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Vietnam's coffee exports in January are estimated to have dropped 17.6 percent from a year earlier to 120,000 metric tons, while rice exports likely fell 29.5 percent, government data released on Friday showed.

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VIETNAM SEES FOREIGN INVESTMENT RISE TO $4.1 BILLION IN FIRST QUARTER

2021-04-07 16:51:23

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VIETNAM SEES FOREIGN INVESTMENT RISE TO $4.1 BILLION

IN FIRST QUARTER

 

Vietnam sees foreign investment rise to $4.1 billion in first quarter

 

Women work at Hung Viet garment export factory in Hung Yen province, Vietnam 

 

FDI has been a key driver of Vietnam’s economic growth.

 

Companies with investment from foreign firms account for about 70% of the southeast Asian country’s exports.

 

FDI pledges — which indicate the size of future FDI disbursements — rose 18.5% from a year earlier to $10.13 billion in the January-March period, the government said in a statement.

 

Of the pledges, 49.6% would go to manufacturing and processing, while 38.9% are to be invested in electricity distribution, it added.

 

Singapore was the top source of FDI pledges in the period, followed by Japan and South Korea.