Real estate attracts more than 4.45 billion USD in 2022
Real estate ranked 2e position among the most attractive sectors for foreign direct investment (FDI) in 2022 with more than 4.45 billion USD, accounting for nearly 16.1% of FDI stock in Vietnam and up 1.85 billion year-on-year.
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According to the Ministry of Construction, FDI in the real estate sector is mainly focused on the industrial real estate market and on a number of large real estate projects. In the difficult real estate market environment, FDI is a reliable source of capital for domestic real estate companies, helping to promote sustainable long-term market growth.
| Phu My Hung urban area in Ho Chi Minh City. |
| Photo: VNA/CVN |
According to Troy Griffiths, deputy general manager of Savills Vietnam, the interest of foreign investors in the Vietnamese market is very high, despite an uncertain global economic situation.
They see Vietnam as an attractive place to do business due to its growing labor force and priority policies. Vietnam is a positive growth market, conducive to long-term business and investment, with low risks and a controlled inflation rate at a low and safe level, said Troy Griffiths.
VNA/CVN
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