HANOI - Vietnam received $2.5 billion in foreign direct investments (FDI) in January-February, up 5% from the same period a year earlier, the Ministry of Planning and Investment said on Wednesday. FDI has been a key driver of Vietnam's economic growth. Companies with FDI account for around 70% of the Southeast Asian country's exports. FDI pledges - which indicate the size of future FDI disbursements - reached $5.46 billion, down 15.6% against a year earlier, the ministry said in a statement. Of the pledges, 55.7% would go to manufacturing and processing while 26.5% are to be invested in electricity distribution, it added. Japan was the top source of FDI pledges in the period, followed by Singapore and South Korea. REUTERS
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