Business

Resort real estate projects attract foreign investment

Foreign direct investment (FDI) in the real estate market hit nearly 52.7 billion USD as of May this year, with 65 percent of which or 40 billion USD being poured into resort projects.
Resort real estate projects attract foreign investment ảnh 1FLC Group (Photo: viettimes.vn)

Hanoi (VNA) - Foreign direct investment (FDI) in the real estate market hitnearly 52.7 billion USD as of May this year, with 65 percent of which or 40billion USD being poured into resort projects.

According to Phan Huu Thang, Vice President of the Vietnam National Real EstateAssociation (VNREA), Vietnam attracted 600million USD in FDI to property projects in the first five months of 2017.

Vietnam’s resort property is attractive to foreign investors thanks to thecountry’s popular tourist destinations, 4,000-year history, diverse culture andcuisine, hospitable people, and favourable geographic location, he said. 

Not only foreign investors, many domestic groups are also investing in resortprojects nationwide, with famous names such as FLC and VINGROUP, which own luxuryresorts namely FLC Sam Son, FLC Quy Nhon, Vinpearl Nha Trang, and Vinpearl PhuQuoc.

Last year, Vietnam’s real estate sector lured about1.3 billion USD, making up 10 percent of total FDI poured into the country. VNREAhas predicted that the market will become busier.-VNA
VNA
#FLC Quy Nhon #Vinpearl Nha Trang #Vinpearl Phu Quoc #Vingroup #FLC #FDI #Real Estate #Vietnamese firms #FLC Sam Son #Vietnamplus #Vietnam News Agency #Vietnam News
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