More than 1.1 billion USD of foreign capital poured into real estate

According to the Ministry of Planning and Investment, as of the end of April, the total newly registered FDI capital, newly registered and contributed capital to buy shares amounted to USD 14.59 billion, up 81% compared to with the same period last year.

This is a record of the value of registered investment capital of 4 months in the past 4 years (in 2016 reached 7.5 billion USD, in 2017 reached 10.6 billion USD and in 2018 reached 8 billion USD). FDI capital increased sharply in new projects and capital contribution.

Notably, the amount of capital through capital contribution and share purchase increased sharply with 1,653 capital contributions, shares purchase of foreign investors reached US $5.68 billion, 3 times higher than the same period and accounted for 52.6% of total registered capital. In the first 4 months of the year, foreign investors have invested in 19 sectors - sectors, most of which focus on processing and manufacturing industries with a total capital of nearly 10.5 billion USD, accounting for nearly 72% of the total registered investment capital.

Real estate business is the second field with a total investment of 1.1 billion USD, accounting for 7.5% of the total registered investment capital, in which foreign investors pour capital into the capital contribution and purchase of shares reached 562.2 million USD. According to the HCM City Real Estate Association, the current FDI inflows into this market account for about 21% of the total FDI capital into Vietnam, but still cannot meet the capital needs of enterprises.

Source: Internet

Regarding capital for the real estate market, recently, the Prime Minister has issued instructions on some measures to promote the real estate market to develop stably and soundly, including the development of Real estate market is not really sustainable, there are many potential risks. Unreasonable structure of real estate goods, excess of high-class housing products, large area, high selling price, lack of social housing products and low-cost housing in accordance with the needs of most people...

In order to overcome the weaknesses, to survive and continue to promote the stable and healthy real estate market in the coming time, the Prime Minister requires ministries, branches and localities to well perform their tasks. In particular, the State Bank was assigned to closely monitor the situation, control credit scale in accordance with macroeconomic developments, and control credit tightening for real estate business. To encourage credit institutions to allocate credit capital to social housing development projects, low-price commercial houses and rental houses.

In addition, the State Bank should strengthen inspection and supervision of credit granting activities to invest, trade real estate, strictly handle violations in the field of currency, banking...

According to Nguoi Lao Dong