Strategic investors must have a minimum charter capital of VND500 billion ($21 million) to invest in the southern economic hub of Ho Chi Minh City, according to a new resolution issued by the National Assembly, Vietnam s legislative body.
Merger and acquisition (M&A) deals, mostly with overseas buyers, have emerged as a solution for cash flow bottlenecks faced by Vietnamese real estate developers.
Vietnam currently employs around 4.5 million workers at its industrial parks, and around half of them are in need of accommodation, equivalent to 12.5 million square meters of housing, according to property consultancy Savills.
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