HANOI, Nov 26 (Reuters): Disbursement of foreign direct investment (FDI) in Vietnam in the first 11 months of the year rose 3.1 per cent from a year earlier to $16.5 billion, the Ministry of Planning and Investment said on Monday.
However, FDI pledges in the 11-month period dropped 6.8 per cent to $30.8 billion, the ministry said in a statement.
Disbursement refers to the actual amount of money spent, while FDI pledges indicate the size of future disbursements.
Of the FDI pledges in the Jan-Nov period, 46.2 per cent is to be invested in manufacturing and processing, while 21.3 per cent will be in real estate, the ministry said.
Japan was the top source of FDI pledges in the period, followed by South Korea.
Vietnam last year received a record $17.5 billion in FDI, a key source of growth for its export-driven economy.
However, FDI is likely to reach a fresh record of $18 billion this year, Prime Minister Nguyen Xuan Phuc said last week.
Vietnam's Jan-Nov FDI inflows rise 3.1pc to $16.5b
FE Team | Published: November 26, 2018 23:27:36
Vietnam's Jan-Nov FDI inflows rise 3.1pc to $16.5b
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