Type to search

Vietnam Reports Rise in First-Quarter Foreign Inflows

Pledges of FDI — which indicate the size of future disbursements — fell 11.7% to $10.8 billion in the January to April period, the ministry said


Women at work in a garment export factory
Women work at Hung Viet garment export factory in Vietnam's Hung Yen province. The FDI figures showed 57.2% of pledges were for manufacturing and processing, while 26.1% would go to real estate. Photo: Reuters

 

Foreign direct investment (FDI) into Vietnam rose 7.6% from a year earlier to $5.92 billion in the first four months of the year, according to Ministry of Planning and Investment data.

Pledges of FDI — which indicate the size of future disbursements — fell 11.7% to $10.8 billion in the January to April period, the ministry added.

The figures showed 57.2% of pledges were for manufacturing and processing, while 26.1% would go to real estate, it said.

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

 

  • Reuters, with additional editing by George Russell

 

READ MORE:

Vietnam Arrests CEO in Market Manipulation Probe

Vietnam to Keep Public Debt at or Below 60% of GDP

Vietnam’s VinFast Reaches Deal on $2bn EV Factory in US

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

logo

AF China Bond