HANOI, July 11 (Xinhua) -- Vietnam's foreign direct investment (FDI) inflow in 2024 is expected to hit 40 billion U.S. dollars in the whole year, contributing to boosting the country's growth, Vietnam News Agency reported Thursday, citing experts.
Deputy Minister of Planning and Investment Tran Quoc Phuong said for the rest of the year, Vietnam would still be an FDI magnet.
He cited a ministry's survey showing that foreign investors are still confident in the Vietnamese market and interested in continuing to invest in Vietnam.
FDI can reach 39-40 billion dollars this year, higher than the 2023 figure, he said.
Vu Tu Anh, director of the Center for Economic Information, Analysis and Forecasting under the Central Economic Commission, said the FDI and cash flow from China and Western countries would create a huge boost and bring abundant opportunities for the Vietnamese economy from now and in the next 10 years.
Vietnam attracted nearly 15.19 billion dollars in FDI as of June 20, up 13.1 percent over the same period last year, according to the General Statistics Office.
The country's FDI disbursem*nt in H1 hit about 10.84 billion dollars, a rise of 8.2 percent year on year and a record for the first half of a year in the past five years. ■
