(Reuters photo)HANOI: Vietnam received US$7.3 billion in foreign direct investments (FDI) in the first five months of this year, up 7.8% from a year earlier, the Ministry of Planning and Investment said on Friday. Companies with FDI account for more than 70% of the Southeast Asian country's exports. FDI pledges — indicating the size of future FDI disbursements — rose 69.1% in January-May from a year earlier to $16.74 billion, the ministry said. Of the pledges, 71.8% would be invested in manufacturing and processing, and 8.2% for real estate, the ministry said. Hong Kong was the top source of FDI pledges in the period, followed by South Korea and Singapore, it added.

Source: Bangkok Post May 24, 2019 09:59 UTC