Want to be in the loop?
subscribe to
our notification
Business News
FOREIGN CAPITAL FLOWING TO VIETNAM€™S HOUSING MARKET
In 2014, a Japanese investment fund with the total assets of $5 billion, committed to pour VND600 billion to acquire CityGate, a project in district 8 developed by Nam Bay Bay Company. Later, it was the Japanese fund which signed with Nam Bay Bay agreements on contributing capital to two other projects.
Creed Group has once again surprised the public when signing a cooperation agreement with An Gia Investment on reserving an investment amount of $200 million to develop real estate projects in HCM City together with An Gia.
Toshihiko Muneyoshi, president of Creed Group, when answering Dau Tu’s interview recently, said it is now the right time to make investment as the market has entered the recovery period.
The Creed Group is just one of the investment funds now pumping capital into the property market. Analysts said capital has been flowing strongly from Japan, Singapore, South Korea and Hong Kong.
Kiet from CBRE also emphasized investment from Japan, saying that investors from Japanese are cautious before making investments. Japanese capital includes ODA (official development assistance) capital flowing into transport projects but many Japanese investors also pour capital into the real estate sector.
Japanese Tokyu Group, for example, and Vietnamese Becamex IDC are developing Tokyu Binh Duong project which has huge capital of $1.2 billion. Sora Gardens I, a component project, which is a 24-storey tower building, has been completed.
Meanwhile, Takashimaya has opened a shopping mall near Ben Thanh Market in the central area of HCM City.
A series of other investment deals have been announced. VinaCapital has poured $15 million into Novaland. Warburg Pincus has invested $100 million more into Vincom Retail, raising its total investment capital to $300 million.
Keppel Land from Singapore has poured $7 million more into Nam Long, while the US GEM Fund has committed to invest $20 million in Hoang Quan Real Estate Group.
Duong Thuy Dung from CBRE Vietnam said foreign investors’ stronger participation in the housing market will benefit consumers.
Source: VIR
Related News
VIETNAM EYES 8% GDP GROWTH IN 2025
The State Bank of Vietnam (SBV) has been tasked with closely monitoring global and regional economic developments and adjusting monetary policies to align with shifts in major economies. The directive emphasizes reducing lending rates, managing deposit rates at commercial banks, and ensuring credit flows remain uninterrupted in early 2025.
GOVERNMENT MEMBER FOR 2021-2026 TERM
The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.
EXCLUSIVE OFFER FOR HKBAV MEMBERS
Minimum order: 1 box (10 gift boxes per box; 6 gift bags per box)Free shipping on orders over 2 million VND (nationwide delivery across Vietnam)Volume discounts available for large orders
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
QUANG TRI TARGETS 6,000 MW WIND POWER CAPACITY BOOST
The central province of Quang Tri is seeking the Government’s approval to expand its wind power capacity by an additional 1,500-2,000 MW for onshore projects and 2,600-4,000 MW for offshore projects, according to the Vietnam News Agency.
HCMC’S RETAIL SALES REACH NEARLY VND568 TRILLION
HCMC’s retail sector has shown a notable recovery this year, with total retail sales of goods nearing VND568 trillion, an 11% uptick compared to the previous year, according to the HCMC Department of Industry and Trade.This year marks the second consecutive year the city has implemented its market stabilization program, with businesses playing a pivotal role in maintaining stable prices and ensuring a steady supply of goods.