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

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Vietnam , foreign investment


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