Vietnam Jan-April FDI inflow up 36 pct year on year

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Foreign direct investment inflow into Vietnam in the first four months of this year jumped 36 percent from a year earlier to US$3.6 billion, local newspapers said on Wednesday.

However, new pledges and increased capital in existing projects during the January-April period fell 25.7 percent from a year earlier to a combined $5.9 billion, the Vietnam Economic Times newspaper said on its website (www.vneconomy.vn), citing government data.

Foreign investors disbursed $1.1 billion in April alone, down from $1.4 billion in March, the Planning and Investment Ministry-run Dau Tu (Investment) newspaper reported, quoting the ministry data.

Foreign investment inflows and overseas remittances are key foreign exchange sources helping Vietnam offset its trade deficit, which the government estimated on Tuesday to have widened to $4.65 billion by the end of April.

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