Open AccessThe practice of FDI capital attraction in the real estate sector in Ho Chi Minh City since the accession into WTO – Predictions and recommendations
Author(s) -
Tung T. Le
Publication year - 2016
Publication title -
khoa học công nghệ
Language(s) - English
Resource type - Journals
ISSN - 1859-0128
DOI - 10.32508/stdj.v19i4.776
Subject(s) - real estate , foreign direct investment , capital (architecture) , investment (military) , accession , ordinary least squares , real estate investment trust , business , economics , international economics , finance , political science , geography , econometrics , macroeconomics , european union , politics , archaeology , law
Based on the theoretical framework of commitments in the field of real estate that Vietnam made to WTO, the author aims to provide investors with an understanding about the practice of FDI capital attraction in the real estate sector in Ho Chi Minh City (HCMC) since the accession into WTO. Multiple methods are used, including estimating the proportions of projects, investment capital and average capital per project so as to assess the trend in FDI capital attraction in the real estate sector in HCMC from Jan 2007 to May 2016. Besides, the author also applies three statistical methods, namely linear regression, ordinary least square and parabolic and compared them using the smallest standard deviation, thereby forecasting the FDI investment in the real estate sector in HCMC between 2016 and 2020. Results show that the total FDI capital in real estate in HCMC in 2018 and 2020 will be from 1.7 to 2.8 times compared with 2020 respectively. Based on the results, the author offers suggestions to the relevant authorities and enterprises to grasp the market and investment opportunities.