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Vietnam Property Developers Attract FDI
Vietnam Property Developers Attract FDI

Vietnam Property Developers Attract FDI

Vietnam Property Developers Attract FDI

Amid narrowing credit sources and rising lending interest rates, Vietnam property developers have been diversifying their capital mobilization channels, including calling for foreign investment. In the first half of 2018, real estate ranked second in attracting foreign direct investment when it received $5.54 billion, accounting for 27.3% of total investment registered for this sector, VNA reported. Troy Griffiths, deputy managing director of Savills Vietnam, said stable macro-economic development has fuelled the domestic market’s growth and strongly attracted FDI. It is a relatively favorable start for 2018 with promising movements in all real estate segments.
In the stock market, while the benchmark VN-Index on the Ho Chi Minh Stock Exchange has become stagnant recently, some particularly big investments have still been poured into property projects in the near future. Good governance, improved accounting standard systems and a stable stock market have all helped persuade foreign investors to buy property stocks, he noted, adding that high profitability is also a magnet drawing investors to the Vietnamese market, compared to other markets in the region.

 

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