Japan invests big in Vietnamese real estateViet Nam’s real estate sector has witnessed significant participation from Japanese investors through cooperation with Vietnamese businesses recently, promising to bring benefits to the real estate market. In 2017, Japan has replaced the Republic of Korea as the largest foreign investor in Viet Nam in general, and in the real estate market in particular. — Photo tapchitaichinh.vnAccording to real estate company Savills Viet Nam, over the past years, Asian investors, including Japanese ones, were only involved in commercial real estate like commercial centres, serviced apartments or office buildings. Regarding potential cooperation between the two countries, Le Hoang Chau, president of the HCM City Real Estate Association (HoREA), said, in 2017, Japan replaced the Republic of Korea as the largest foreign investor in Viet Nam in general, and in the real estate market in particular. The potential for investment and business cooperation among real estate companies in Japan and Viet Nam is very large, with 1,200 real estate development projects of Vietnamese enterprises in need of cooperation, joint ventures or teaming up with domestic and foreign businesses, especially Japanese ones.