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FOREIGN INVESTMENT HAVE INCREASED IN 3RD QUARTER

FOREIGN INVESTMENT HAVE INCREASED IN 3RD QUARTER

According to the Ministry of Construction, the Covid-19 epidemic had negative impacts on the economy, in which production and business activities were stagnated, many businesses fell into difficult situations.

As of September 20, the total newly registered, adjusted and contributed capital and purchased shares of foreign investors reached 21.20 billion USD, equaling 81.1% as compared to the same period in 2019.

According to the Ministry of Construction, in recent years, real estate has always ranked second in the list of fields attracting FDI, after the field of processing and manufacturing. However, according to the statistics of the first 9 months of 2020 of the Ministry of Planning and Investment, the registered capital for investment in real estate is only nearly 3.2 billion USD, accounting for about 15% of the total registered FDI capital. new.

However, if only in 2020, FDI in real estate increased from $ 0.264 billion in Q1 to $ 2.35 billion in Q3.

“In the third quarter of 2020, although the real estate market was under the double impact of Covid in the second and last month, the market still reacted positively, reflected in data on the total FDI registered to the real estate sector 400% higher than quarter 2/2020 ”, the report of the Ministry of Construction has written paragraph.

This is a good signal for the addition of an important capital source for development investment of the real estate sector in particular and an important contribution to the investment in socio-economic development in Vietnam in general.

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