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FDI in Vietnam increased in 2016 to $14.3 billion

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Staff Writer | November 24, 2016
A total of $14.3 billion of foreign direct investment (FDI) is expected to be disbursed in Vietnam in the first 11 months of 2016.
Vietnam worker
Asia   A rise of 8.3 percent
This is a rise of 8.3 percent from the same period last year, said Vietnam's Ministry of Planning and Investment (MPI).

During January-November period, the country is likely to garner fresh FDI pledges of $13.03 billion, down 3.9 percent year-on-year.

Meanwhile, additional funds injected in existing projects in the same period are forecast to drop 23.9 percent year-on-year to hit $5.07 billion, said the MPI in its monthly report.

The total FDI disbursement in Vietnam in 2016 is projected to reach between $14.8 billion and $15 billion, up from a record high of $14.5 billion received in 2015.

So far this year, South Korea remained the biggest investor in Vietnam, said the report.