Vietnam Property Market Overview 1Q20
The latest overview of the real estate market and the outbreak's impact on businesses.
Covid-19 epidemic was keeping investors on the sidelines as to whether to invest or expand businesses in Vietnam. Total foreign investment reached nearly USD 8.6 billion in 1Q20, down 20.9% y-o-y. Of the total, USD 5.5 billion came from newly licensed projects, while those with capital contribution, share purchase and those with additional registered capital totalled USD 2 billion and 1.07 billion, respectively.
Power production and distribution industry took the lead with total capital of over USD 4 billion, accounting for 47.5% of total registered investment capital; Manufacturing and processing industry ranked second with USD 2.72 billion; The retail sales and real estate businesses followed with USD 682 million and 264 million, respectively.
Singapore currently leads the list of countries investing in Vietnam in 2020, with a total investment of USD 4.54 billion, followed by familiar partners such as Japan, China and South Korea.
The Vietnam Property Market Overview 1Q20 report provides the latest real estate market overview and discuss about the outbreak's impact on businesses in the first quarter of 2020. Download now.