Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.
PSNews - In May, a number of large foreign investors increased capital to their projects in Vietnam. Typically, the LG Innotek Hai Phong project (RoK) which specializes in producing camera module was poured into additional US $501 million.
The southern province of Dong Nai absorbed nearly 690 million USD in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143 percent against the same period last year and fulfilling nearly 70 percent of the annual target.
The Chu Lai Open Economic Zone attracted 23 projects in 2017. Three were foreign investment projects worth US$16 million.
The first 11 months of 2017 witnessed a boom in foreign investment in Vietnam, which surged up 53.4% year on year to reach US$33 billion of new capital, according to the Foreign Investment Department under the Ministry of Planning and Investment.
The attractiveness of the processed food industry in Vietnam, a market with 90 million consumers, can be seen in the high number of merger & acquisition (M&A) deals made in the last three years.
Hai Duong attracted US$128.6 million in foreign investment in the first two months of 2017, representing an 8.4-fold increase from the same period last year.
With high growth potential, Vietnam has become a promising destination for leading global beer companies, according to Sai Gon Giai Phong newspaper.
HCM City – The National Assembly delegation of HCM City has asked the city’s People’s Committee why the amount of foreign direct investment has declined this year.
The property market of Vietnam is attractive to foreign investments due to the country’s rapid urbanization, open policies and improved investment climate, experts said.