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Nation attracts over 400 FDI projects in real estate

(VNA - 7/7/2011) - Vietnam attracted over 400 FDI projects worth more than 42.8 billion USD in the field of real estate in the first half of this year, according to the Ministry of Planning and Investment.

illustrative image (Source: VNA)
 
Vietnam attracted over 400 FDI projects worth more than 42.8 billion USD in the field of real estate in the first half of this year, according to the Ministry of Planning and Investment.

These figures indicated a slowdown in the real estate market, which is attributable to the government’s monetary tightening policy to reduce inflation. As a result, foreign property developers weighed up pouring their capital into the Vietnamese market more carefully, especially medium-sized businesses.

However, experts said that businesses with strong economic potentials and clear business strategies are likely to win the market during this period.

The market also witnessed a number of merger and acquisition deals, an inevitable trend due to the consequences of exceedingly fast growth of real estate over the past time.

These deals are forecast to continue growing in both quantity and value in the future./.
 
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