TPO - In the first 8 months of the year, foreign capital disbursed into Vietnam's real estate business reached 1.27 billion USD, double the same period last year. The 4 segments that are considered to benefit the most from foreign capital are industrial real estate, retail, office and housing.
Attracted 1.27 billion FDI capital
According to the General Statistics Office, as of August 31, total registered foreign direct investment (FDI) in Vietnam reached 20.52 billion USD, an increase of more than 8% over the same period last year.
There were 2,247 licensed projects with newly registered capital reaching nearly 12 billion USD, an increase of 8.5% over the same period last year in terms of the number of projects and 27% in terms of registered capital. Of which, real estate business activities reached 2.4 billion USD, 5.1 times higher than the same period and accounting for nearly 20% of the total newly registered capital.
If including newly registered capital and adjusted registered capital, registered FDI capital in real estate business activities reached 2.55 billion USD, 3.7 times higher than the same period and accounting for nearly 14.4% of the total newly registered and increased capital.
Regarding the form of capital contribution and share purchase by foreign investors, investment capital in real estate business activities reached nearly 812 million USD, accounting for 29%.
The segment that benefits the most
According to Savills statistics, Vietnam currently has 33,000 hectares of industrial parks for lease, with an occupancy rate of 80% and high demand, especially in the southern region. The current emerging development trend is ready-built warehouses and factories, attracting significant interest from investors. The occupancy rate of this type of real estate nationwide also reaches 80%. The average rental price is currently at 5.4 USD/m2/month and is mainly concentrated in the southern market.
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Industrial real estate attracts investors and foreign capital. |
Mr. Jack Nguyen - General Director of InCorp Vietnam - said that FDI capital flows mainly focus on manufacturing, real estate and energy industries. Of which, Singapore, Japan and Hong Kong - China are still the largest investors.
“We have received consulting requests from Chinese companies, especially in the northern market. Many Chinese manufacturers are moving to Vietnam to set up their supply chains. The trend of building a large-scale industrial park right on the outskirts of the city promises to create a new wave of investment,” said Mr. Jack.
In addition, although domestic spending has slowed down this year, the retail real estate market for lease has maintained good performance thanks to limited supply of premises. This paradox is creating challenges for retailers who want to expand their scale, while pushing up rental prices in central areas in the coming time.
The office and residential market segments are also seeing strong demand, driven by a stable economy and expanding companies. Office rents are expected to remain stable in the future due to new supply and a focus on sustainability.
A recently released study by Savills Impacts also confirmed that Ho Chi Minh City and Hanoi are among the fastest growing cities in the world thanks to factors such as demographics, urbanization, economic growth and the development of the middle class. Remittances to Ho Chi Minh City have reached a 10-year high, with an estimated 20% invested in real estate, continuing to support the recovery of the housing market.
Source: https://tienphong.vn/von-ngoai-do-manh-vao-bat-dong-san-post1673109.tpo
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