An overseas Vietnamese (OV) has lauded the revised Land Law, which was passed by the Vietnamese National Assembly in January, highlighting its focus on attracting foreign capital and fostering connections between OVs and their homeland.

The industrial real estate segment has emerged as a driver of the property market after sailing through the economic storm last year thanks to the foreign direct investment (FDI) influx, experts have said.

The recently released 2024 Asia-Pacific investor intentions survey by CBRE shows that the real estate market of Vietnam ranks second among the top three preferred emerging markets, following India and preceding Thailand, in the region.

VOV.VN - The groundbreaking ceremony of the VND18 trillion Sycamore Binh Duong luxury housing project by Singapore’s CapitaLand Group was held on February 28 in the southern province of Binh Duong.

The resort real estate market is recording positive signs as demand, in both domestic and international tourist markets, is gradually recovering at a stable pace, thereby helping strengthen trust in the industry, according to Mauro Gasparotti, Director of Savills Hotels.

Vietnam is the second most sought after emerging market for value-added and opportunistic investments, according to the recently released 2024 CBRE Asia Pacific Investor Intention Survey.

The revised Land Law, recently adopted by the 15th-tenure National Assembly, which includes people of Vietnamese origin among land users and increases interests for foreign-invested economic entities, is expected to have positive impacts on the real estate market and the economy at large.

VOV.VN - Vietnam is striving to build 130,000 apartments for low-income earners and workers in industrial parks this year in line with a Government Resolution issued in January 2024, said the Ministry of Construction.

Real estate has emerged as the biggest recipient of foreign direct investment (FDI) in January while foreigners now also have great demand for property in Vietnam, statistics show.

Despite a challenging global economic landscape, Vietnam continues to stand resilient as one of the top 10 recipients of overseas remittances worldwide, with an estimated US$14 billion last year, according to the World Bank’s Migration and Development Brief and the Global Knowledge Partnership on Migration and Development (KNOMAD).