Vietnam received $17.62 billion in foreign direct investment (FDI) in the first eleven months of this year, up 6.8% from a year earlier, the Ministry of Planning and Investment said on Monday.
FDI has been a key driver of Vietnam’s economic growth.
Companies with FDI account for around 70% of the Southeast Asian country’s exports.
Related: Formation of FDI company in Vietnam
FDI pledges – which indicate the size of future FDI disbursements – rose 3.1% in January-November from a year earlier to $31.8 billion, data from the ministry shows.
Of the pledges, 68% would be invested in manufacturing and processing, while 10.4% would go to real estate, the ministry said.
South Korea was the top source of FDI pledges in the period, followed by Japan and Singapore.