FILE PHOTO: The sun rises over Hanoi’s skyline, Vietnam September 29, 2015. REUTERS/Kham
HANOI : Vietnam received $4.42 billion in foreign direct investment (FDI) in the first quarter, up 7.8per cent from a year earlier, the Ministry of Planning and Investment said on Monday.
FDI has been a key driver of Vietnam’s economic growth. Companies with FDI account for around 70per cent of the Southeast Asian country’s exports.
FDI pledges – which indicate the size of future FDI disbursements – fell 12per cent in the January-March period from a year earlier to $8.9 billion, the ministry said in a statement.
Of the pledges, 59.5per cent are to be invested in manufacturing and processing, while 30.3per cent would go to real estate, it said.
Source: Reuters