{"id":21955,"date":"2016-08-04T17:49:22","date_gmt":"2016-08-04T10:49:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-is-the-second-most-attractive-sector-for-vietnam-fdi\/"},"modified":"2016-08-04T17:52:42","modified_gmt":"2016-08-04T10:52:42","slug":"property-is-the-second-most-attractive-sector-for-vietnam-fdi","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-is-the-second-most-attractive-sector-for-vietnam-fdi\/","title":{"rendered":"Property is the second most attractive sector for Vietnam FDI"},"content":{"rendered":"


\nA \u2018Singaporean phenomenon\u2019 is driving massive FDI into Vietnam now
\nLooking to the future in Ho Chi Minh City. Image credit: manhhai (Flickr)
\nMassive amounts of foreign capital continue to spill into Vietnam\u2019s property sector, stemming from more aggressive inflows from Singaporean and other Asian investors than usual.
\nReal estate accounted for only 5.3 percent of total foreign direct investment (FDI) in the first half of 2016, compared with 8.5 percent over the same period in 2015, data from the Foreign Investment Agency (FIA) shows. However, foreign capital amounting to USD604.8 million, equivalent to 25 newly licenced real estate projects, flowed into the first half of this year, while USD465.4 million was committed last year.
\nProperty ranked second overall among sectors that attracted the most FDI in H1 2016.
\nAnalysts attribute it in part to a \u201cSingaporean phenomenon,\u201d with investors from the city-state leaving local markets due to cooling measures set in place by the government, noted Jeff Foo, chair of the Singaporean Real Estate Brokerage.
\nMeanwhile, loosened caps on foreign ownership in publicly listed Vietnamese companies have conspired with the government\u2019s credit tightening measures to foment a relatively more auspicious environment for foreign investment. \u201cWith a higher risk weightage attached to real estate loans, one way around it is to raise a company\u2019s equity base. The need for capital injections is an opportunity for foreign investments to gain exposure to Vietnam,\u201d Sigrid Zialcita, executive director of Cushman & Wakefield research for Asia-Pacific, said.
\nMore: Danang, ascending: Vietnam\u2019s third largest city takes the spotlight
\nSingaporeans splashed out USD10.9 billion across 81 developments in Vietnam in the first four months of 2016 alone. Singaporean firms invested about US$22.7 million on average in the country.
\nSingapore-based property titan Keppel Land signed a conditional investment agreement in a joint venture to acquire a 40 percent stake in Empire City in Ho Chi Minh City. In the offing is an 86-storey skyscraper, part of Keppel\u2019s projected USD1.2 billion outlay in the city\u2019s dynamic Thu Thiem area.
\nAnother Singaporean company, SynGience, is ploughing USD18 million into 660 apartments in the DepotMetro Tower project near Tham Luong station.
\nSouth Koreans are also deploying huge amounts of capital to Vietnam. Samsung has announced a commitment of USD300 million to a 21-storey building in Hanoi.
\nJapanese investors, on the other hand, tend to focus on development in the mid-end segment, with railroad operator Tokyu recently announcing a plan to build 9,000 homes in Binh Duong province.
\nRead next: Vietnam\u2019s real estate dragon ascends
\n
\nSource : property-report.com
\nRead more…Property is the second most attractive sector for Vietnam FDI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A \u2018Singaporean phenomenon\u2019 is driving massive FDI into Vietnam now Looking to the future in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21955","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5I7","jetpack-related-posts":[{"id":32661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fdi-in-vietnam-real-estate-has-dropped-by-half-this-year\/","url_meta":{"origin":21955,"position":0},"title":"FDI in Vietnam real estate has dropped by half this year","date":"November 2, 2016","format":false,"excerpt":"\r South Korea still number one investor Sunset over Ho Chi Minh City in Vietnam. 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