HANOI, June 26 Vietnam received an estimated
$5.75 billion in foreign direct investment (FDI) during the
first six months of 2014, up 0.9 percent from a year ago, a
government agency said.
But new investment pledges during the first half fell 6.8
percent from a year ago to $4.86 billion, the Planning and
Investment Ministry-run Foreign Investment Department said in a
report posted on its website late on Wednesday.
Competing with new frontier markets such as Myanmar and
Cambodia, Vietnam received $11.5 billion in FDI in 2013, close
to the $11.7 billion poured into Malaysia, one of the top five
host countries in East and Southeast Asia, according to the
United Nations Conference on Trade and Development.
FDI is an important source of foreign exchange for Vietnam
to fund its trade deficit, estimated at $200 million this month.
(Reporting by Ho Binh Minh; Editing by Eric Meijer)