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Real estate FDI in 2014 triples 2013 level

Released at: 14:26, 06/01/2015

Real estate FDI in 2014 triples 2013 level

Sector in second place in FDI attraction last year, behind processing and manufacturing, and construction.

by Nguyen Quynh

Real estate was one of the leading fields in foreign direct investment (FDI) attraction during 2014.

According to a monthly report released on December 15 by the Foreign Investment Agency under the Ministry of Planning and Investment, real estate was second among fields bringing in FDI to the country, seeing 35 newly-registered projects with total capital of $2.54 billion, accounting for 12.6 per cent of all registered capital for the year.

In 2013, FDI to real estate, including new and additional capital, stood at $951 million in 20 projects. The 2014 result is triple that figure year-on-year.

The FIA report showed that processing and manufacturing led the way, with 774 newly-registered projects, with new capital and additional capital totaling $14.49 billion, or 71.6 per cent of all registered capital.

In third place was construction, with $1.05 billion in new and additional capital, accounting for 5.2 per cent of the total.

FDI in Real Estate, by Country / Territory, 2014
Country  Investment capital Number of projects
Singapore $9.9 billion 74
South Korea $7 billion 81
Malaysia $5.53 billion  14
Hong Kong $3 billion  45
US $2.05billion 13
Japan $1.5 billion 35
Russia $72.7 million 3

FDI in Real Estate, by investment capital, 2014

Project Investment Capital Investor
Tuan Chau Island Entertainment Complex $7.5 billion ISC Corp
Smart Complex $2 billion Lotte Group - South Korea
Quang Yen New Residential Complex $2 billion  Amata Group - Thailand
Nha Trang Beach Development $1.25 billion Dewan International Company - Hong Kong
Binh Duong Residential Complex $1.2 billion  Becamex Tokyu Company - Japan

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