A slowdown in the real estate in vietnam market together with a decrease in FDI investment and overseas remittances are threatening Vietnamese financial markets.
Less FDI investment may affect economic prospects
According to the Ministry of Planning and Investment’s Department of Foreign Investment, foreign direct investment in real estate was only $305 million in the first six months of this year. This is the lowest figure for the past five years.
The figure peaked at $23.6 billion in 2008 and reached $6.84 billion in 2010, the department said.
At a seminar on in Hanoi on August 18, experts worried that a decrease in FDI investment in real estate may signal a negative impact on Vietnam’s economic prospects because the country still heavily depends on outside resources.
Read Full News at http://realestateinvietnam.blogspot.com/2011/08/sluggish-real-estate-market-poses.html
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