Foreign Capital Flows into Real Estate
In the first quarter of 2017, foreign direct investment (FDI) flows kept moving strongly into the real estate market, showing the rising heat and appeal of the Vietnamese property sector.
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In the first quarter of 2017, foreign direct investment (FDI) flows kept moving strongly into the real estate market, showing the rising heat and appeal of the Vietnamese property sector.
With the addition of a foreign capital portfolio in the form of capital contribution and share purchase in the national statistics system, the picture of foreign investment attraction in Vietnam is gradually becoming clearer.
Vice President Dang Thi Ngoc Thinh and a delegation offered incense at the temples of King Dinh Tien Hoang and King Le Dai Hanh in Hoa Lu ancient citadel on April 1, on the occasion of the annual Hoa Lu festival.
The ancient capital Hoa Luin the northern province of Ninh Binh, the backdrop for the upcoming Hollywood movie Kong: Skull Island, has enchanted visitors with its picturesque landscape, temples and pagodas for years now. Two of its more memorable sites are Am Tien Pagoda and Cave.
Ninh Binh has had 602 new enterprises with a total registered capital of over VND 6.9 trillion (303 million USD) over the past 11 months, 82 more in the number of enterprises than the same period last year.
Vietnam attracted 1,408 foreign direct investment projects with the total registered capital of US$8.7 billion from early 2016 to July 20, an on-year increase of 32 percent in the number of projects and 25.5 percent in capital.
More than 90 km south of Hanoi, Ninh Binh is a province with rich tourist potential. The splendid natural scenery of Trang An, Tam Coc and Bich Dong, the stone cathedral of Phat Diem, and the forest of Cuc Phuong are among the attractions of this beautiful land which was the capital of Vietnam a thousand years ago.
Vietnam has successfully attracted and effectively used official development assistance (ODA) capital resources.
Van Long Lake, situated in Gia Van Commune, Gia Vien District, Ninh Binh Province, is the largest wetland nature reserve in the northern delta region of Viet Nam. With a natural area of nearly 3,500 hectares, the lake is currently home to thousands of animals, plants and aquatic organisms, particularly the critically endangered Delacour langur (Trachypithecus delacouri) endemic to Viet Nam. This is an ideal destination for short-time travel for it is only 80 kilometres from Ha Noi, the capital of Viet Nam.
State President Tran Dai Quang beat the drum to open the Truong Yen Festival 2016 at the Hoa Lu ancient capital historic site in the northern province of Ninh Binh on April 15.
Viet Nam attracted US$22.8 billion in FDI in 2015 and disbursed US$14.5 billion in the capital, witnessing respective year-on-year increases of 2.5 percent and 17.4 percent, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.
The Ninh Binh Industrial Zone Management Board has granted licences to13 new projects with a combined investment capital of VND531 billion (US$23.9million) in the past nine months of this year.
Around 7,042 new enterprises were established in September alone with a total registered capital of VND44.5 trillion (US$1.96 billion), reported the Ministry of Planning and Investment.
Ninh Binh province has so far licensed 542 projects with a total registered capital of 105 trillion VND (4.6 billion USD), said Nguyen Cao Son, Vice Director of the Department of Planning and Investment.
The number of newly established enterprises in February was 6,899 with their combined registered capital estimated at VND45.8 trillion (US$2.15 billion), up 44.6% from the previous month.
President Truong Tan Sang was informed about the latest efforts to preserve and restore Hoa Lu ancient capital, a historical and cultural site of great value in the northern province of Ninh Binh, during a working session with local authorities on January 14.
The country has 516 effective FDI projects in agro-forestry-fisheries sectors with a total registered capital of US$3.6 billion, accounting for 3% of all projects and nearly 1.5% of the total registered capital.
In November, Vietnam had 7,767 new enterprises established with a total registered capital of VND38.8 trillion, a 13.7% rise in number of enterprise and a 20.8% increase in capital from the prior month, according to the General Statistics Office (GSO).
The 22nd Asia-Pacific Economic Co-operation (APEC) Economic Leaders Meeting concluded in China's capital city of Beijing on November 11.
As many as 53,192 new businesses have been set up in the first nine months of 2014 with a total registered capital of over 320 trillion VND (15.2 billion USD), up 13.9% in terms of capital compared to last year
Ninh Binh province is located in the southern part of the Northern delta, about 90km from Hanoi capital.
The Vietnam's capital city of Hanoi ranked eighth among top 10 most attractive destinations in the world in 2014, according to the US prestigious travel magazine TripAdvisor.
Though foreign direct investment (FDI) capital declined in the first quarter of the year, economists say Vietnam is benefitting from the shifting of FDI trends, especially from multinational corporations (MNCs).
The Hoa Lu Ancient Capital Festival, held annually in the northern province of Ninh Binh, opened on April 7 with a water procession.
The Ministry of Agriculture and Rural Development (MARD) has concluded a supportive capital provision of nearly US$1.4 million to the national target program on building new-style rural areas with the Food and Agriculture Organization of the United Nations (FAO).