Foreign investment falls by half

Foreign direct investment in Vietnam in the first four months topped US$4.02 billion, down by almost half compared to the same period last year, the Foreign Investment Agency said.

Investment in new projects was worth $3.205, 55 percent down from last year. Actual disbursement was, however, 0.6 percent higher at $3.62 billion.

Manufacturing attracted the highest investment of $2.45 billion.

Singapore was the biggest investor followed by Korea. Hong Kong, Malaysia, and Japan followed.

Japan, despite the disaster in March, invested $174 million in April to take the four-month total to $305 million.

  tuoitrenews

Posted in: Business,Vietnam