Vietnam's FDI plunges 38.8 pct in Q1

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Vietnam's FDI plunges 38.8 pct in Q1

STORY: Vietnam's FDI plunges 38.8 pct in Q1 DATELINE: March 30, 2023 LENGTH: 00:01:32 LOCATION: Hanoi CATEGORY: ECONOMY SHOTLIST: 1. various of Ho Chi Minh City 2. various of foreign-invested factories in Vietnam STORYLINE: Vietnam attracted 5.45 billion U.S. dollars worth of foreign direct investment (FDI) as of March 20 this year, down 38.8 percent year on year, the General Statistics Office said on Wednesday. Vietnam received 4.32 billion U.S. dollars in actual inflows of FDI in the period, down 2.2 percent year on year, the data showed. Singapore remained the top source of new FDI pledges into the country with 1.35 billion U.S. dollars. FDI pledges, which indicate the size of future FDI disbursements, reached 3.02 billion U.S. dollars, down 5.9 percent from a year earlier, the statistics office said in a statement. Of the pledges, 77.6 percent would go to manufacturing and processing, while 12 percent would be invested in real estate development, it added. FDI has been a key driver of Vietnam's ec

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