Tuesday, January 05, 2021 16:09
People with face masks on to avoid COVID-19 infection in Manila, the Philippines, on March 20, 2021 (Photo: Xinhua/VNA)
Hanoi (VNA) – Foreign
direct investment (FDI) poured into the
Philippines in January grew 41.5
percent year on year to 961 million USD, according to the country’s central
bank
BSP said the
FDI increase reflects
investors optimism at the start of the year driven by the gradual reopening of
the economy under the “new normal” condition, the easing of lockdown measures,
and positive news about the rollout of COVID-19 vaccines.
Due to the COVID-19 pandemic’s impact, the Philippine economy
contracted 9.5 percent in 2020.
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