June 18, 2007 | 00:04 (GMT+7)
UK investor eyes Vietnamese property market
A High economic growth rate, a strong drive in foreign investment, a young workforce, the Government’s reform policies, large-scaled urban infrastructure projects and the issuance of a Property Law all have created a favourable environment for foreign investors in Vietnam...
A High economic growth rate, a strong drive in foreign investment, a young workforce, the Government’s reform policies, large-scaled urban infrastructure projects and the issuance of a Property Law all have created a favourable environment for foreign investors in Vietnam, according to a representative of JSM Indochina, a British property investment fund.
JSM Indochina with consultancy from a global finance group, Lehman Brothers, has planned over the last few years an investment of US $400 million to US $600 million into emerging markets such as Vietnam and Cambodia.
The representative also said that Vietnam is stepping into a period of rapid modernisation with high-profile privatisation programmes. In particular Vietnam’s accession to WTO last January increased it’s attractiveness to foreign investors. Increased investment in Vietnam’s property market has shown a prospect for investors who want to direct their operations in global markets.
JSM Indochina, under JSM Capital Indochina, will set its priority in investment in Ho Chi Minh City and Hanoi and nearby markets like Cambodia. In the short term, the group will focus on property trading, commercial centre and apartment building development and management.
Source: HNM
Translated by Hoang Anh