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Received foreign direct investment in Vietnam keeps rising in 2016

Xinhua, November 23, 2016 Adjust font size:

A total of 14.3 billion U.S. dollars of foreign direct investment (FDI) is expected to be disbursed in Vietnam in the first 11 months of 2016, a rise of 8.3 percent from the same period last year, said Vietnam's Ministry of Planning and Investment (MPI) on Wednesday.

During January-November period, the country is likely to garner fresh FDI pledges of 13.03 billion U.S. dollars, down 3.9 percent year-on-year.

Meanwhile, additional funds injected in existing projects in the same period are forecast to drop 23.9 percent year-on-year to hit 5.07 billion U.S. dollars, said the MPI in its monthly report.

The total FDI disbursement in Vietnam in 2016 is projected to reach between 14.8 billion U.S. dollars and 15 billion U.S. dollars, up from a record high of 14.5 billion U.S. dollars received in 2015.

So far this year, South Korea remained the biggest investor in Vietnam, said the report. Endit