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| Top ten real estate FDI projects in 2008 |
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15/Jan/2009 Intellasia | 14/Jan/2009 CafeF |
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15 Jan, 2009 - 9:27:46 AM |
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The Ministry of Planning and Investment recently announced top ten foreign direct investment (FDI) projects in real estate sector with a total pledged capital of up to nearly US$19 billion, accounting for over 30% of the total registered FDI capital of US$64 billion invested in Vietnam in the year 2008.
These property projects were mainly into spa areas, hotel and tourism (35%), office and apartments (42%), new urban areas (19%) and industrial and export processing zones (4%).
Out of top ten property FDI projects, investors mainly focused on southern and coastal areas. Notably, three biggest FDI projects were in HCM City and two southern provinces of Ba Ria Vung Tau and Phu Yen.
Top ten real estate FDI projects include:
* New City Vietnam Ltd Co in the southern province of Phu Yen has a total investment capital of US$4.34 billion.
* Ho Tram (Tram Lake) Project Ltd Co in the southern province of Ba Ria –Vung Tau has total investment of US$4.23 billion.
* Berjaya Vietnam International University Urban one member Ltd Co in HCM City has a total investment of US$3.5 billion.
* Starbay Vietnam one member Ltd Co in the southern province of Kien Giang has a total investment of US$1.648 billion.
* Good Choice USA-Vietnam Ltd Co in the southern province of Ba Ria –Vung Tau has total investment of US$1.299 billion.
* TA Associates Vietnam Ltd Co in HCM City has a total investment of US$1.207 billion.
* Vietnam Financial Centre Ltd Co in HCM City has a total investment of US$930 million.
* Water Front City Ltd Co in the southern province of Dong Nai has a total investment of US$750 million.
* Vietnam-Japan Human Resource Development Joint Stock Co in HCM City has a total investment of US$610.3 million.
* Aqua City Joint Stock Co in the southern province of Dong Nai has total investment of US$518.75 million.
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