Vietnam Jan-Nov FDI edges up 1 pct to $10.05 bln

The inflow of foreign direct investment (FDI) into Vietnam in the first 11 months rose 1 percent from the same period last year to $10.05 billion, the Ministry of Planning and Investment said on Friday.

Foreign investment pledges in the January-November period slipped 16 percent from a year ago to $12.7 billion, the ministry's Foreign Investment Agency said in a report.

The government has said it expects FDI inflows to reach $11 billion to $11.5 billion this year, about the same as in 2010 or slightly higher, while pledges were expected to rise 16 percent to $20 billion.

FDI, overseas remittances and aid money are key sources of foreign exchange for Vietnam, helping to offset its trade deficit, which is estimated to reach $10 billion this year.

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