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 Foreign investors hold 30pct of property projects in Da Nang

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Number of posts : 111
Registration date : 2011-03-03

PostSubject: Foreign investors hold 30pct of property projects in Da Nang   Tue Aug 23, 2011 2:19 pm

In a seminar on Da Nang real estate market- the situation, potential and opportunity held recently in Hanoi, Phung Tan Viet, vice chairman of Da Nang People’s Committee, said the city has 56 real estate projects with a total investment of over $3.5 billion, in which 30% are foreign-invested projects.
Till the end of June 2011, the city had 46 tourism real estate and resort projects including 20 foreign-invested projects and 26 domestic-owned projects with a total investment capital of over 72.5 trillion dong and $27 million.
According to Viet, six projects have been put into operations and 25 others are still under construction. So far, the city has not revoked any projects yet.
Viet also added, the city has pointed out some special sectors including trade, tourism, finance, telecommunications and education. The city has raised averagely investment capital of over $1 billion from different sources.
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