VietNamNet Bridge - The strong flow of FDI is expected to trigger a new investment wave into the industrial real estate sector. The FDI flow is expected to trigger a new wave of investment into industrial real estate sector According to JLL, the total supply of industrial land for leasing in southern industrial zones (IZs) had reached 37,030 hectares by the end of June. Not all IZs can catch the eyes of manufacturers. Foreign investors only choose IZs with good infrastructure, especially electricity and water supply. Besides the cheap labor cost in Vietnam, which is half of China’s, the reasonable rent is also attracts foreign investors. RELATED NEWS Vietnam plans to prioritize ecological IZ development Industrial zones getting hot again Thanh Lich … [Read more...] about Industrial real estate sector booms
Real estate sectors
Remittance plays important role in enhancing real estate sector’s liquidity: experts
Illustrative Image (Source: VNA) Hanoi (VNA) – Remittance is an important factor in enhancing the liquidity of Vietnam’s real estate sector, as the amount of the money flowing to Vietnam in the recent years has continuously increased, according to market watchers. In 2016, due to the influence of the presidential election in the US, the amount of remittance to Vietnam was only 9 billion USD, a level less than expected. But in 2017, the figured recovered to 13.8 billion USD, up 16.8 percent over the previous year, making a new record height. In Ho Chi Minh City alone, remittance the same year hit 5.2 billion USD, a rise of 4.5 percent year on year. Statistics from the State Bank of Vietnam, Ho Chi Minh City branch, showed that in the first half of this year, the amount of remittance was estimated at 2.45 billion USD, up nearly 20 percent over the same period in 2017. Of the total, the majority came from the US with over 60 percent, and Europe with more than 19 percent. … [Read more...] about Remittance plays important role in enhancing real estate sector’s liquidity: experts
FDI into real estate sector on the sharp rise
Foreign direct investment (FDI) into Vietnam’s real estate sector has continued rising, showing positive signs for the sector. According to the Ministry of Planning and Investment’s Foreign Investment Agency, in the first two months of this year, Vietnam attracted USD312 million investment in the real estate sector, accounting for 9.3% of the country’s total registered FDI during the period. In the first two months of this year, Vietnam attracted USD312 million investment in the real estate sector With the figure, real estate stood third among sectors which lured FDI the most between January and February this year. By the end of 2017, Vietnam attracted a total USD53.1 billion FDI in the property sector, making up 16.7% of the country’s total FDI. Japan has become the biggest foreign investor in Vietnam’s real estate sector with the participation of its big names such as Mitsubishi, Maeda, Kajima, Sumitomo, Sanyo and the Creed Group. According to … [Read more...] about FDI into real estate sector on the sharp rise
Central Bank to inspect lending to stock, real estate sector
By Anh Tu  August 9, 2018 | 08:05 pm GMT+7 An employee counting money at a bank in Ho Chi Minh City, Vietnam. Photo by VnExpress/Anh Tu The central bank has said it will inspect banks with large lending portfolios in real estate and stock markets. Banks need to control loans in risky areas like real estate, stock market and build-operate-transfer (BOT) transportation projects, SBV Governor Le Minh Hung said in a new statement. He said lenders that don’t follow the credit growth target SBV has set, don’t classify debt and don’t set aside risk provisions according to the law will be punished. Lenders with high credit growth in the above categories will be subject to unannounced inspections, he said. Central Bank to inspect lending to stock, real estate sector. … [Read more...] about Central Bank to inspect lending to stock, real estate sector
Thai billionaire sets ambitions on Vietnam’s real estate sector
Singaporean Frasers Property Limited of Thai billionaire, the new shareholder of Sabeco, recently announced plans to buy 75 per cent of Phu An Dien Real Estate JSC (PAD), a subsidiary of Tran Thai Land Company Limited, for $35.2 million. 32-storey residential-cum-commercial development in Thao Dien Ward in District 2 to be held by Thai billionaire Frasers Property Investments (Vietnam) 2 Pte. Ltd., an indirect wholly-owned subsidiary of Frasers Property Limited (FPL) of Thailand’s billionaire Charoen Sirivadhanabhakdi has already entered into a conditional share purchase agreement to acquire 45 million ordinary shares, representing 75 per cent of the issued share capital of Phu An Dien Real Estate JSC. If the proposed acquisition is successfully completed, PAD will become a subsidiary of Frasers Property Limited, and continue undertaking the development of a residential-cum-commercial project on a mixed-use development plot in Linh Trung Ward, Thu Duc District, Ho Chi … [Read more...] about Thai billionaire sets ambitions on Vietnam’s real estate sector