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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Now Taliban preserve Buddhas, with eye to China investmentThe ancient Buddha statues sit in serene meditation in the caves carved into the russet cliffs of rural Afghanistan. Afghanistan’s Taliban rulers are pinning their hopes on Beijing to turn that rich vein into revenue to salvage the cash-starved country amid crippling international sanctions. Two decades ago when the Islamic hard-line Taliban were first in power, they sparked world outrage by blowing up gigantic buddha statues in another part of the country, calling them remnants of paganism that must be purged.
Source: YahooSG - 🏆 3. / 71 Read more »