Real estate ranked second in attracting foreign capital

11/09/2018   Viewed: 57
According to the report on foreign investment attraction in the first eight months of 2018 by the Department of Foreign Investment (Ministry of Planning and Investment), the field of real estate business ranked second with total investment capital of 5, US $ 9 billion, accounting for 24.2% of total registered capital.

Generally, in the first eight months of 2018, the total registered capital of foreign investors was USD 24.35 billion, an increase of 4.2% over the same period of 2017.

Accumulated until August 20, the country has 26,438 projects in force with a total registered capital of 333.83 billion. Accumulated capital of foreign direct investment projects is estimated at USD 183.62 billion, equal to 55% of the total registered capital.
 
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Real estate business is second in attracting foreign investment. Illustration

According to the investment field, in the first eight months of 2018, foreign investors invested in 17 industries, of which the processing and manufacturing industry ranked first with the total capital of 10.72 billion USD, accounting for 44% of the total registered capital. Real estate business ranked second with total investment capital of $ 5.9 billion, accounting for 24.2% of total registered capital. The third largest market is wholesale and retail trade with total registered capital of USD 1.87 billion, accounting for 7.6% of total registered capital.

According to investment partners, in the eight months of 2018, there are 97 countries and territories with investment projects in Vietnam. In particular, Japan has the largest amount of capital with $ 7 billion, accounting for 28.8% of total investment; South Korea ranked second with $ 5.16 billion, accounting for 21.2%; Singapore ranked third with 3.47 billion USD, accounting for 14%.

According to the investment area, foreign investors have invested in 59 provinces and cities, of which Hanoi is the most attracted foreign investment capital with a total registered capital of 5.93 billion USD, accounting for 24.4% of total investment. Ho Chi Minh City ranked second with 4.42 billion USD, accounting for 18.2%. Ba Ria - Vung Tau ranked third with 2.17 billion USD accounting for 8.9% ...

One of the major real estate projects to be granted Investment Certificate in 8 months of 2018 is Smart City project in Hai Boi commune, Vinh Ngoc, Dong Anh (Hanoi) by Sumitomo Corporation (Japan). ) with total capital of $ 4.138 billion. The objective of the project is to build a smart urban area, synchronous technical infrastructure and social infrastructure.
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