Business

Real estate remains attractive to foreign investors

With a total registered capital of nearly 1.6 billion USD during January-August, real estate continued to rank third among 18 sectors in attracting foreign investment (FDI).
Real estate remains attractive to foreign investors ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) - With a total registered capital of nearly 1.6billion USD during January-August, real estate continued to rank third among 18sectors in attracting foreign investment (FDI).

Although the figure was much lower than the 2.87 billion USDin the same period last year, experts said that this is reasonable as the impactof the COVID-19 pandemic has made it difficult for investors to makefact-finding tours and have investment decisions.

However, the industrial property segment is still considereda bright spot with new industrial zones established and key industrial projectsbeginning operations.

This year has witnessed new M&A deals and improvement inindustrial land supply. The largest manufacturing projects in the first half of2021 came from Hong Kong (China) and Singaporean investors that targetednorthern Quang Ninh and Bac Giang provinces.

According to data from Savills Hong Kong (China), Vietnam is still anattractive investment destination for foreign investors. In the context of thecomplicated developments of the pandemic, Vietnam is the only country in theworld that has been upgraded to a positive rating by all three internationalcredit rating agencies namely Moody's, S&P and Fitch.

Foreign investors such as Japan, the Republic of Korea andSingapore that have a strategy of expanding and diversifying investmentchannels also look to emerging markets or frontier markets like Vietnam to seekprofits, Savills experts analysed.

Economist Dinh Trong Thinh attributed an increase in FDI inflows into Vietnam'sreal estate sector to political stability, positive economic growth, stableinflation, no major fluctuations in the financial and monetary market and highdetermination to fight the COVID-19 pandemic.

In addition, the urbanisation process in Vietnam, a rapidincrease in the urban population and rising per capita income have also createdmore room for the development of the property sector, he added.

Experts said that the signing of many free trade agreements,most recently the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), the RegionalComprehensive Economic Partnership (RCEP), has made Vietnam become anattractive destination for many foreign investors./.
VNA
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