Vietnam had attracted $1.53 billion worth of FDI into its real estate sector this year as of the end of July, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

The figure puts real estate in third position in FDI attraction.

Rising FDI has led to higher demand for industrial real estate. A report from the Ministry of Construction in the second quarter of this year showed that the occupancy rate at industrial parks stood at 80 per cent in the northern region and 85 per cent in the southern region.

Rentals at industrial parks in the second quarter rose by 5-7 per cent compared to the same period last year.

Vietnam now has over 400 industrial parks on a total area of more than 128,000 ha.

As of the end of July, Vietnam had drawn a total of $13.43 billion in FDI this year.