[HANOI] Foreign investors have ploughed an estimated US$8.9 billion in Vietnam-based projects during the first nine months of this year, up 3.2 per cent from a year ago, a government agency said on Thursday.
But new investment pledges in the January-September period is down 17.8 percent from a year ago to an estimated US$7.64 billion, the Planning and Investment Ministry-run Foreign Investment Department said in a report on its website. Competing with new frontier markets such as Myanmar and Cambodia, Vietnam received US$11.5 billion in FDI in 2013, near the US$11.7 billion poured into Malaysia, one of the top five host countries in East and Southeast Asia, according to the United Nations Conference on Trade and Development.
FDI inflows to Vietnam could reach US$11.5 billion to US$12 billion for the whole of 2014, below the country's requirement for funding infrastructure projects, based on a government projection
Reuters
