More FDI poured into property projects
(VOV) - The real estate sector attracted an additional US$1.85 billion in foreign direct investment (FDI) in 2012, accounting for 14.2 percent of the total registered FDI, double last year’s figure.
The Ministry of Planning and Investment’s (MPI) Foreign Investment Agency reports total registered FDI in property projects climbed to US$12.72 billion this year.
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The real estate sector recorded the second largest amount of FDI, mostly in the manufacturing and food processing industries. US$494.3 million in FDI was channeled into expanded projects alone.
In 2011, FDI in real estate projects made up only 5.8 percent of the registered total (US$14.7 billion).