Vietnam: Industrial parks lure more FDI, Vingroup slashes stake in subsidiary

Vietnam: Industrial parks lure more FDI, Vingroup slashes stake in subsidiary

A property developed by Vingroup's subsidiary Vinhomes. Visual from Vinhomes website.

As foreign direct investment (FDI) into Vietnam continues to increase bolstered by the engagement of international trade pacts, investment is expected to  increase in industrial parks, especially in Ho Chi Minh City, the biggest and busiest city in the country. Among private businesses, property firm Vingroup has announced its plan to reduce shareholding in real estate arm Vinhomes from full ownership to only 20 per cent.

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