The group also cooperated with Phat Dat Real Estate Development JSC to resume the River City project with 4,000 apartments in Ho Chi Minh City.
He said that based on the development of the market, the group wants to inject more capital into real estate in Vietnam.
However, he also pointed out some barriers hindering foreign investors in Vietnam, namely unclear administrative procedures.
Although foreign funds have abundant financial resources and management experience, they are left behind domestic enterprises in terms of understanding the business environment and legal policies, he said.
Cooperation between domestic and foreign enterprises will enhance the competitive capacity of both, he said.
He also voiced concerns about the transparency of cash flow in or out of Vietnam relating to foreign investment.
