Vietnam’s 2016 FDI inflow hits record high of $15.8 billion-govt

29-Dec-2016 Intellasia | Reuters | 6:00 AM Print This Post

Vietnam will receive an estimated $15.8 billion in actual foreign direct investment (FDI) in 2016, up 9 percent from a year ago, the government said on Wednesday.

New FDI pledges and additional funds to finance existing projects this year would rise 7 percent from 2015 to a combined $24.4 billion, the government said in an online report.

South Korean investors pledged the most funds in 2016, including $1.5 billion for LG Display’s OLED screens plant and by LG Innotek’s $550 million camera plant. (Reporting by Ho Binh Minh; Editing by Simon Cameron-Moore)

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Category: Economy, Vietnam

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