Vietnam Jan-Feb FDI inflows up 9.8 pct to $2.58 bln
In this article (5)
Vietnam received $2.58 billion in foreign direct investment (FDI) in January-February, up 9.8 percent from the same period a year earlier. FDI pledges, which indicate the size of future FDI disbursements, were more than 2.5 times higher than the same period last year, climbing to $8.47 billion, the Ministry of Planning and Investment said in a statement on Tuesday.
Of the pledges, 81.8 percent are to be invested in manufacturing and processing, while 5.6 percent would go to real estate, the ministry said.
Hong Kong was the top source of FDI pledges in the period, followed by Singapore and South Korea.
The Southeast Asian country reported a record high FDI inflows of $19.1 billion last year, up 9.1 percent.
Questions & Answers
Q.What was the total value of foreign direct investment pledges in Vietnam during January-February?
What was the total value of foreign direct investment pledges in Vietnam during January-February?
FDI pledges in January-February totalled $8.47 billion. This figure was more than 2.5 times higher than the pledges made during the same period in the previous year, indicating significant future investment.
Q.Which countries were the primary sources of foreign direct investment pledges in Vietnam?
Which countries were the primary sources of foreign direct investment pledges in Vietnam?
Hong Kong was identified as the top source of FDI pledges during the January-February period. Following Hong Kong, Singapore and South Korea were also prominent sources of these investment commitments.
Q.How do the January-February FDI inflows compare to the full year total from last year?
How do the January-February FDI inflows compare to the full year total from last year?
The January-February FDI inflows were $2.58 billion. This is a small fraction of the record high $19.1 billion in FDI inflows that Vietnam received during the entirety of last year.
Reader pulse
Does Vietnam's FDI growth make it a top retail expansion target?
19,389 votes so far