JavaScript is off. Please enable to view full site.

Vietnam Jan-Sept FDI inflows drop 3.2% y/y to $13.76 bln: govt

Friday, September 25, 2020, 18:38 GMT+7

HANOI -- Vietnam received $13.76 billion in foreign direct investment (FDI) in the first nine months of the year, down 3.2% from a year earlier, the Ministry of Planning and Investment said on Friday.

FDI has been a key driver of Vietnam’s economic growth.

Companies with investment from foreign firms account for about 70% of the Southeast Asian country’s exports.

FDI pledges — which indicate the size of future FDI disbursements — dropped 18.9% from a year earlier to $21.2 billion, the ministry said in a statement.

Of the pledges, 46.6% were due to be invested in manufacturing and processing, while 20.6% targeted gas, water and electricity distribution, it said.

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



Read more




Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

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.

Latest news