World Economy

Vietnam FDI Rises 40.5%

Vietnam FDI Rises 40.5%Vietnam FDI Rises 40.5%

Foreign investors have poured $10.95 billion into new and operational foreign direct investment projects and into buying stakes in local companies in Vietnam in the first four months of 2017, up 40.5% from the same period last year, according to the Foreign Investment Agency, VNA reported. Of the amount, about $4.88 billion was drawn into 734 new FDI projects during the period, down 4% year on year, while $4.36 billion landed in 345 existing ones, a jump of 241.8%, the FIA said. Foreign investors spent $1.35 billion to purchase stakes in local firms, up 106.8%.

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