Investment Conference Keen on Real Estate

To encourage foreign investors and overseas Vietnamese to raise investment in Vietnam, the International Investment and Urban Development Joint Stock Company (IDJ) organised a Vietnam Investment Conference 2006, dubbed “Ridding on Vietnam's high growth,” on October 10 in Hanoi.

 

Addressing the conference, Mr. Cao Viet Sinh, Deputy Minister of Planning and Investment, said: Vietnam created favourable conditions for all economic sectors to equally approach development resources like land, capital sources, science and technologies. He also said the Government is now speeding up the equitisation of State-owned enterprises and accepting the equitisation of more SOEs, including key corporations to encourage investors of all economic sectors.

 

At the conference, the real estate field attracted the most attention from investors. In the past, this market was frozen because the Vietnamese people are unable to wholly invest in property projects. Meanwhile, foreign companies are strong at financial capacities and technologies but lack the understanding of the Vietnamese market, culture, consumption habits and language. Therefore, the joint venture between Vietnamese firms and foreign partners is a feasible mode.

 

A total of 100 projects calling for foreign investment were introduced at this conference, including colossal real estate projects like Dam Vac Golf & Country Club (in Vinh Phuc Province), Dinh Vu Industrial Zone (in Hai Phong City), and Gami Hoian Resort & Spa - Hidden Charm of Hoi An (in Quang Nam Province).