Foreign direct investment (FDI) into Vietnam dropped by 67% through November to $19.7 billion, the government says. Foreign investors pledged $14.6 billion to 776 new projects, a 75% drop from 2008. Vietnam hoped to attract $20 billion in FDI this year.
Hospitality remained the sector attracting the most investment, with $8.7 billion promised, followed by real estate with $5.9 billion pledged and $2.84 billion pledged in manufacturing. Ba Ria-Vung Tau Province was the most attractive destination for foreign investors with $6.73 billion pledged.
The United States topped the list of 45 countries whose investors made commitments in Vietnam with registered capital of $8.1 billion.
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