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Nine-month FDI to Vietnam’s real estate doubles to $3.5 billion

The real estate sector received more than $3.5 billion as of Sept. 20, a two-fold increase from a year ago, according to the latest data from the Ministry of Planning and Investment.

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Real estate sector continued as the second biggest foreign investment receiver in the past nine months with more than $3.5 billion, accounting for nearly 19% of total registered investment capital.

This number nearly doubled compared to the same period last year with only nearly $1.8 billion.

Hanoi and Ho Chi Minh City were favorable destinations for foreign investors. Industrial land in these two cities is more competitive and subtly raises rents due to advantages in infrastructure and traffic.

Since the beginning of the year, foreign investors have invested in 53 provinces and cities across the country. In which, leading is Ho Chi Minh City with a total registered investment capital of over $2.96 billion, accounting for 15.8% of total registered capital and up 26.2% from 2021.

Binh Duong ranked second with over $2.7 billion, accounting for 14.4% of total capital, an increase of over 58% over the same period of last year. Bac Ninh ranked third with total registered capital of $1.78 billion, accounting for 9.5% of total capital. 

The government has outlined development directions and increased the availability of real estate nationwide in response to the industrial “tsunami” that is approaching Vietnam.

Nine new industrial parks with a combined size of 2,472 ha and a total investment capital of up to $29.4 trillion have been approved in the first two quarters of 2022 and will begin operations in the years 2023 to 2025.

This makes it possible for both local and international real estate developers to create new goods in response to market demand. Large international investors and businesses, like the LEGO Group from Denmark or the YSL Group from Korea, among others, are helping to raise the bar for the caliber and standards of industrial parks in Vietnam. this professional analysis.

Source: https://e.nhipcaudautu.vn/real-estate/nine-month-fdi-to-vietnams-real-estate-doubles-to-35-billion-3348314/

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330,000 visitors bring Hanoi $42.6mn on Tet

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Hanoi earned more than VND1 trillion (US$42.6 million) from 330,000 visitors in five days of the seven-day 2023 Tet (Lunar New Year) holiday, according to the city’s tourism department.

The number of visitors, calculated from January 21 to Thursday, is three-fold that of the same period last year.

That included 32,000 international visitors, most of whom came from South Korea, Japan, Singapore, Thailand, and Canada, and 300,000 domestic tourists.

The Van Mieu – Quoc Tu Giam (Temple of Literature – Imperial Academy) in Dong Da District welcomed 80,000 people, while the same number of visitors came to the Huong Pagoda in My Duc District.

The UNESCO-recognized Thang Long Imperial Citadel in Ba Dinh District received 19,680 visitors.

About 18,000 people visited the Co Loa relic site in Dong Anh District.

Duong Lam Village and the Son Tay ancient fortress citadel in Son Tay Town drew some 15,000 visitors, Hanoi Zoo in Ba Dinh District received 17,235 people.

The Hoa Lo Prison relic site in Hoan Kiem District, Hong Van ornamental creature village in Thuong Tin District, Bat Trang pottery village in Gia Lam District, and many temples in the capital city also recorded a sharp increase in visitors.

The city’s total tourism revenue during the five-day period is estimated at VND1 trillion.

The occupancy rate of hotel rooms reaches 40 percent during the same period, according to the Hanoi Department of Tourism, which expects the city to remain a favorite destination for tourists in the coming days, when many attractive festivals begin at famous spiritual tourist attractions.

The 2023 Tet break lasted seven days from January 20 to 26 in Vietnam.

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Hanoi earned more than VND1 trillion (US$42.6 million) from 330,000 visitors in five days of the seven-day 2023 Tet (Lunar New Year) holiday, according to the city’s tourism department.

The number of visitors, calculated from January 21 to Thursday, is three-fold that of the same period last year.

That included 32,000 international visitors, most of whom came from South Korea, Japan, Singapore, Thailand, and Canada, and 300,000 domestic tourists.

The Van Mieu – Quoc Tu Giam (Temple of Literature – Imperial Academy) in Dong Da District welcomed 80,000 people, while the same number of visitors came to the Huong Pagoda in My Duc District.

The UNESCO-recognized Thang Long Imperial Citadel in Ba Dinh District received 19,680 visitors.

About 18,000 people visited the Co Loa relic site in Dong Anh District.

