In the first 4 months of this year, registered FDI capital in the real estate business sector reached 1.6 billion USD, more than 4 times higher than the same period in 2023.
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This information was announced by the General Statistics Office in a recent report. By the end of April 20, the total registered foreign investment (FDI) in Vietnam (including newly registered capital, adjusted registration and capital contribution to buy shares) reached nearly 9.27 billion USD, up 4.5% over the same period last year.
The registered capital for 966 projects alone reached 7.11 billion USD, an increase of nearly 29% in the number of projects and more than 83% in value. Of which, the processing and manufacturing industry still ranked first with a registered capital of nearly 5 billion USD (accounting for 70.2%).
Registered capital in the real estate business sector ranked second with 1.6 billion USD (22.5% proportion). Meanwhile, in the first 4 months of 2023, foreign capital wanted to flow into this activity only reached about 386 million USD. Thus, compared to the same period last year, registered FDI capital in the real estate business sector this year has increased more than 4 times.
In 2023, data from RCA and Cushman & Wakefield also shows that real estate investment and M&A transactions will still take place, but in smaller numbers and with a smaller total value than in 2022.
However, Cushman & Wakefield predicts that in the period of 2024-2026, a large amount of capital from foreign investors will flow into the Vietnamese real estate market. According to this unit, Vietnam is still an emerging market that attracts investment with attractive profit rates.
Savills representative said that Vietnam has many advantages to attract investment from countries such as Singapore, South Korea, Thailand, Malaysia, Japan. These advantages include a large population, developed infrastructure and urbanization, abundant foreign direct investment (FDI) and a rapidly growing middle class. In particular, the industrial sector will benefit from many free trade agreements (FTAs) promoting diversified investment in manufacturing and industrial real estate.