More FDI Shifts to Vietnam’s Services Sector

10 | 08 | 2007

Vietnam has received greater foreign direct investment (FDI) flow into the service sector over the past two years. In the first seven months of this year, the industrial sector remained the top position in FDI attraction, accounting for 53.8 per cent of the total; however, the rate was lower than that of 57.9 per cent of last year.

While, the services sector made up 44.1 per cent of the country’s total FDI during the time, but up nearly 1 per cent compared to 43.2 per cent in the first half this year.

FDI into Vietnam is estimated to reach US$7.47 billion between January and July this year, up of 49.7 per cent on year, the Ministry of Planning and Investment (MPI) said.

Asian investors hold 77.4 per cent of the country’s total FDI during the phase.

Singapore is now the largest ASEAN investor in Vietnam with US$9.6 billion so far, including up to US$5.5 billion into the service sector

Vietnam Bussiness Forum

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