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Vietnam Jan-Feb FDI inflows up 9.8 pct to $2.58 bln

By Reuters   February 27, 2019 | 12:39 am PT
Vietnam Jan-Feb FDI inflows up 9.8 pct to $2.58 bln
Vietnam's foreign investment inflows in January-February rise by 9.8 percent year-on-year. Photo by VnExpres/Anh Tu
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.

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