English
Foreign investment flows into Vietnamese real estate plummeted in the first half of this year, but consultants claim investment opportunities “are excellent” for the next 12 months.
A Vietnam Centre of Foreign Investment Studies report showed that total registered foreign direct investment (FDI) in Vietnam’s property sector in the first half of 2011 was just $305 million, a modest figure compared with the sort of sums seen in the last few years.
David Blackhall, VinaCapital’s deputy managing director, said the company was sourcing FDI for private equity and property investments in Vietnam. “The next 12 months will be challenging in specific sectors such as office and condominiums, while the retail and residential land and house sectors will continue to progress albeit at a slower pace than 2010. The long term view is still very exciting as property will lead the way for continued growth and development in Vietnam,” said Blackhall.
By Thanh Thuy
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