Vietnam’s foreign investment pledges drop 42% in May
- Asia First
- May 28, 2024
- 1 min read
Foreign investment pledges to Vietnam fell 42% to USD1.8bn in May, compared to April, signaling potentially reduced future inflows for this Southeast Asian industrial hub. While overall investment inflows rose in May, new commitments hit their lowest level of the year, except in February, data from the planning and investment ministry revealed. Year-to-date, Vietnam has attracted USD11.07bn in foreign investments, marking a 2% increase from the same period in 2023. From January 1 to May 20, the country received USD8.25bn in foreign investment inflows, which is 7.8% higher than last year’s corresponding period.
