The leadership of Gwangseong Total Construction Co., Ltd. (from South Korea) has paid a visit and held working sessions with Dai Nam Son Group to explore the market and expand cooperation opportunities in Vietnam's real estate sector.
Gwangseong, headquartered in Seoul, specializes in executing and constructing officetel and apartment housing projects. Over the past 10 years, the company has implemented hundreds of projects across various cities in South Korea.
"With our experience and existing capacity in construction and real estate, Gwangseong is eager to expand investment activities into Vietnam," Mr. Lee Gwi Hyeong, CEO of Gwangseong, stated at the meeting.
"What we are most concerned about at present are Vietnam’s legal procedures related to land access methods, capital mobilization, taxes and fees for real estate development, construction costs for projects, and forms of cooperation with Vietnamese enterprises,” he said.
Leaders of Dai Nam Son group addressed all of the partner’s questions and concerns. They also provided a detailed analysis of the characteristics of Vietnam’s real estate market; the advantages and disadvantages of different investment approaches; as well as the opportunities, challenges, and difficulties that foreign enterprises may encounter when investing in Vietnam’s real estate sector.
Google translate