Property industry expects 20bln USD in FDI

Around 20 billion USD worth foreign direct investment is expected to flow into the property sector this year, the Vietnam Tourism Property Association said.

This represents an increase of 20 percent over last year and 50 percent of the total FDI expected this year.

The Ministry of Construction said property firms have so far registered to develop 263 low-income housing projects with a total investment of 72.7 trillion VND (3.8 billion USD).

Of them, 30 projects with 7,000-10,000 apartments are expected to be completed this year.

Tags: invest in Vietnam, investment in vietnam, vietnam foreign investment, Vietnam investment, vietnam investments, Vietnam Property industry

Posted by VBN on Mar 5 2010. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry