$6.8 billion FDI pours into Vietnam in first 7 months

Thanh Nien News

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Workers at Japanese-owned Nidec Corporation in Ho Chi Minh City. Photo credit: Tuoi Tre Workers at Japanese-owned Nidec Corporation in Ho Chi Minh City. Photo credit: Tuoi Tre

South Korea became Vietnam's largest foreign direct investor in the first seven months of this year, pledging a total of US$3.13 billion.

FDI disbursement during January-July period reached $6.8 billion, up 2.3 percent from a year ago, the Foreign Investment Department said in a report posted on its website on Friday.

Also in the first seven months, the country licensed 889 new projects with a total investment of $6.85 billion, down 0.9 percent compared with the same period last year.

The northern province of Bac Ninh received the highest amount of FDI, while the southern metro of Ho Chi Minh City received the second-largest amount.

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