HANOI: Foreign direct investment in Vietnam is expected to be between $11 billion and $11.5 billion next year, unchanged to slightly higher than in 2010, a government report said on Friday, Dec 31.
New pledges would rise to $20 billion in 2011 from $17.23 billion this year, the Planning and Investment Ministry said in the report posted on its website (www.mpi.gov.vn)
Foreign direct investment, along with overseas remittances and official development assistance, has been an important source of foreign exchange to help offset the country's trade deficit, which narrowed to $12.37 billion this year.
Remittances were estimated to rise 26 percent from last year to more than $8 billion, the central bank has said. - Reuters
New pledges would rise to $20 billion in 2011 from $17.23 billion this year, the Planning and Investment Ministry said in the report posted on its website (www.mpi.gov.vn)
Foreign direct investment, along with overseas remittances and official development assistance, has been an important source of foreign exchange to help offset the country's trade deficit, which narrowed to $12.37 billion this year.
Remittances were estimated to rise 26 percent from last year to more than $8 billion, the central bank has said. - Reuters
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