Foreign Investors Inject 22 Million USD into Ho Chi Minh City's Real Estate Market in January

According to a report from the Ho Chi Minh City Statistics Department, in January 2024, foreign investors poured 22 million USD into the city’s real estate sector, accounting for 23.7% of the total foreign investment. This reflects international investors' continued interest and confidence in the Ho Chi Minh City real estate market, particularly in the context of the ongoing economic recovery after the pandemic.

As of January 20, the total foreign investment in Ho Chi Minh City reached 125.7 million USD, equivalent to 70.2% of the amount in the same period last year. Of this, capital contribution, share purchases, and equity acquisitions made up the largest portion, totaling 93 million USD, an increase of 70.1% compared to the same period last year. While investments were spread across various sectors, real estate remained a major focus for foreign investors.

Specifically, in addition to real estate, the professional, scientific, and technological sectors also attracted significant capital, totaling 57 million USD, or 61.2% of the total contributions. Investors from Singapore and Hong Kong dominated, contributing 72.5% and 10.1% respectively.

In addition to capital contributions, Ho Chi Minh City also saw a number of projects adjusting their registered capital. In January, there were 7 projects that adjusted their capital registrations, amounting to 8.9 million USD. Notably, real estate projects accounted for the majority, with 3 projects increasing their registered capital by 7.3 million USD, making up 82.4% of the total capital adjustment. This indicates that investors continue to show strong interest in the real estate market, even as some projects undergo adjustments.

Ho Chi Minh City also saw a rise in newly approved projects. In January, 80 new projects were approved, an increase of 60% compared to the same period last year, with a total registered capital of 23.8 million USD. The wholesale, retail, and automobile and motorcycle repair sectors saw the most significant growth, with 53 projects, accounting for 87.7% of the new capital registered. Japanese investors led the way in new project approvals, with 8 projects totaling 12.1 million USD, representing 50.8% of the new registered capital.

Furthermore, the establishment of new businesses in Ho Chi Minh City was also positive. In January, the city granted licenses to more than 3,300 new businesses, with a total registered capital exceeding 39 trillion VND, an increase of 30.2% in terms of number of licenses and a remarkable 117.2% increase in capital compared to the same period last year.

In the real estate sector, 85 new businesses were licensed, with a registered capital of 18.358 trillion VND, an increase of 16.5% in terms of licenses granted and more than a tenfold increase in capital compared to last year. This indicates that, despite the ongoing market recovery, real estate remains a vital sector for the economic development of Ho Chi Minh City and will continue to attract significant investor interest.

These figures reflect investor confidence in the potential of Ho Chi Minh City and demonstrate the strong recovery of the real estate market, suggesting that this sector will continue to be a key area of investment in the near future.