According to the Ministry of Planning and Investment’s Overseas Investment Agency, USD1 billion was poured into Vietnam real estate through foreign direct investments (FDI) since the beginning of the year.
Traveling between the northern capital, Hanoi, down to the populous city of Ho Chi Minh, a person will find a total of 36 new real estate projects. It’s no wonder why real estate represented 6.1 percent of the total FDI during this time.
It was more than residential projects that rocked Vietnam’s real estate market, but also the industrial zones. Savills Vietnam reported that the total leasable area jumped to 28,500 hectares from the end of last year, a 5 percent increase. Over the same period, six industrial zones, representing 700 hectares of leasable area, were opened throughout the country.
And, despite the recent natural disasters that have shaken Vietnam, the country’s GDP finished with a growth of 6.4 percent in the third quarter.
Vietnam is continually gaining the interest of international investors and with real estate investments stacked this high – it is clear why the country also continues to grow so rapidly.