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FDI inflows to real estate sector drops

SGGP
According to a report by the Foreign Investment Agency under the Ministry of Planning and Investment, as of July 20, the real estate market fell into a recession and foreign direct investment (FDI) capital (FDI) inflows to real estate sector dramatically decreased.
FDI inflows to real estate sector drops ảnh 1 FDI inflows to real estate sector drops
Noticeably, the total registered foreign direct investment (FDI) capital reached US$16.7 billion, down by 11 percent against the same period last year. FDI inflows to real estate in seven months just reached nearly $1.2 billion, down by $1.6 billion over the same period.
Specifically, in 18 industries and fields attracting investment, the processing and manufacturing industry leads the way with a total investment capital of over $7.9 billion, accounting for 47 percent of the total registered investment capital meanwhile electricity production and distribution attracted $5.49 billion, accounting for nearly 33 percent of the total registered investment capital.
Particularly in the real estate industry, investment capital decreased sharply due to the absence of large projects.

By Han Ni – Translated by Anh Quan

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