Southeast Asia | Vietnam's first half actual FDI rises 15% yr/yr to $7.25 billion - government

Vietnam’s first half actual FDI rises 15% yr/yr to $7.25 billion – government

June 23, 2016 10:28 AM (UTC+8)

 

HANOI (Reuters) – Foreign investors have ploughed into Vietnam an estimated $7.25 billion in actual investment in the first half of this year, up 15.1 percent from a year ago, the Planning and Investment Ministry said on Thursday.

New foreign direct investment (FDI) pledges in the January-June period surged 105.4 percent from a year ago to $11.3 billion, with most of the funds going to manufacturing, processing and real estate projects, the ministry said.

Vietnam recorded record FDI of $14.5 billion last year, buoyed by strong economic growth and the finalisation of several free-trade accords.

(Reporting by Mai Nguyen; Editing by Martin Petty)

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