Vietnam Jan-Feb FDI inflows fall sharply

Thanh Nien News

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Foreign direct investment projects worth US$1.54 billion were licensed in the first two months of this year, down 62.5 percent year-on-year.
They included 122 new ones with a total  investment of more than $830 million as of February 20, Thoi bao Kinh te Saigon (Saigon Times) Online quoted the General Statistics Office as saying.
The remaining $708.8 million was invested in existing projects.
The processing and manufacturing sectors accounted for 76.5 percent of the FDI, followed by property, which accounted for 18.1 percent.
South Korea was the largest investor, followed by Singapore, Japan, and Taiwan.
In contrast, FDI actually brought in during the period saw a year-on-year rise of 6.7 percent, as foreign investors pumped in $1.12 billion.
The sector’s exports in the two months topped $13.9 billion, an increase of 11.8 percent compared to the same period last year.
Import were up 17.1 percent at $11.7 billion.

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