Vietnam FDI Q1 inflows up 7.8per cent y/y at $4.42 billion - investment ministry

HANOI : Vietnam received $4.42 billion in foreign direct investment in the first quarter, up 7.8per cent from a year earlier, the Ministry of Planning and Investment said on Monday.

FDI has been a key driver of Vietnam's economic growth. Companies with FDI account for around 70per cent of the Southeast Asian country's exports. FDI pledges - which indicate the size of future FDI disbursements - fell 12per cent in the January-March period from a year earlier to $8.9 billion, the ministry said in a statement.

Of the pledges, 59.5per cent are to be invested in manufacturing and processing, while 30.3per cent would go to real estate, it said.

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