CHINA-VIETNAM: CHINESE INVESTMENTS IN VIETNAM INCREASE
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During the first seven months of this year, pledges of foreign direct investment(FDI) in Vietnam from China jumped 134% to $2.48 billion, moving China up to the third-biggest FDI source from fifth in 2018, data from the Foreign Investment Agency of Vietnam showed. The FDI total reflects only investment commitments. Actual disbursements were just about half of the pledged totals. China hasn’t released official FDI data for Vietnam so far this year, but analysts said they have seen increasing cases of Chinese manufacturers moving to Vietnam. In 2018, China’s non financial new direct investment in Vietnam jumped more than 60% to $1.23 billion, according to China’s Ministry of Commerce.
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