Vietnam Property Attracts Foreign Investors

• Proeksa Meas
• 3 October 2017
• Construction Focus
• 1574 Views

Vietnam’s tiger economy status in the real estate sector continued to gain strength in the first half of 2017 by attracting high levels of foreign direct investment (FDI).

Statistics released by the Vietnam Ministry of Planning and Environment showed that FDI in property totalled USD700 million in 618 projects which made it the firth most popular investment sector. 39 new projects were approved and a staggering 2,279 real estate agents licensed which represented a increase of almost 70 percent compared to the same period in 2016.

Total FDI in property now trails only the processing and manufacturing, electricity production and distribution and mining sectors in terms of contribution to the Vietnamese economy.