Vietnam Jan-Feb FDI inflows up 9.8 pct to $2.58 bln

15:21 | 08/03/2019 Investment

Vietnam received $2.58 billion in foreign direct investment (FDI) in January-February, up 9.8 percent from the same period a year earlier. 

Vietnam's foreign investment inflows in January-February rise by 9.8 percent year-on-year - Photo by VnExpress

FDI pledges, which indicate the size of future FDI disbursements, were more than 2.5 times higher than the

same period last year, climbing to $8.47 billion, the Ministry of Planning and Investment said in a statement on

Tuesday.

Of the pledges, 81.8 percent are to be invested in manufacturing and processing, while 5.6 percent would go to

real estate, the ministry said.

Hong Kong was the top source of FDI pledges in the period, followed by Singapore and South Korea.

The Southeast Asian country reported a record high FDI inflows of $19.1 billion last year, up 9.1 percent.

Theo Vnexpress/Reuters