JavaScript is off. Please enable to view full site.

Vietnam Jan-Nov FDI inflows rise 6.8% y/y to $17.62 bln: govt

Tuesday, November 26, 2019, 15:49 GMT+7
Vietnam Jan-Nov FDI inflows rise 6.8% y/y to $17.62 bln: govt
A woman works at a foreign-invested company in Vietnam. Photo: Ngoc Hien / Tuoi Tre

Vietnam received $17.62 billion in foreign direct investment (FDI) in the first eleven months of this year, up 6.8% 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 70% of the Southeast Asian country's exports.

FDI pledges - which indicate the size of future FDI disbursements - rose 3.1% in January-November from a year earlier to $31.8 billion, data from the ministry shows.

Of the pledges, 68% would be invested in manufacturing and processing, while 10.4% would go to real estate, the ministry said.

South Korea was the top source of FDI pledges in the period, followed by Japan and Singapore.



Read more




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

Thank you, ladies!

It’s that fabulous, romantic, giddy little thing called Vietnamese Woman’s Day again!