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Vietnam Forecasts Record Foreign Investment of $16 Billion

  • Government sees disbursed FDI exceeding last year’s level
  • Nation predicts pledged FDI to rise up to $28 billion
Updated on

Vietnam forecasts disbursed foreign direct investment to rise to a record this year as the government steps up efforts to attract factories to the Southeast Asian nation.

Disbursed FDI will exceed $16 billion this year, Deputy Minister of Planning and Investment Dang Huy Dong said in an interview in Hanoi on Thursday. Pledged foreign investment will increase up to $28 billion, he said. That compared with last year’s $24.4 billion of pledged foreign investment and a record high of disbursed FDI at $15.8 billion.