H 2015 witnessed an increase in GDP of 6.28% compared to the same period last year, which is the highest level since 2008. Inflation remains under control, with the Consumer Price Index increasing just 0.86% year-on-year. Inward FDI to Vietnam in the 1H of 2015, including both newly registered and additional FDI capital, reached US$5.49 billion, which is down 19.8% year-on-year. However, disbursed FDI increased by 9.6% year-on-year to US$6.3 billion.
Among the provinces, Dong Nai attracted the largest share followed by HCMC Tay Ninh Sector-wise, the manufacturing and processing industry accounted for 76.2% of total registered capital, followed by real estate with 8.5%.
The New Housing Law, which will be effected in July 2015, which allows foreigners to own commercial properties in VN will help to strengthen demand, especially for mid to high-end projects. In addition, the new guarantees required by developers from banks for new developments will add more confidence to the market.
Their Market beat will provide you with a succinct review of Q.2 2015 as well as a brief look at what is to come for Vietnam’s Real Estate market.
Please click here for more information.
Cushman & Wakefield (Vietnam) Ltd., Co
Ho Chi Minh City Office:
Unit 16, 14th floor, Vincom Center, 72 Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City
Tel: + 848 3823 7968
Fax: +848 3823 7969
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