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Vietnam records influx of real estate investment from Japan

17:53 | 04/04/2019

Vietnam is welcoming a strong wave of investment in the property market from Japanese businesses, TMS Homes General Director Nguyen Xuan Huong said on April 4.

vietnam records influx of real estate investment from japan

Buildings under construction in central Da Nang city (Photo: VNA)

She made the remark during an interview with the Vietnam News Agency ahead of investment promotion conferences to be held by TMS Group – the parent company of TMS Homes – in Tokyo, Osaka and Fukuoka next week. These events aim to seek partners for the group’s property projects in Vietnam.

Huong said TMS Group chose Japan as the first venue for such events because the country is one of the most important economic partners of Vietnam.

Japan is the second biggest investor in the Southeast Asian nation with nearly 4,000 projects worth 55.4 billion USD. It ranks third among foreign tourist sources of Vietnam with 800,000 visitors in 2017 and fourth among trade partners with bilateral trade reaching 33.5 billion USD the same year.

As Vietnam is attracting an influx of investment in real estate from Japan, TMS Group wishes to make use of this opportunity to seek partners to develop its property projects, she said, adding that the firm also has more than 15 years’ experiences in working with Japanese partners in manpower supply – a favourable foundation for them to boost partnership in the property sector.

Aside from real estate, TMS Group will also expand cooperation with Japanese businesses in education-training and healthcare, Huong noted.

TMS Group, founded in 2004, operates in property, human resources supply, education-training, trading services, healthcare and hi-tech agriculture, with property its core business.

Source: VNA