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Foreign funds sought in Vietnam market

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1 Foreign funds sought in Vietnam market on Mon Aug 22, 2011 10:31 am


Foreign investors have plenty of opportunities in the Vietnamese domestic market, as developers are facing difficulties getting bank loans and buyers.
According to Marc Townsend, managing director of CB Richard Ellis Vietnam, South Korean buyers have been returning to the market after leaving in 2008. Russian and Chinese investors have also been expressing interest in the market.
A senior executive of developer Sacomreal said there has been foreign interest in the first half of this year about its project, reported VietnamNet. Foreign companies it has spoken with include Mapletree investments, a subsidiary of Singaporean Temasek Holdings; South Korean Sung Chang, which expressed interest in retail projects; and Israelís Engellnvest.
The analsysis director of Savills Vietnam, Su Ngoc Khuong, has received inquiries from domestic developers hoping to link with foreign funding. He said the number of cases in which domestic investors use the companyís consultancy services has increased by 20 per cent real estate in vietnam
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