Duong Lam Village and the Son Tay ancient fortress citadel in Son Tay Town drew some 15,000 visitors, Hanoi Zoo in Ba Dinh District received 17,235 people.

The Hoa Lo Prison relic site in Hoan Kiem District, Hong Van ornamental creature village in Thuong Tin District, Bat Trang pottery village in Gia Lam District, and many temples in the capital city also recorded a sharp increase in visitors.

The city’s total tourism revenue during the five-day period is estimated at VND1 trillion.

The occupancy rate of hotel rooms reaches 40 percent during the same period, according to the Hanoi Department of Tourism, which expects the city to remain a favorite destination for tourists in the coming days, when many attractive festivals begin at famous spiritual tourist attractions.

The 2023 Tet break lasted seven days from January 20 to 26 in Vietnam.

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Source: https://tuoitrenews.vn/news/business/20230127/330000-visitors-bring-hanoi-426mn-on-tet/71147.html

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Vietnamese firms secure orders to export durians to China during Tet

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Many Vietnamese enterprises have won orders to ship durians to China during this Lunar New Year (Tet) holiday after the first 100-metric-ton Vietnamese durian batch was exported to the northern neighbor via official channels in September last year.

A durian purchasing company in Binh Phuoc Province, southern Vietnam, informed that it had secured an order to export 500,000 metric tons of durians to China.

Although farms in the province fail to supply the sufficient volume, the company will collect durians from other eligible farms.

Meanwhile, Van Xuan Phat Import-Export Co. Ltd. based in Ho Chi Minh City on Thursday said that the company would monthly export 1,000 metric tons of durians.

Huynh Van Dung, a trader in Hanoi, said China has a plan to buy one million Vietnamese durians, which are preferred and quickly consumed in the most populous country in the world.

According to Nguyen Dinh Tung, general director of Vina T&T Group, which specializes in exporting fruits and is among the 25 Vietnamese enterprises being issued with a packaging unit code, Vina T&T and Hong Kong’s Sunwah Group had inked a contract to export Vietnamese durians to Hong Kong.

Vietnam expects to ship 90,000 metric tons, or some 4,500 containers, of fresh durians abroad this year.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, said that although Vietnam has just exported durians to China through official channels since September 2022, the country has generated some US$350 million from durian exports.

Therefore, Nguyen forecast that durians will help earn over $1 billion in export revenue in 2023.

“Durian growing areas issued with codes are entitled to higher export prices. Durians were priced at VND80,000-100,000 [$3.4-4.3] per kilogram in the Mekong Delta ahead of Tet.

“To buy durians from these areas, enterprises must put down deposits,” Nguyen added.

China imported 821,600 metric tons of fresh durians worth over $4.2 billion in 2021, surging 42.7 and 82.4 percent, respectively, year on year.

It is the largest buyer of durians in the world. Thailand is currently the largest supplier of durians to China, accounting for a 40 percent market share.

Local experts forecast that the country’s durian exports will depend on China in the future.

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Many Vietnamese enterprises have won orders to ship durians to China during this Lunar New Year (Tet) holiday after the first 100-metric-ton Vietnamese durian batch was exported to the northern neighbor via official channels in September last year.

A durian purchasing company in Binh Phuoc Province, southern Vietnam, informed that it had secured an order to export 500,000 metric tons of durians to China.

Although farms in the province fail to supply the sufficient volume, the company will collect durians from other eligible farms.

Meanwhile, Van Xuan Phat Import-Export Co. Ltd. based in Ho Chi Minh City on Thursday said that the company would monthly export 1,000 metric tons of durians.

Huynh Van Dung, a trader in Hanoi, said China has a plan to buy one million Vietnamese durians, which are preferred and quickly consumed in the most populous country in the world.

According to Nguyen Dinh Tung, general director of Vina T&T Group, which specializes in exporting fruits and is among the 25 Vietnamese enterprises being issued with a packaging unit code, Vina T&T and Hong Kong’s Sunwah Group had inked a contract to export Vietnamese durians to Hong Kong.

Vietnam expects to ship 90,000 metric tons, or some 4,500 containers, of fresh durians abroad this year.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, said that although Vietnam has just exported durians to China through official channels since September 2022, the country has generated some US$350 million from durian exports.

Therefore, Nguyen forecast that durians will help earn over $1 billion in export revenue in 2023.

