Vietnam Jan–May FDI Inflows Rises to $7.15 Billion, Singapore Tops Pledges

Vietnam
FILE PHOTO: A man works at a construction site of an apartment in Hanoi, Vietnam June 28, 2016. REUTERS/Kham

HANOI ⸺ Vietnam received $7.15 billion in foreign direct investment (FDI) in the first five months of 2021, up 6.7% from a year earlier, the Ministry of Planning and Investment said on Thursday. FDI pledges — which indicate the size of future FDI disbursements — rose 0.8% in the Jan-May period from a year earlier to around $14 billion, the ministry said in a statement.

Of the pledges, 43.9% are due to be invested in manufacturing and processing, while 38.8% would go to gas, water and electricity distribution, it said.

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

Reporting by Phuong Nguyen; Editing by Shri Navaratnam; Reuters

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