Directorate Statistics report shows that as of August 31, total registered foreign direct investment (FDI) in Vietnam reached 20.52 billion USD, an increase of more than 8% over the same period last year.
Also according to Directorate Statistics, there are currently about 2,247 licensed projects with newly registered capital reaching nearly 12 billion USD, an increase of 8.5% over the same period last year in terms of number of projects and 27% in terms of registered capital.
Notably, real estate business activities reached 2.4 billion USD, 5.1 times higher than the same period and accounted for nearly 20% of the total newly registered capital.
If including newly registered capital and adjusted registered capital, registered FDI capital in real estate business activities reached 2.55 billion USD, 3.7 times higher than the same period and accounting for nearly 14.4% of the total newly registered and increased capital.
Regarding the form of capital contribution and share purchase by foreign investors, investment capital in real estate business activities reached nearly 812 million USD, accounting for 29%.
In the first 8 months of 2024, foreign capital disbursed into Vietnam's real estate business reached 1.27 billion USD, double the same period in 2023.
The four segments that are considered to benefit the most from foreign capital flows are industrial, retail, office and residential real estate.
According to Lao Dong's research on September 17, statistics recently released by Savills also show that Vietnam currently has 33,000 hectares of industrial parks for lease, with an occupancy rate of 80%.
The current emerging development trend is pre-built warehouses and factories, attracting significant interest from investors.
Notably, Savills assessed that the occupancy rate of this type of industrial real estate for lease nationwide also reached 80%. The average rental price is currently at 5.4 USD/m2/month and is mainly concentrated in the southern market.
Mr. Jack Nguyen - General Director of InCorp Vietnam - commented that although domestic spending will slow down somewhat in 2024, the retail real estate market for lease will still maintain good performance thanks to limited supply of premises. This paradox is creating challenges for retailers who want to expand their scale, while pushing up rental prices in central areas in the coming time.
The office and residential segments are also seeing strong demand, driven by a stable economy and expanding companies, experts say. Office rents are expected to remain stable in the future due to new supply and a focus on sustainability.
