Vietnam real estate market: Which factors attract foreign investors?

20/04/2017   Viewed: 675
Real estate experts, real estate, said: Recently, the real estate market in Vietnam has come into stable development. Along with the investment from local businesses, Vietnamese real estate has witnessed a dramatic increase in foreign investment, especially in the office, retail and hotel sectors. Located in the emerging market countries of India, Thailand, Malaysia, Philippines, Indonesia, ... Vietnam is now a "piece of cake" targeted investors.

It can be seen, thanks to the positive moves from the Government to promote the real estate market development such as raising the capacity requirements and financial potential of real estate companies. The open door policy for foreigners to invest in real estate in Vietnam has also made it possible for foreign investors to seek investment opportunities in the Vietnamese real estate market and to improve the foreign investors' About the investment environment. This is what makes the market attractive to potential investors.
 
bat dong san1
Many foreign investors are very interested in the real estate market in Vietnam.
 
According to Dang Van Quang, Director of Jones Lang LaSalle Incorporated (JLL) Vietnam, three factors will create momentum for the real estate market in 2017. It is stable economic development; The real estate market's stakeholders have good prospects as bad debts continue to be dealt with, credit for real estate is allowed to rise again, and people's capital starts to enter the real estate market. Policies and issues related to state management, orientation and support to the market for sustainable development will also be positive factors in developing and attracting investment capital into the real estate market.

In particular, what foreign investors care most about is the preferential treatment of the State to them. Moreover, compared to other countries around Southeast Asia, Vietnam has the advantage of young labor, cheap land prices and cheap construction costs. However, Vietnam's weakness is poor infrastructure compared to other countries in the region, with many legal bottlenecks, lack of transparency, lack of information, transparent legal basis, etc. This is a big disadvantage for Vietnam when many countries are trying their best to attract investors to their country. For example, Vietnam's auto industry loses to Thailand, Malaysia or 2016, Vietnam has slipped off the deal to build a $ 1 billion manufacturing plant from Apple to India because of the early registration process. Private, infrastructure ... not meet the demand.

This shows that despite the fact that foreign investors highly valued Vietnam market as GDP continued to grow, young population, interest rate was adjusted, many regulations with real estate market unbundled and Unraveling knots for foreign investors. But when they want to participate in a project, they will pay special attention to the legal, financial integrity of the party calling for investment or the seller to the state management agency, Have land use rights or merely been accepted policy?
In addition, they expect planning criteria to be clear (in the project area, each project's interior) so that they can determine future business-efficient business problems.

Economic experts said that the advantage of foreign investors in real estate business is professionalism and international standards right from the stage of design, position selection, Capital mobilization, construction to exploitation and management of each real estate project. Attracting them is one thing but in order to keep them on their investment, Vietnam needs to have more treatment in terms of taxation, investment licensing procedures and current regulations. For foreign investors, complete international standard synchronous infrastructure.
Source baooaydung.com.vn

Total notes of this article: 0 in 0 rating

Click on stars to rate this article
You did not use the site, Click here to remain logged. Timeout: 60 second