Real estate FDI surges 35 pct

Real estate FDI surges 35 pct

Real estate FDI surges 35 pct

Foreign direct investment in real estate during the first six months rose 35 percent year-on-year to $1.15 billion, ranking third in all sectors.
The manufacturing and processing sector attracted $6.98 billion, followed by electricity production and distribution, $5.34 billion, according to the Ministry of Planning and Investment.

Total FDI pledges fell 2.6 percent to $15.27 billion.

Singapore led with an investment of $5.64 billion, accounting for nearly 37 percent of the total, followed by Japan, South Korea and China.

Major projects in the first six months include liquefied natural gas power plant Long An 1 and Long An 2 funded by Singapore with a registered capital of $3.1 billion.

It was followed by O Mon 2, a thermal power plant in Can Tho City with a registered capital of $3.1 billion.

LG Display in Hai Phong City increased its investment by $750 million.

Source from :https://bit.ly/3h9pfO1

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  • June 26, 2021