Japanese investors eye Vietnam’s real estate market
(VOV) -Many Japanese businesses have expressed keen interest in the long term potential of Vietnam’s real estate market.
The Ministry of Planning and Investment reports in the past 8 months real estate ranked second in attracting foreign direct investment (FDI), totaling US$588.11 million.
Japan’s EXS Capital Fund single-handedly invested US$37 million in the real estate sector.
Savills Vietnam Executive Director Neil MacGregor said his firm has teamed up with its Japanese arm to organise a range of seminars introducing Vietnam’s investment opportunities to Japanese businesses.
Citing the generally positive response, he predicted Japanese firms will continue investing in the real estate sector, considering Vietnam a medium and long-term investment destination.
Signs of real estate recovery in Ho Chi Minh City and Hanoi buck global downward trends. Foreign investors monitoring the market closely can capitalise on the rebound.
The United Nations says Vietnam’s golden population ratio will last until 2035, giving the country an enviably abundant labour force. Its GDP is forecast to grow sustainably, luring more foreign investors interested in negotiating merger and acquisition deals.