FDI inflow to Vietnam plunges in two months

Bến Tre City in the southern province of Bến Tre which attracted the largest amount of FDI in the first two months of this year. — Photo nguyenkimtravel.com

HANOI (Vietnam News/ANN): The inflow of foreign direct investment (FDI) to Vietnam saw a strong decline of 24 per cent year-on-year to nearly US$6.47 billion in the first two months of this year, according to the Foreign Investment Agency.

The two month’s FDI capital equalled only 53.4 per cent of the same period last year, excluding the Singapore-financed US$4 billion Bạc Liêu liquefied natural gas (LNG)-fired thermal power plant, which received an investment licence in January, the agency said in a monthly report released on Tuesday.