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Vietnam FDI inflows up 6.3%
HANOI: Vietnam received US$11.96bil in foreign direct investment (FDI) in January-August, up 6.3% from the same period a year earlier, the Planning and Investment Ministry said.
However, FDI pledges – which indicate the size of future FDI disbursements in the January-August period – fell 7.1% from a year earlier to US$22.63bil.
Of the pledges, 69.6% are to be invested in manufacturing and processing, while 10.2% would go to real estate, the ministry said. Exports by foreign-invested companies in the first eight months are estimated to have risen 4.6% from a year earlier to US$117.95bil, accounting for around 69.4% of Vietnam’s total exports, it added. — Reuters
Hong Kong continued to be the top source of FDI pledges in the period, followed by South Korea and Singapore.
The Southeast Asian country reported a record high FDI inflows of $19.1 billion last year, up 9.1%. Reuters
Source: https://www.thestar.com.my/business/business-news/2019/08/28/vietnam-fdi-inflows-up-63#qvvC40H7gbGP0fRE.99