By Nguyen Quy January 26, 2021 | 10:00 am GMT+7 VNExpress
Apartment buildings in District 2, Ho Chi Minh City. Photo by VnExpress/Quynh Tran.Ho Chi Minh City is the fifth most preferred destination in the Asia-Pacific for cross-border investment thanks to its diversification of supply chains, CBRE said.
In its Asia Pacific Investor Intentions report,the American property consultancy saidVietnam’s southern metropolis ranked after only Tokyo, Singapore, Seoul, and Shanghai in a poll of more than 490 Asia Pacific-based investors that asked a range of questions regarding their buying appetite and preferred strategies, sectors and markets for 2021.
“Singapore, Seoul and Ho Chi Minh City are set to attract more interest this year.”
With the diversification of supply chains encouraging more manufacturing investment, industrial and logistics assets are keenly sought after, it said.
Desmond Sim, head of CBRE’S research team in Southeast Asia, said: “Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields.”
HCMC has seen a surge in interest in the last five years thanks to Vietnam’s robust economic growth, and foreign investors, mainly from Japan, South Korea and Singapore, becoming interested in its property market.
It attracted nearly $4.4 billion worth of FDI last year, or 15 percent of the country’s total.Related News:
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I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống).
In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success".
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
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