Huge investment potential for Vietnam coastal industrial zones
Coastal areas in Vietnam are set to receive attention from investors similar to those in China and Thailand, according to CBRE.
Coastal areas in Vietnam are set to receive attention from investors similar to those in China and Thailand, according to CBRE.
The city attracted 438 new foreign-invested projects during the January – October period.
Vietnam is considered one of JLL’s key growth markets in Southeast Asia.
The establishment of this venture in the midst of the Covid-19 pandemic is testament to Vietnam’s exciting growth story, stated the firm’s senior executive.
FDI commitments in the January – July period totaled US$18.82 billion, down 6.9% year-on-year.
The situation, however, is likely to be getting worse if the pandemic derails the economy, due to the highly cyclical nature of the real estate industry.
Banking and real estate continue to be the top two sectors in the stock market in terms of profit and growth rate.
Hanoi, the city of a nine-million population, needs approximate 600,000 apartments per year.
The most obvious benefits of offshore investment include assisting domestic real estate businesses to diversify their portfolios, increasing cooperation opportunities with a broader business network, and seeking new investment potential.
Investment in real estate sector through capital contribution would avoid risks that might cause to new comers who know little about the market and law.