Foreign direct investment into real estate and macroeconomic instability in Vietnam
by Quoc Hoi Le
Afro-Asian J. of Finance and Accounting (AAJFA), Vol. 6, No. 3, 2016

Abstract: In recent years, foreign direct investment (FDI) into real estate in Vietnam has been constantly increasing and is becoming the most attractive business area for foreign investors. Beside positive impacts such as augmenting capital resources and improving socio-economic infrastructure, this paper shows that FDI into real estate in Vietnam contributes to the derivation of macroeconomic instabilities such as raising inflation, causing instability in the exchange rate, payment balance, and the banking system. That reality requires the government to implement solutions relating to strengthening the control of FDI inflows into real estate, monitoring real estate credit risks as well as directing FDI inflow into relevant business areas, both to use the capital effectively and to avoid causing macroeconomic instability.

Online publication date: Mon, 26-Sep-2016

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