Vietnam's Ho Chi Minh City expands foreign ownership quotas to attract more FDI


Photo: VietnamPlus-Vietnam News/ANN

HO CHI MINH CITY (Bernama-VNA): The policy of expanding foreign ownership quotas for eligible projects to sell to foreigners is seen as an important step to help the market attract international capital, while positioning Ho Chi Minh (HCM) City as an integrated real estate hub in South-East Asia.

The city recently announced an additional 48 projects eligible for sale to foreign individuals and organisations, bringing the total to 65. The move is regarded as significant in attracting international capital and creating additional demand in the market.

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