Accumulating to the end of July 2020, Vietnam has attracted nearly US$60 billion in the real estate sector.

To the end of July 2020, Vietnam has attracted nearly US$60 billion
to the real estate sector. Photo: Internet. 

Regarding the FDI capital in the real estate sector, the Ministry of Construction said that the Covid-19 pandemic had a negative impact on the global and domestic economy. Accordingly, production and business activities have been delayed and many enterprises have fallen into difficulties.

The capital to carry outFDI projects continued to decline in the first six months, equaling only 95.1% over the same period last year, but the rate is improving gradually compared to previous months.

For FDI, for many recent years, the real estate sector has always ranked second in attracting FDI (after the processing and manufacturing sector).

According to the statistics of the first six months of 2020 of the Ministry of Planning and Investment, the registered investment capital in the real estate sector ranked only 4th with a total registered capital of nearly US$850 million, accounting for about 11% of the total newly registered FDI capital.

However, according to the Ministry of Planning and Investment, in the first seven months of 2020, FDI attracted to the real estate sector has upgraded to 3rd, only following the processing and manufacturing sector, production and distribution ofelectricity, gas, water and air conditioners. Accordingly, more than US$2.8 billion has been invested into this sector by foreign investors.