Vietnams Realty Market Remains Attractive to Foreign Investors

<div>Vietnam&rsquos real estate markets remains attractive to foreign investors with a series of newly-licensed big projects, despite of global economic slowdown and domestic high inflation, Vietnam News Agency said. </div> <div> </div> <div>Ho Chi Minh City has recently granted licenses to many property projects, with the  US$3.5 billion project to build International University Township by Malaysia&rsquos Berjaya Leijaya Group being the largest. </div> <div> </div> <div>The city also licensed a  US$120-million, invested by another Malaysian investor Aseana Properties, to build the Horizon Place urban center. </div> <div> </div> <div>Meanwhile, Brunei&rsquos New City Properties Development Co. Ltd. received an investment license from central Phu Yen province for a  US$4.3-billion tourism complex. The project will house luxury resorts, 4,300 five-star and 8,900 four-star hotel rooms, 160 high-grade villas, and a 36-hole golf course. </div> <div> </div> <div>Indochina Capital earlier kicked off a number of large projects, including the  US$100-million Hyatt Regency resort in the central city of Danang. </div> <div> </div> <div>During a recent trip to Vietnam, President of Israeli Elad Group, Issac Tshuva, expressed his desire to build a seven-star hotel in Hanoi, the first of its kind in Vietnam. </div> <div> </div> <div>The hotel will be home to a conference hall, an advanced building complex and other facilities which satisfy international standards, the visiting guest said, adding that the model has been carried out in Singapore. </div> <div> </div> <div>Recently, Japan Asia Vietnam Co,. Ltd (Javco), which is active in areas such as architectural design, landscape design and management, has ed an office in Ho Chi Minh City, making its first step of doing business in the country&rsquos property market. </div> <div> </div> <div>According to the Ministry of Planning and Investment, the Southeast Asian country attracted  US$13 billion into real estate sector in the first half of the year, accounting for 40 per cent of the total amount of foreign investment. (VNA)</div>