Vietnam's H1 FDI inflow up 5.9 pct year on year: ministry

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Vietnam's inflow of foreign direct investment in the first half of this year accelerated 5.9 percent from the same period last year to $5.4 billion, the Ministry of Planning and Investment said on Thursday.

New FDI pledges and increased capital in existing projects in the first six months fell 19.1 percent from the same period last year to a combined $8.43 billion, the ministry said in a report. It gave no disbursement value for June alone.

FDI disbursement, a key source to help Vietnam offset its trade deficit, rose 7 percent in the first five months of this year from a year ago to $4.5 billion.

The inflow is expected to rise 10 percent this year from 2009 to between $10 billion and $11 billion while pledges may reach $22-25 billion, the Ministry of Planning and Investment has said.

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