Though provincial real estate developers are less known than bigger firms in Hanoi, HCMC and Da Nang, they are rivals with powerful financial capability. It is a big investor in hydropower, chemicals, construction and real estate development. A big real estate developer in Nha Trang City, Phuc Son Group is actually based in the northern province of Vinh Phuc. The common characteristic of many provincial real estate groups is that they don’t invest in their home regions, but tend to look for new promising land and are not afraid to compete with local real estate big developers. RELATED NEWSMore people search for real estate onlineFDI flow into real estate: a cause for concern?

Source: VietNamNet News September 29, 2017 09:22 UTC