FDI pledged to Vietnam drops 36.8% in January

Foreign businesses pledged to directly invest US$899.4 million in Vietnam over the first month of 2018, the General Statistics Office (GSO) has reported.

The manufacturing sector was the largest recipient of foreign direct investment in January.
The manufacturing sector was the largest recipient of foreign direct investment in January.

The figure covers the period from January 1 to 20 and shows a 36.8% decrease compared to the same period in 2017.

Meanwhile, disbursements rose by 10.5% to more than US$1 billion.

According to the national statistics agency, the manufacturing sector was the largest recipient of foreign direct investment (FDI), accounting for US$330.6 million, or 74.7% of total pledges.

Ho Chi Minh City led the nation in attracting FDI, receiving US$86.2 million, followed by Nam Dinh and Ninh Thuan province with US$80 million and US$60 million respectively.

Singapore was the largest foreign investor in January, pledging US$147.7 million. The Republic of Korea and Norway were the second and third largest with commitments of US$70.4 million and US$70 million respectively.