HCM CITY — Despite great volatility this year, the Vietnamese property market is still considered one of the most attractive in Asia, a seminar that ended in HCM City on Wednesday heard.
Delegates from more than 70 domestic and foreign property companies told the two-day seminar held jointly by the city’s Foreign Affairs Department and the Singapore-based International Quality and Productivity Center that the market in Viet Nam has many advantages, one of them being the relentless rise in foreign direct investment.
FDI worth US$45.28 billion was committed in the first seven months, almost five times the figure for the same period last year. Of this, $21.4 billion, or 48 per cent, was in the real estate sector. HCM City attracted the second-highest amount among all provinces and cities with US$7.9 billion, 90 per cent of it in the property sector.
