Vietnam's Jan-July foreign investment inflows up 8.4% YoY at $12.55b

Vietnam's Jan-July foreign investment inflows up 8.4% YoY at $12.55b

Ha Long Bay, Vietnam / Unsplash

Vietnam received foreign investment inflows of $12.55 billion from the start of the year to July 20, up 8.4% from the corresponding period a year earlier, the planning and investment ministry said on Saturday.

Foreign investment pledges, which indicate the size of future inflows, rose 10.9% in the period to $18 billion, it said in a report.

Of those, 70% were due to be invested in manufacturing and processing, while 16% targeted real estate, it said.

Singapore was the top source of foreign investment pledges, followed by Hong Kong and Japan.

Reuters

This is your last free story for the month. Register to continue reading our content