Sunday, July 15, 2007

FDI in property to reach 9 billion USD

Foreign investment in the Vietnamese property market is expected to reach 9 billion USD in 2010, according to real estate and marketing research company VietRees.

The company’s research shows that foreign investment increased significantly over the last two years. Leading investors come from the Republic of Korea, Singapore, Malaysia, Hong Kong and Taiwan.

Ho Chi Minh City topped the list for investors, followed by Ha Noi, central Da Nang and northern Ha Tay province.

VietRees predicted that the number of foreign invesotment projects will continue at a bustling rate in the next three years.

Source: VNA

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