World

Vietnam sees foreign investment inflows down 4.9 pct in first 2 months

HANOI
2023-02-28 14:38

Already collect



HANOI, Feb. 28 (Xinhua) -- Vietnam received 2.55 billion U.S. dollars in actual inflows of foreign direct investment (FDI) in the first two months of this year, down 4.9 percent from a year earlier, the General Statistics Office said on Tuesday.

Total registered FDI as of Feb. 20, including new pledges, additional investment funds to existing projects and share acquisition, slumped 38 percent to a combined 3.1 billion U.S. dollars year on year, the data showed.

Singapore remained the top source of new FDI pledges to the country in the period with 769.3 million U.S. dollars, followed by China with 254.3 million U.S. dollars.

Foreign direct investment has been a key driver of Vietnam's economic growth.

Companies with investments from foreign firms accounted for about 74.4 percent of the country's total exports in 2022, according to government data.

Foreign direct investment disbursements in the Southeast Asian country rose 13.5 percent to 22.4 billion U.S. dollars last year from a year earlier, while investment pledges was down 11 percent to 27.72 billion U.S. dollars, said the Ministry of Planning and Investment in a statement posted on its website.

Vietnam's economy grew at the fastest pace since 2011 to 8.02 percent in 2022. Vietnam is targeting GDP growth of 6.5 percent and inflation at 4.5 percent for this year.
Add comments

Latest comments

Latest News
News Most Viewed