“Durian growing areas issued with codes are entitled to higher export prices. Durians were priced at VND80,000-100,000 [$3.4-4.3] per kilogram in the Mekong Delta ahead of Tet.

“To buy durians from these areas, enterprises must put down deposits,” Nguyen added.

China imported 821,600 metric tons of fresh durians worth over $4.2 billion in 2021, surging 42.7 and 82.4 percent, respectively, year on year.

It is the largest buyer of durians in the world. Thailand is currently the largest supplier of durians to China, accounting for a 40 percent market share.

Local experts forecast that the country’s durian exports will depend on China in the future.

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Source: https://tuoitrenews.vn/news/business/20230126/vietnamese-firms-secure-orders-to-export-durians-to-china-during-tet/71137.html

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Int’l tourists to Vietnam’s Phu Quoc during Tet surge

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Phu Quoc Island off Kien Giang Province, southern Vietnam, welcomed some 70,000 tourist arrivals between January 20 and 24, or the 29th day of the 12th month of the last lunar year and the third day of this lunar year, including 4,400 international visitors, surging 64 percent year on year, according to the provincial Department of Tourism.

The city earned VND30.9 billion (US$1.3 million) in tourism revenue in the period.

Meanwhile, the entire Kien Giang Province served 134,160 tourist arrivals, with 4,800 of them being foreigners, soaring 75.9 percent over the same period last year.

On Wednesday, flights, ferries and high-speed vessels from Rach Gia and Ha Tien Cities to Phu Quoc were operated as normal.

Due to the high number of tourists to the island city, the occupancy rate of lodging facilities in the city reached some 85 percent on average.

Huynh Quang Hung, chairman of the People’s Committee of Phu Quoc City, said the city has advantages of beautiful beaches and the favorable climate.

The number of international visitors to Phu Quoc was forecast to surge this year if some air routes connecting the city with China and Russia are reopened.

“Tourists have come to Phu Quoc in droves this Tet. Lodging facilities in the city have reported an occupancy rate of 80, even 90 percent.

“Tourism service providers in Phu Quoc have launched promotion programs to attract tourists.

“In 2023, Hon (Kiss) Bridge in An Thoi Ward will be introduced to attract more local and foreign guests to Phu Quoc,” Hung added.

Earlier, Kien Giang Province expected to welcome more than 400 domestic and international flights to Phu Quoc and Rach Gia cities and over 230 ferry and vessel services to islands off the province during eight-day Lunar New Year holiday, from the 29th day of the 12th month of the last lunar year to the sixth day of this lunar year.

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Phu Quoc Island off Kien Giang Province, southern Vietnam, welcomed some 70,000 tourist arrivals between January 20 and 24, or the 29th day of the 12th month of the last lunar year and the third day of this lunar year, including 4,400 international visitors, surging 64 percent year on year, according to the provincial Department of Tourism.

The city earned VND30.9 billion (US$1.3 million) in tourism revenue in the period.

Meanwhile, the entire Kien Giang Province served 134,160 tourist arrivals, with 4,800 of them being foreigners, soaring 75.9 percent over the same period last year.

On Wednesday, flights, ferries and high-speed vessels from Rach Gia and Ha Tien Cities to Phu Quoc were operated as normal.

Due to the high number of tourists to the island city, the occupancy rate of lodging facilities in the city reached some 85 percent on average.

Huynh Quang Hung, chairman of the People’s Committee of Phu Quoc City, said the city has advantages of beautiful beaches and the favorable climate.

The number of international visitors to Phu Quoc was forecast to surge this year if some air routes connecting the city with China and Russia are reopened.

“Tourists have come to Phu Quoc in droves this Tet. Lodging facilities in the city have reported an occupancy rate of 80, even 90 percent.

“Tourism service providers in Phu Quoc have launched promotion programs to attract tourists.

“In 2023, Hon (Kiss) Bridge in An Thoi Ward will be introduced to attract more local and foreign guests to Phu Quoc,” Hung added.

Earlier, Kien Giang Province expected to welcome more than 400 domestic and international flights to Phu Quoc and Rach Gia cities and over 230 ferry and vessel services to islands off the province during eight-day Lunar New Year holiday, from the 29th day of the 12th month of the last lunar year to the sixth day of this lunar year.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20230126/intl-tourists-to-vietnams-phu-quoc-during-tet-surge/71124.html

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