Foreign investment on downward trend

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Foreign direct investment into Vietnam continued to decline in July with only US$508 million registered for 95 new projects, according to a new report by the Foreign Investment Agency.

That compares with $800 million last month and around $1.5 billion in May, the report said.

Vietnam attracted a total $9.13 billion of foreign investment pledges in the first seven months, down 31.8 percent from the same period last year.

FDI disbursement reached $6.4 billion in the January-July period, the agency said.

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