Viet Nam’s FDI inflows plunge 4.5% in seven months
As of July 20, Viet Nam lured US$16.24 billion in foreign direct investment (FDI), up 4.5 per cent year-on-year, according to the Foreign Investment Agency (FIA).
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While the global trade tide has not staged a meaningful rebound yet, Viet Nam started the second half of this year with some stabilization in its external sector.
Manufacturing has always been a key engine of Vietnam’s economic growth, but the sector struggled in the early months of the year due to the global economic downturn and high inflation.
The number of new firms established in the January-July period was up 0.2% from the same period last year, but their total registered capital reduced by 17.1% to 834 trillion VND.
As of July 20, Viet Nam lured US$16.24 billion in foreign direct investment (FDI), up 4.5 per cent year-on-year, according to the Foreign Investment Agency (FIA).
Vietnam recorded a trade surplus of about 15.23 billion USD in the first seven months of this year, an increase of 1.34% over the same period last year.
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