Statistics of the ministry showed that property was the second most attractive sector to foreign investors in Vietnam in 2014. Some big projects included the $2.5 billion tourism complex of the US-based Rose Rock in coastal central Phu Yen province's Vung Ro Bay and the $2 billion hotel and office complex in Thu Thiem New Urban Area in southern HCM City.
Hong Kong investors currently have 869 valid projects in Vietnam with combined registered capital of $15.46 billion, ranking sixth among 101 countries and territories investing in Vietnam.
A project of Hong Kong in Vietnam costs $17.8 million on average while the average investment of a foreign project in Vietnam is $14.3 million.
So far, Hong Kong has invested in 17 out of 21 sectors in Vietnam. Of which, processing and manufacturing made up the largest investments of Hong Kong investors with 409 projects having a combined capital of $7.06 billion while the property sector has 45 projects worth $2.5 billion, according to the ministry.
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