Foreign investment pledges to Vietnam drop 42% in May


- Image from Vietnam News.

HANOI: Foreign investment pledges to Vietnam dropped 42% to US$1.8bil in May from a month earlier, official data released on Monday (May 27) showed, indicating possibly lower future inflows for the investment-reliant South-East Asian industrial hub.

Investment inflows, which result from past decisions, increased month-on-month in May but new commitments were at their lowest level this year except for February, according to data from the planning and investment ministry as of May 20.

So far this year, foreign investors have pledged US$11.07bil to Vietnam, 2% more than in the first five months of 2023.

Vietnam received foreign investment inflows of US$8.25bil from Jan 1 to May 20, up 7.8% from the corresponding period a year earlier. - Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Vietnam , foreign investment

   

Next In Aseanplus News

Asean news headlines as at 10pm on Wednesday (June 12)
When will Singapore polls be called? Still a lot of work to be done domestically, externally, says PM Wong
No entry for 'aunties': S. Korean gym under fire for creating ‘No ajumma zone’
Vietnam ramps up tax supervision on livestreaming sales
Power changes hands in India's Odisha and Andhra Pradesh states
Cambodia's economy expected to grow by 6% this year: finance minister
China slams EU tariffs on electric cars, threatens countermeasures
Late singer Simon Mohan's son upset at not being able to celebrate Father's Day
Hell or high water: Filipino schools lashed by climate extremes
Man jailed for avoiding payment to six dental clinics under guise of toilet break

Others Also Read