Vietnam’s Jan-Aug FDI inflows surge to $7.9 bln

Thanh Nien News

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A woman works on an assembly line at the Singaporean-invested Singlun Star garment factory outside Hanoi. Photo credit: Reuters A woman works on an assembly line at the Singaporean-invested Singlun Star garment factory outside Hanoi. Photo credit: Reuters

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Vietnam received an estimated US$7.9 billion in foreign direct investment (FDI) between January and August, a 4.5 percent year-on-year increase, official figures showed.
However, new investment pledges during the first eight months dropped 19 percent year-on-year to $10.2 billion, according to Vietnam's Foreign Investment Department.
Around $7 billion of the country's registered FDI went into manufacturing and processing sectors, the department said.
The property sector ranked second in attracting FDI with new investment pledges of $1.1 billion, followed by the construction sector with $553 million.
South Korea continued to be the largest foreign investor during the January-August period and its investors have pledged to pour $2.4 billion into the Vietnamese economy.
The northern province of Bac Ninh attracted the highest amount of registered FDI with $1.2 billion, followed by Ho Chi Minh City with $993 million.

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