Keangnam Hanoi Landmark Tower.—Photo dantri

DA NANG (Biz Hub) — A seminar on Viet Nam's property market, titled ‘Why Viet Nam now?', was held in Seoul, South Korea, to build on growing interest from Korean developers in Viet Nam's anticipated recovery.

Viet Nam's economy is showing strong signs of recovery, with Foreign Direct Investment up around 65 per cent year-on-year, a steady currency, lower inflation and interest rates, and a very strong remittance rate from Vietnamese citizens living overseas, according to Savills Vietnam.

Addressing at the seminar some 110 Korean finance experts, real-estate investors, banking sector representatives, and consultants and developers who are interested in Viet Nam, the managing director of Savills Vietnam, Neil MacGregor, provided an overview of the Indochina real-estate market, including an in-depth look at current market trends and areas of opportunity for Korean investors.

Neil said, 'Korean developers have been active investors in Viet Nam for many years, and we are now seeing renewed interest in the country. This is driven by the fact that Viet Nam is now at the bottom of the real-estate market cycle, and developers want to position themselves for the market's recovery. We are also seeing strong interest from investors looking to purchase high-quality operating assets such as office buildings, serviced apartments and hotels.'

As scheduled, Korean investors will visit projects in Ha Noi and HCM City by the end of this month to explore investment opportunities in Viet Nam. – VNS