Wednesday, August 24, 2016
Vietnam's FDI Jan-Aug rises 9% y-o-y
Actual foreign direct investment (FDI) inflows into Vietnam reached an estimated $9.8 billion in the first eight months of this year, up 8.9 percent from a year ago, the Planning and Investment Ministry said.
New FDI pledges in the January-August period rose 7.7 percent from a year ago to $14.4 billion, with most of the funds going to manufacturing, processing and real estate projects, the ministry said in a report posted on its website on Tuesday.
Vietnam is forecast to receive FDI of up to $15 billion this year, after getting a record high $14.5 billion in 2015, buoyed by strong economic growth and the finalisation of several free-trade accords.
Good news for Vietnam's already booming economy.