Foreign real estate investment in the us

Property Land ownership for foreigners in Vietnam By Dang Hung Vo Sunday,  Dec 15, 2019,09:00 (GMT+7) Land ownership for foreigners in VietnamBy Dang Hung Vo Foreigners in Vietnam can buy houses, including apartments and houses attached with land. Their homeownership right is valid for 50 years, and can be extended for another 50 years if needed – PHOTO: THANH HOA The policy on allowing foreigners to own houses associated with land in Vietnam has been studied and considered very carefully. In 2003, the author of this article, in the capacity as a leader of the Ministry of Natural Resources and Environment, attended a meeting at the top decision-making level to consider the issue of this policy attached to the 2005 Housing Law. The conclusion of the meeting was that at that time, it was impossible to allow foreign individuals and organizations to own houses associated with land under any form in Vietnam. In view of … [Read more...] about Land ownership for foreigners in Vietnam

Workers at the New Wing Interconnect Technology Co. (Photo: bacgiang-iza.gov.vn) Hanoi (VNA) - Singapore-invested New Wing Interconnect Technology Co. in the northern province of Bac Giang has raised the investment capital of its project by 110 million USD. With the latest addition, the plant, which manufactures headphones and wires, will have total investment capital of 210 million USD, becoming one of the largest foreign-invested projects in Vietnam in the first two months of this year, baodauthau.vn reports. Covering more than 60,000sq.m in the Van Trung Industrial Zone, the plant manufactures nearly 225 million products each year. In the two-month period, Bac Giang lured 125 million USD in foreign investment capital (FDI), ranking 12th among 63 localities nationwide in terms of FDI attraction, statistics from the Foreign Investment Agency showed. [FDI up 2.5 times in first two months of 2019] As of February, the province was home to 434 foreign-invested projects, with … [Read more...] about Singapore headphone firm ups investment

The province is home to 12 FDI projects, mostly from France, India, Japan, the Netherlands, the Republic of Korea, Thailand and the UK, with total registered capital of US$171 million. Notably, the coffee processing sector has four FDI projects valued at nearly VND1.46 trillion (US$64.2 million).  An Indian-invested coffee plant was established in the province, which can produce 10,000 tonnes of instant coffee and 6,000 tonnes of liquid coffee and trade 12,000 tonnes of robusta coffee per year. Another coffee processing company invested by the UK, Dakman Co.,Ltd, can produce 50,000 tonnes of robusta coffee and 5,000 tonnes of cocoa per year. The provincial People’s Committee said that FDI attraction still lags behind local development demand. Dak Lak is working to lure FDI  in agriculture, renewable energies and tourism. Along with renewing methods of investment promotion, the province is providing online public administrative services to aid investors. … [Read more...] about Dak Lak- a magnet for foreign direct investment

An overview of Bac Giang province (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018. Priority will be given to projects in the fields of transport, energy, key urban area development, supporting technology for garment-textile and footwear sectors, hi-tech industry, spare parts, hi-tech agriculture, and farm produce preservation and processing. The province will also focus on developing various forms of tourism such as spiritual tourism, eco-tourism, and resort tourism with hi-end hotels. To realise the target, the local authorities have requested investors of industrial parks to speed up the completion of technical infrastructure. The province is accelerating the compensation payment for land clearance at Hoa Phu industrial park and selecting investors to build infrastructure at Vietnam-Korea industrial park. It also asked the Embassies of Japan and the … [Read more...] about Bac Giang aims to draw 2 billion USD in investment this year

Vietnam has become an appealing investment destination for international textile and garment enterprises, as Vietnam’s apparel sector is expected to continue to register strong growth in the coming years. Visitors inspect equipment in the apparel sector at the 2019 Saigon Tex & Saigon Fabric Specifically, more than 1,000 suppliers from 24 countries and territories, including China, France, Germany, Japan, Singapore, the United Kingdom and Thailand, are participating in the 2019 Saigon Tex and Saigon Fabric exhibitions, the two events in the textile and garment industry held concurrently at the Saigon Exhibition and Convention Center in HCMC’s District 7 from April 10 to 13. There are 100 more exhibitors this year, than in 2018. Most of them agreed that Vietnam, a leading exporter of textiles and garments, is a promising market for suppliers of apparel materials and equipment. According to data from the General Statistics Office, Vietnam exported US$7.3 billion worth … [Read more...] about Vietnam’s apparel sector increasingly attractive to foreign investors