the year’stotal credit.

The real estatemarket saw positive changes in all segments in 2017.

In Hanoi andHCM City alone, there were 64,263 successful deals.

A range of newproducts, such as condotels, officetels and hometels were developed, making thereal estate market more attractive.-VNA
VNA
#Real estate #State Bank of Vietnam #outstanding loans #construction projects #real estate market #Viet Nam News #Vietnam News Agency #Vietnamese latest news
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