HANOI, Dec. 26 (Xinhua) -- Vietnam has, since the beginning of this year,
lured over 2.5 billion U.S. dollars worth of foreign direct investment (FDI)
into its real estate sector, according to local newspaper Investment on
Wednesday.
Most of the FDI is poured into Hanoi and Ho Chi Minh City, the newspaper
quoted the Foreign Investment Agency under the Vietnamese Ministry of Planning
and Investment as reporting.
Hanoi has so far this year received FDI of over one billion dollars in
construction of luxury hotels and trade centers. Major realty projects in the
city are being developed by investors from South Korea, Japan and Malaysia.
Vietnam is estimated to reap 20.3 billion dollars in total FDI in 2007,
said the department.
Vietnam attracted 107 FDI projects worth 735 million dollars in1990, 391
FDI projects totaling over 2.8 billion dollars in 2000, and 987 FDI projects
valued at 12 billion dollars in 2006, according to the country's General
Statistics Office.