Topic: investors

Total investment in northern province project estimated at $200mln.

Local authorities have licensed six new projects this year.

Measures to be taken to remove difficulties facing businesses in north-central province.

Many Chinese businesses are operating effectively in the country.

Total investment estimated at over $4.7bln in projects of investment priority for the province.

Fields of priority in northern province include electronics, high-tech industry, and automobiles.

Construction to begin in south-central province next May and be completed in August 2024.

As of the end of September, customer deposit balances at 32 leading securities companies had reached nearly VND67 trillion ($2.69 billion), down by more than VND3 trillion ($120 million) compared to the end of the second quarter. This shows that the amount of money withdrawn from the stock market is not significant and individual investors still consider securities an attractive investment channel compared to other channels such as gold, virtual currencies, bank savings, and real estate.

The Vietnam Institute of Real Estate Studies (VIRES) has said that investors in the country’s north are increasingly interested in the southern real estate market. They view the southern market as a “promised land”, especially Ho Chi Minh City and neighboring provinces. Recent large-scale projects developed by reputable investors and rising interest in general, especially from customers in the north, have boosted the real estate market in some southern provinces.

Savills HCMC has said that brands from Japan and South Korea occupy nearly half of all retail space in Ho Chi Minh City. CBRE, meanwhile, has said that foreign players continued to expand in the third quarter of the year, with the appearance of many international brands in the fashion, sports, and F&B sectors.