Among them, the processing and manufacturing industry continued to maintain its leading position with a total investment of more than 6.64 billion USD, accounting for 61.2% of the total registered investment capital. Banking and financial activities ranked second with total investment capital of more than $1.53 billion, accounting for more than 14.1% of total registered investment capital.

After a long time staying in the 2nd position, up to now, the real estate business has dropped to 3rd place with a total registered capital of 1.16 billion USD - down 61.3% compared to the total capital. invested nearly 3 billion USD in this field in the same period last year.

According to experts, the significant decline of FDI inflows into the real estate sector is due to internal problems of Vietnam’s real estate market such as scarcity of supply, lack of land fund, legal problems, etc. .

In the context that foreign businesses often choose to buy and sell real estate projects in Vietnam, the lack of land fund and supply is a major obstacle. In addition, there are problems with the legal corridor in many real estate projects that are discouraging even domestic enterprises, not to mention foreign investors...

Mr. Su Ngoc Khuong - Senior Director of Investment Consulting Department at Savills Vietnam commented that the current situation of projects is legal jams, money has been collected from customers in advance, and businesses are not transparent about their finances. ; even, there is no independent audit unit. This hinders foreign investors in deciding to participate in pouring capital into the project.

"It is necessary to have policies to open up soon to supplement internal capital and loan capital for businesses, thereby increasing linkages, helping the real estate market take advantage of its potential" - this expert shared. shall.

However, in that context, industrial real estate is currently a rare "bright spot" of the market with room and development opportunities in the short, medium and long term.

Realizing the fact that Vietnam has been and is constantly becoming a place to attract investment in the manufacturing industry. The increase in FDI capital from foreign corporations many times over the past decade is the clearest evidence, building strong confidence in growth in the eyes of international investors.

According to Deputy Minister of Planning and Investment Tran Quoc Phuong, in recent years, on average, FDI capital into industrial parks and economic zones accounts for about 35-40% of the total additional registered FDI capital of the country. Particularly in the field of processing and manufacturing, this rate can be up to 70-80%.

To take advantage of this, the Vietnam Association of Realtors (VARs) believes that the change of the economy as well as the new needs from development require clear and strong policy direction. to support investors, promote market development commensurate with available potential.

VARs Chairman Nguyen Van Dinh commented that, to do so, synchronous industrial park planning information needs to be made public and transparent in the overall planning map of the region and locality for investors to study with peace of mind. Seize investment opportunities.

Besides, the factor that is considered to be the most important factor affecting real estate growth potential as well as increasing competitiveness is infrastructure that needs to be promoted and focused on investment; especially the transport infrastructure connection.

In addition, it is necessary to simplify licensing procedures, solve problems with land procedures (compensation, site clearance) to avoid prolonging construction time as well as legal costs.

Many localities have implemented a "carpet" campaign to welcome investors with a series of preferential policies and other legal support services. However, it is still necessary to give priority to industrial parks that are in line with the orientation, achieve the targets of limiting emissions, energy consumption... to limit the impact on the environment, and reduce pressure on the infrastructure.

From an overview point of view, Mr. Neil MacGregor - Managing Director of Savills Vietnam said that the macro signals still show the strong attraction of the Vietnamese market to investors despite the economic context. world with many changes. Investors in many major markets around the world have emphasized their interest in the Vietnamese market in many fields, especially manufacturing, retail, logistics, offices and housing. live.

Therefore, although attracting FDI into real estate has decreased, it is still possible to find capital for the real estate industry from FDI flows because of the interest of investors to the Vietnamese market today. is very large.

From a different point of view, an expert from Cushman & Wakefield (C&W) cites data that in the last 5 years, there has been the participation of investment funds in Vietnam. Previously, although registered FDI inflows into real estate were quite high, actual realized capital was low. Therefore, C&W assesses, Vietnam is considered an opportunistic investment market, not an investment market through stable cash flow.

In the context that capital poured into real estate is limited from domestic bank credit, FDI inflows are being evaluated as a timely and expensive support plan for project developers, creating creates many opportunities and values ​​for businesses.