JavaScript is off. Please enable to view full site.

Vietnam Jan-Aug FDI inflows up 6.3% y/y to $11.96 billion: ministry

Tuesday, August 27, 2019, 16:23 GMT+7
Vietnam Jan-Aug FDI inflows up 6.3% y/y to $11.96 billion: ministry
Laborers work at a garment assembly line of Thanh Cong textile, garment, investment and trading company in Ho Chi Minh City, Vietnam July 9, 2019. Photo: Reuters

Vietnam received $11.96 billion in foreign direct investment (FDI) in January-August, up 6.3% from the same period a year earlier, the Ministry of Planning and Investment said on Tuesday.

However, FDI pledges - which indicate the size of future FDI disbursements in the January-August period - fell 7.1% from a year earlier to $22.63 billion.

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 $117.95 billion, accounting for around 69.4% of Vietnam’s total exports, it added.

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

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news

Lenders warm to Vietnamese credits

In May, Fitch revised the outlook on Vietnam’s BB ratings to positive from stable following a one-notch upgrade from S&P to BB from BB– in April. Moody’s upgraded Vietnam to Ba3 from B1 in August 2018.