Recent news reports show that Vietnam is a magnet for investment capitalists as the country is now involved in a number of notable property projects. According to real estate specialists, most of the FDI or foreign direct investment is currently channeled toward accommodations such as apartments and housing. Previously, the FDI was flowing into golf courses, hospitality, and retail-type real estate.
An Introduction to the Country of Vietnam
Located on the South China Sea, Vietnam is known for its lively cities such as Hanoi (which is the country’s capital) and Ho Chi Minh City (formerly Saigon). The country shares a border with Laos and Cambodia to the west and China to the north.
As of 2013, just over 92,000,000 people were reported to be living in Vietnam. The capital city of Hanoi has a projected population of about 6.5 million residents, making it the second-largest city in the country. Hanoi is only surpassed in size by Ho Chi Minh City, whose population was recorded at 7.5 million in 2010.
A Fertile Landscape
Well-recognized for its rivers, where the surrounding lands are considered to be very fertile, Vietnam makes good use of the fields for rice production. The Red River in the north and Mekong River in the south reach out toward the sea across large swampy delta plains. However, most investors who are accessing a Vietnam property portal often look at the property opportunities in Vietnam’s cities, especially in the capital and in Ho Chi Minh City.
Indeed, the currency of Vietnam, which is the dong, is being invested in real estate that is considered to be not only affordable but investor-friendly as well. Real estate opportunities abound because of the character of the cities, which still place an emphasis on harmony (hòa) and humanity (nhân nghia). Because of this type of belief system, the Vietnamese often regard family and community with great esteem.
While Vietnam’s fields offer the Vietnamese growers great revenues from rice profits, the country is also a large producer of black pepper and cashew nuts. In fact, the country is the largest exporter of these products worldwide. Vietnam is also the second largest exporter of rice, following only Thailand in the rankings.
Not only that, nutritionists consider Vietnamese food to be the healthiest in the world, given its mix of fresh ingredients such as herbs, seafood, vegetables and fruits. Locals also savor healthy accompaniments such as soy sauce, shrimp paste, fish sauce, and rice.
While football or soccer is the most popular sport in the country, martial arts, table tennis, badminton, volleyball, and tennis hold a strong interest for the country’s residents as well. Real estate investors also find that golf is a sport that continues to grow in interest among locals and visitors alike. As a result, many golf courses and resorts are featured in property listings.
In addition to the above forms of recreation, Halong Bay holds appeal for anyone who calls Vietnam home or who is visiting. The bay, which is a UNESCO World Heritage Site, features 1,600 limestone isles that span over an area of 1,500 sq. km. The natural wonder is only 170 km from Hanoi, which makes transport by bus, car, or even helicopter easy.
Whatever you do or wherever you go in Vietnam, you simply won’t regret the purchase of real estate, whether you use it for residential or commercial reasons or for investment purposes.