In the first 10 months of 2017, the country attracted foreign direct investment (FDI) $ 28.24 billion, up 1.6 times compared to the same period last year (only $17.6 billion in the first 10 months of 2016).
This is the information just released in the real estate market report in the first 10 months of 2017, 2018 forecasts, and solutions for market development of Ho Chi Minh City Real Estate Association (HoREA) . According to HoREA, this is the highest increase in in the last10 years.
In particular, HCMC has attracted US$ 5.03 billion in FDI, leading the country twice as many as in the first 10 months of 2016. Namely, the processing industry and manufacturing ranked first, accounting for 34.5%; Real estate sector accounted for 32.9%, ranking second; other sectors account for 32.6%.
The amount of remittances to HCM City in the first nine months reached over $ 3.3 billion, up 6% compared to the same period in 2016. Of which, about 22% of remittances were invested in real estate.
On the situation of capital mobilization and credit growth, HoREA said that in the whole country, the results of mobilizing capital in 09 months increased about 11.2%, reduced compared to the same period last year (09 months of 2016 reaching 14.1%). Credit growth in the first nine months was about 11.5%, which is a good increase compared to recent years (only 10.46% in the same period of 2016). In particular, the rate of loans to the real estate sector has shown signs of slight decrease, only reaching about 16.8%.
Source: VietnamNet
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