Savills Vietnam, a foreign property consultancy firm, expects to receive a delegation of Republic of Korea’s investors by the end of this month.
The delegation is scheduled to visit projects in Vietnam to learn more about investment opportunities here, the firm said on November 22.
The visit was planned following a seminar to introduce property investment opportunities in Vietnam , which had been held in Seoul last week by Savills Vietnam and Savills Korea.
The seminar attracted some 110 guests including Korean finance experts, real estate investors, banking sector representatives, consultants and developers who are interested in Vietnam.
At the seminar, Neil MacGregor, managing director of Savills Vietnam , provided an overview of the Indochina real estate market, including an in-depth look at current market trends and areas of opportunity for Korean investors.
"Korean developers have been active investors in Vietnam for many years, and we are now seeing renewed interest in Vietnam ," Neil remarked.
"This is being driven by the fact that Vietnam is now at the bottom of the real-estate market cycle, and developers want to position themselves for the market recovery.
"We are also seeing strong interest from investors looking to purchase good quality operating assets such as office buildings, serviced apartments and hotels."
Vietnam is showing strong signs of recovery, with foreign direct investments (FDIs) up around 65 per cent year-on-year, a steady currency, lower inflation and interest rates, and a very strong remittance rate from Vietnamese people living overseas, Savills Vietnam stated.-VNA
