Thursday , November 21 2024

FDI flows into property down 61%


FDI in the property sector fell by 61% year-on-year in the first five months to US$1.16 billion amid a frozen market and large layoffs in the industry.

The industry ranked third in FDI with 10.7% of the total amount and behind manufacturing and finance-banking.

In the first quarter it had been in second place.

The number of newly registered real estate businesses fell by 61% year-on-year to 1,744 in the first five months. More than 550 companies were dissolved, a 30% increase.

Legal challenges and lack of agreement on acquisition prices were among the main reasons for the fall in FDI, consultancy Savills Vietnam had said in a report at the end of last year.

Read More :
- Reduce Hair Loss with PURA D’OR Gold Label Shampoo
- Castor Oil Has Made a “Huge” Difference With Hair and Brow Growth
- Excessive hair loss in men: Signs of illness that cannot be subjective
- Dịch Vụ SEO Website ở Los Angeles, CA: đưa trang web doanh nghiệp bạn lên top Google
- Nails Salon Sierra Madre