Vietnam’s real estate sector attracted $1.27 billion worth of FDI in January, accounting for 53.9 per cent of total registered capital and double the figure posted in the same period last year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

Real estate therefore ranked first among 15 economic sectors in FDI attraction, the Nhan Dan (People) online newspaper reported.

The manufacturing and processing sector was second, with nearly $926 million, or 39.2 per cent.

The increase in real estate was attributed to infrastructure improvements, administrative reform, and investment in innovation centers in Vietnam, which contributed to making the market more attractive for international investors.

Vietnam had attracted more than $2.36 billion in FDI this year as of January 20, an increase of 40.2 per cent over the same period of 2023.