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20/04/2021 09:14 GMT+7
Foreign investment into Vietnam up sharply
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One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year.
A representative of this company said it will pour investment in the millions of USD into Vietnam over the next few months. The capital will be used to expand the storage of vehicles and engines and invest in advanced technology regarding engine exhaust inspection systems for automatic vehicles.
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Less affordable housing is currently leading to price hikes, photo Le Toan
According to Nguyen The Nhien, deputy general director of Hung Thinh Land, the group has had to scale down its business due to the pandemic, and is carrying out more market research into its investment strategy. âWe are changing in the three key fields of developing more affordable products, offering reasonable price, and phasing out processes of payment to clients,â Nhien said.
According to the Ministry of Construction (MoC), the structure of real estate products in the Vietnamese market now is not sustainable with less proportion of affordable products, while this is now occupying the highest demand from buyers.