Wednesday, July 24, 2024 10:41:57 AM - Markets open
VN-INDEX 1,223.97 -7.84/-0.64%
HNX-INDEX 232.20 -2.40/-1.02%
UPCOM-INDEX 93.48 -0.92/-0.97%
S. Korean investment into Việt Nam property market increases
Vietnamnews - 6/21/2022 3:42:35 PM
 (0 ratings. You must sign in to rate.)
Việt Nam's real estate is an increasingly attractive sector for South Korean investors, according to Savills Vietnam. 
“The COVID-19 pandemic limited South Korean investors as they could not physically visit properties. However, international flights resumed in March, which means investors can now travel freely to Việt Nam and expand their business activities," said Andrew Lee, Senior Manager, Korean Desk Business Development, Savills Việt Nam. 
"We expect an increase in Korean real estate projects this year.” 
There have been several notable investments this year. Lotte E&C invested US$900 million into Lotte Eco Smart City Thủ Thiêm, and YSL Group is implementing a 300-hectare industrial project in Nam Bình Xuyên, Vĩnh Phúc Province. 
Thanks to its focus on sustainability, Nam Bình Xuyên Green Park is set to be a leading investment destination for domestic and foreign businesses in Vĩnh Phúc, according to Savills Vietnam.
Logistics real estate is popular with South Korean investors, especially those looking to develop cold storage or smart warehouses.
Việt Nam's real estate is increasingly popular with South Korean investors. The proportion of investment reached 13 per cent by the end of November 2021.
“Việt Nam is an ideal destination for businesses that wish to diversify their profile and avoid being dependent on one country in the supply chain," Lee said. "Localities close to international borders and transport links like ports are attractive investment destinations."
"Việt Nam’s improving investment environment also motivates South Korean investors to boost capital inflows into real estate.” 
In May, many countries, including the US, Japan, South Korea and Việt Nam, joined discussions on creating a new Asian-Pacific economic initiative. The discussions led to the creation of the Indo-Pacific Economic Framework (IPEF), which will create opportunities for Việt Nam within the region.
Trade between Việt Nam and South Korea continues to thrive. In early 2022, the Ministry of Finance hosted a conference with the Korean Embassy and the Korean Chamber of Commerce to discuss tax and customs policies and administrative procedures. Both countries decided to amend the Double Taxation Agreement to improve trade flows.
According to the Ministry of Planning and Investment, since 2020, South Korea has been one of the leading FDI source countries. Manufacturing and processing investments have accounted for most South Korean deals. 
In the first five months of 2022, South Korea ranked second with an investment capital of over $2.06 billion, representing a 12.6 per cent year-on-year increase.
With 112 new projects in 2022, South Korea had the greatest share or 19.4 per cent. It also contributed the most additional capital.
“Industry in Việt Nam is moving up the value chain, and high-value industries are increasingly evident," Lee said. 
"Many South Korean companies working with high-value-added goods like electronics and high-tech equipment have invested in the Northern Key Economic Zone. However, more traditional industries like textile manufacturing tend to be in the Southern Key Economic Zone.” — VNS
Read original article here
Newer News
23/07 Real estate firms aggressively restructuring bond debt
18/07 Land Law to create investment waves in various sectors: Experts
16/07 New legal framework to create advantages for foreign real estate investors
12/07 Villas in Hanoi see price increases, although the real estate market is still slow
08/07 Early enforcement of real estate laws - a catalyst for the market recovery
05/07 Real estate market to ‘prosper’ from 2025: Batdongsan
05/07 HCM City real estate revenue up 6% in H1
02/07 Two Vinhomes projects granted permission to sell homes to foreigners
02/07 Hoà Vang district offers ready-cleared land to investors
29/06 Property transactions of individuals might be limited
Older News
15/06 Vietnam’s real estate market attractive to RoK investors: consultancy company
30/05 Drastic measures needed to keep property market healthy: conference
16/05 Not lending to property sector will have mixed effects: analysts
31/03 Real estate market riding high
15/03 Many factors support industrial real estate market’s growth: Experts
04/03 Construction on Sa Pa airport begins
23/01 Civil construction to benefit from public investment wave: insiders
30/12 Real estate market remains attractive despite COVID-19
24/12 Thu Thiem New Urban Area a potential gold mine
02/12 Bac Ninh leads industrial property supply in the north
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 10:35:01 AM
VN-INDEX 1,223.97 -7.84/-0.64%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.