According to statistics from the Ministry of Planning and Investment, foreign direct investment (FDI) capital in the real estate market was estimated to reach US$1.3 billion in 2016. Since early 2017, the field has continued receiving a huge FDI volume through big M&A deals. In January, it reached $297.4 million accounting for 21.2 percent of total FDI capital. Foreign investors have mainly poured capital in the real estate market through joint ventures with local companies who have available land fund. Among big deals, Thai Hemarai Land & Development Group and Civil Engineering Construction Corporation No. 4 have established a joint venture to develop an industrial zone worth $1 billion over 3,200 hectares in Nghe An province. Japanese Aeon Mall Group has worked with Vietnamese BIM Group to develop the second commerce center of Aeon worth $200 million in Hanoi over 16.7 hectares. China Fortune Land Development Group has purchased shares in 198.5 hectare Lotus Dai Phuoc project in Dong Nai province of VinaCapital at the price of US$65.3 million. Son Kim Investment and Development Group has successfully mobilized $100 million from Japanese investors for a local project. In HCMC, Nam Long Joint Stock Company has raised 50 percent of…
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