South Korea becomes largest FDI investor in Vietnam in five monthsThe Republic of Korea was the largest among 91 countries and territories investing in Vietnam in the first five months of 2017, with total foreign direct investment (FDI) of 4.41 billion USD, 36.4 percent of total FDI in the period. According to the Foreign Investment Agency under the Ministry of Planning and Investment, the RoK was followed by Japan with 1.94 billion USD and Singapore with 1.23 billion USD. In the first five months of 2017, FDI disbursement reached 6.15 billion USD, an increase of 6 percent from last year. The sector’s exports excluding crude oil were 56.15 billion USD, rising 19 percent over the same time last year. The southern province of Binh Duong came second with 1.64 billion USD, followed by Ho Chi Minh City with 1.39 billion USD.

Source: VietNamNet News May 26, 2017 07:30 UTC