Overseas developers heat up market

With the rosy first-quarter rise in foreign direct investment commitments, the foreign capital flows into the Vietnamese real estate sector since the beginning of 2019 remain on pace as the second-most attractive after manufacturing and processing, thanks to a climb in interest from overseas investors. Bich Ngoc reports.

The Vietnamese real estate market as a whole is attracting attention from across Asia as well as the US and EU, thanks in part to the current favourable business conditions

Foreign direct investment (FDI) commitments in the first quarter of 2019 ­totalled $10.8 billion, the best first-quarterly performance to date, and soaring 86.2 per cent on-year, according to a report by the Foreign Investment Agency (FIA) under the ­Ministry of Planning and ­Investment.

The Vietnamese real estate market is currently attracting different international ­investors. Those from Japan, South Korea, China, Hong Kong, and Singapore are ­dominating, while some funds from the United States and ­Europe have been also eyeing the market.

Read more at Vietnam Investment Review.