As banks are becoming increasingly stingy to lend out money, Vietnamese developers are searching for joint venture opportunities to tap into new fund supplies, reported CB Richard Ellis.
According to the CBRE Asia Pacific Investment ViewPoint report, the developers are seeking partnerships with foreign investors, and this has already been evident this year, reported Thanh Nien Daily.
“Investors will begin to look beyond the traditional, developed investment markets for investment opportunities in Asia,” said Marc Townsend, managing director CBRE Vietnam.
“As the established investors in Vietnam are still doing deals, investors from outside the region will continue to cast an eye over the opportunities,” he said.
Vietnam has a number of attractive features including a population density almost twice that of China, but it still remains largely untouched by foreign investors, said Adam Bury, senior manager of CBRE research and consulting.
“If the age old problems of access, pricing, and transparency continue to be slowly overcome, we are confident that opportunities for international investors will arise that tempt capital away from some of Vietnam’s more developed neighbours,” Bury said.
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