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Vietnam's 2016 FDI inflow hits record high of US$15.8b: govt

Wednesday, December 28, 2016 - 10:31

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Vietnam will receive an estimated US$15.8 billion in actual foreign direct investment (FDI) in 2016, up 9 per cent from a year ago, the government said on Wednesday.

[HANOI] Vietnam will receive an estimated US$15.8 billion in actual foreign direct investment (FDI) in 2016, up 9 per cent from a year ago, the government said on Wednesday.

New FDI pledges and additional funds to finance existing projects this year would rise 7 per cent from 2015 to a combined US$24.4 billion, the government said in an online report.

South Korean investors pledged the most funds in 2016, including US$1.5 billion for LG Display's OLED screens plant and by LG Innotek's US$550 million camera plant.

REUTERS

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