Vietnam has attracted 1,100 FDI projects in real estate to date with total investment of $66.4 billion, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

The figure accounts for 15 per cent of the total value of FDI projects in Vietnam.

With this result, real estate now ranks second in FDI attraction, after only manufacturing and processing, Mr. Nguyen Anh Tuan, Deputy Head of the FIA, told a recent conference on the development potential of Vietnam’s real estate market.

There are 48 countries and territories investing in Vietnam’s real estate market, with Singapore topping the list, followed by the Republic of Korea (RoK), British Virgin Islands, and Japan.

Ho Chi Minh City leads among 45 cities and provinces with FDI in real estate, attracting $16 billion worth, or 24.7 per cent of foreign capital in property. Following is Hanoi and Binh Duong and Ba Ria-Vung Tau provinces.

VnEconomy