Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Viet Kieu begin to invest in VN property market   2010-10-18 - VNS

A large number of Viet Kieu (overseas Vietnamese) have started to invest in the Vietnamese real estate market.

Investments had become more diversified and stronger than ever, said Megagroup’s Director Nguyen Xuan Chau.

Chau added that the trend had started around 10 years ago and really picked up over the past two years.

In 2010, he said, a series of resorts and ecological tourism projects were announced with a growing number of North American management and consultancy firms co-ordinating the projects.

To capitalise on this, Minh Viet Investment Joint Stock Company recently bought into the franchise of a famous foreign company in order to use its trademark to invest in Viet Nam’s real estate market.

According to the com-pany’s director Chi Edward, his company will use the trademark to do business in training and brokerage as well as managing and developing the real estate market in Viet Nam.

The company had previously invested in projects in Ha Noi, HCM City and the northern province of Quang Ninh.

As further proof, at the end of 2009, the director of Binh Thien An Joint Stock Company, Viet kieu Trinh Thanh Huy, decided to return from Russia and announced that his company was looking to pour hundreds of millions of dollars into the real estate market in HCM City.

Binh Thien An is currently involved with the Thao Dien Metropolice project in District 2 of HCM City.

In the second and third quarters of this year, many other tourism developments were announced by overseas Vietnamese investors from eastern Europe.

The Vietnamese real estate market was still young. It had a huge potential to attract investment from overseas Vietnamese, Chau said.

Referring to a recent survey, experts said the new trend would create competitiveness in the market which would help develop it further.

The survey was carried out at an international real estate exhibition with the participation of 46 countries.

The results showed that investment interest in the Vietnamese real estate market had grown by 20-30 per cent since 2008.

Another survey conducted by a British company also found that in the next two years, Viet Nam would become one of the top three markets of interest in the world.

Other news

Powder milk prices sky high because of unhealthy competition   2010-10-18

Doubts raised over plan to hire state capital representatives   2010-10-18

BUSINESS IN BRIEF 18/10   2010-10-18

Banking sector thriving, production sector facing big difficulties   2010-10-18

Ford: it’s not the right time to make big investment in Vietnam   2010-10-18

Doubts raised over plan to hire state capital representatives   2010-10-18

Powder milk prices sky high because of unhealthy competition   2010-10-18

Interest rates sky high, businesses feel anxious as Tet nears   2010-10-18

BUSINESS IN BRIEF 17/10   2010-10-17

ADB urges multi-national effort against “Dollarisation”   2010-10-17

Antidumping tariffs drag this year’s tra fish export target   2010-10-16

Low-tech cement factories cause burden to energy supply   2010-10-16

Recent price increases raise inflation jitters   2010-10-16

BUSINESS IN BRIEF 16/10   2010-10-16