Foreign investment jumps 6.5% in Jan. 2017

19:53 | 04/02/2017 Import-Export Follow english.haiquanonline.com.vn on

Foreign direct investment flows into Vietnam jumped 6.5% in January 2017, helping to lessen pressure on the nation’s balance of payments and exchange rate, the Foreign Investment Agency has reported.

The Agency estimated that investors disbursed US$850 million in the first month of the new year compared with inflow of US$798 million for the same month in 2016.

Vietnam receives many foreign investment commitments, but only a fraction of them are translated into actual funding, so the Agency said it was happy to report that actual foreign investment in Vietnam is on the rise.

For the month of January, the Agency received commitments of US$1.4 billion from foreign investors for proposed investment in future business ventures, principally in manufacturing, much of which is speculative in nature.

Source: VOV

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