The Hanoitimes - Foreign buyers accounted for 50% of all successful residential deals, meaning that they are not merely entering Vietnam to set up operations but they are committed to keeping their money here. Foreign investment in Vietnam’s real estate market has been on the rise over the past three years, mostly from Japan, South Korea, and Singapore, CBRE (Vietnam) Co., Ltd said in the latest press release. Ilustrative photo Home to Asia’s second largest retail market in 2018, Vietnam has witnessed increasing merger and acquisition (M&A) transactions championed by deals in property development sites, followed by hotels, apartments, and offices. Notably, developers from Singapore, Japan and South Korea have favored development sites in downtown areas and within close proximity to metro line stations. In retail market, prime retail and office space in Hanoi and Ho Chi Minh City remains much sought after due to the increasing presence of … [Read more...] about Foreign investment in Vietnam’s real estate rising: CBRE
Foreign investment in vietnam
Foreign investment in Vietnam’s education on the rise
The Hanoitimes - Vietnam’s Ministry of Education and Training (MoET) has made efforts to review and amend investment incentive policies and crafted a specific mechanism to encourage the operations of non-profit foreign-invested training units. As a country with a high demand for education at international standard institutions, Vietnam has seen a steadiy increase in the number of foreign-invested projects in the education sector in recent years, local media reported. Attracting foreign investment into the education and training sector has garnered special attention from the Vietnamese government over the past few of years. Five years since the government’s Decree No.73/2012 came into force, regulating foreign investment in the field of education, the number of foreign investment projects in education has more than tripled from 111 in 2012 to 374 in 2017. Currently, nearly 20,000 kids are enrolled at diverse foreign-invested education facilities from the preschool to the … [Read more...] about Foreign investment in Vietnam’s education on the rise
Legal complications remain for foreign investment in Vietnam infrastructure
Vietnam’s infrastructure has struggled to keep up with its robust economic and population growth. Rapid economic growth and urbanization are driving demand for roads, power, airports, ports, waste and water treatment, hospitals, and other public infrastructure for goods and services. Meanwhile, public funding is unable to meet these needs. The gap would have to be made up from other sources including private investment in the form of public-private partnerships (PPPs). To put it simply, the public sector has the ‘users’ (or customers) and land and can provide other incentives such as tax breaks. The private sector can bring in technology, capital and efficiency through experience. Other countries have successfully implemented PPPs. In Vietnam, a number of tools have been created to assist the government in its support for PPPs, aiming to create a much improved legal framework for PPP to revitalize investment in infrastructure projects. Legal issues update The … [Read more...] about Legal complications remain for foreign investment in Vietnam infrastructure
Foreign investment in Vietnam surge 47%
Foreign direct investment (FDI) registered in Vietnam in the first seven months of this year has risen a significant 47 per cent to almost US$12.9 billion, according to the General Statistics Office. A production line of LG Electronics Vietnam in northern Hải Phòng Port City. FDI disbursement during the first seven months of the year was estimated at US$8.6 billion, surging 16 per cent against the same period last year. Of that amount, fresh capital approvals for 1,408 projects rose 26 per cent compared to last year, to $8.7 billion, and 660 existing projects had their capital augmented by $4.24 billion, up 125 per cent. FDI disbursement during the period was estimated at $8.6 billion, surging 16 per cent against the same period last year. The GSO said the manufacturing and processing sector continued to take the lead with over $9.1 billion, accounting for 71 per cent of the nation’s total FDI. The real estate sector ranked second with $957 … [Read more...] about Foreign investment in Vietnam surge 47%
Reform policies needed to lure foreign investments in Vietnam’s consumer finance
The Hanoitimes - Consumer finance has ample room for growth in Vietnam, however, it is necessary to improve the policy framework to make the sector more attractive to foreign investors, experts said. Vietnam’s consumer finance market is expected to reach US$44 billion by 2019 According to the National Financial Supervisory Commission, consumer lending in Vietnam surged sharply by 65 percent in 2017 compared to 50.2 percent in 2016. The proportion of consumer credit in total outstanding loan of the entire banking system was estimated at 18 percent in 2017, up from 12.3 percent in 2016. Economist Le Xuan Nghia said consumer lending was a global trend, citing Europe as an example where consumer credit accounted for some 71 percent of total bank loans. The proportion of consumer lending in Vietnam’s economy was lower than that of other medium-income countries where the proportion stands around 30 percent. The Vietnamese consumer lending market is projected to reach … [Read more...] about Reform policies needed to lure foreign investments in Vietnam’s consumer finance