1. Talk on Dong Nai real estate kicks off in Ho Chi Minh City
Participants at the talk highlighted the fact that Dong Nai province, covering an area of 5,900 square metres, is situated right next to the bustling Ho Chi Minh City. The province also enjoys a well-connected traffic system to Southern Vietnam, making it one of the most popular destinations for real estate investment. Dong Nai recently emerged back in the spotlight thanks to the Long Thanh International Airport project, which is slated to complement Tan Son Nhat Airport in Ho Chi Minh City. Various opportunities for real estate investment have arisen as a result, with special interest for land plots.
HCM City has attracted US$3.23 billion in foreign direct investment (FDI) in the first eight months of 2017. This is 1.57 times higher than the figure in the same period last year. One of the biggest FDI projects currently in HCM City is the Saigon Silicon City Project, a research and development project and home to many of the world’s biggest high-tech corporations and technology start-up companies.
3. World Bank announces new cooperation framework with Vietnam
Under the Country Partnership Framework, the proposed World Bank Group framework for engagement in Vietnam for the financial years 2018-2022 is organised around three focus areas, including enabling inclusive growth and private sector participation, investment in people and knowledge, and ensuring environmental sustainability and resilience. These areas cover 11 objectives, of which “promoting private sector and agri-business development” is a priority.