In the first six months of 2016, the total newly-registered foreign direct investment (FDI) capital in Vietnam reached US$11.28 billion, up 105.4% on-year. Real estate is the second most preferred sector with 25 new projects worth US$604.8 million, making up 5.3% of the total FDI volume, according to the Ministry of Planning and Investment. “If we look at where the money is being dispersed, it is going across all sectors, especially commercial and hospitality sectors. Indeed, Cushman and Wakefield (C&W) Vietnam has received more requests from foreign investors who are looking for grade A offices, downtown retail space, big industrial parks, and prime residential development sites,” said Alex Crane, general director of C&W Vietnam. In the first half of 2016, a series of M&A deals have been obtained by foreign investors. Remarkably, Singaporean developer Mapletree Investments Pte acquired a 50% stake in Kumho Asiana Plaza, a serviced apartment, office, and hotel complex in Ho Chi Minh City’s District 1 for US$107.5 million. Frasers Centrepoint Limited signed a deal with local developer An Duong Thao Dien to develop a residential-cumcommercial project in Ho Chi Minh City at an estimated cost of US$85 million. Crane said that more transactions are being seen… Read full this story
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