Total inflows of foreign direct investment (FDI) to developing Asia (excluding West Asia) amounted to 382 billion USD in 2013, an increase of 4 percent as compared to the previous year.

According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2014, Asia accounted for nearly 30 percent of global FDI inflows, making it the world’s top recipient of FDI, of which developing countries were attracting more FDI than developed economies.

Last year, top 10 recipients of FDI flows in developing Asia were China, Hong Kong, Singapore, India, Indonesia, Thailand, Malaysia, the Republic of Korea, Vietnam and Taiwan.

Southeast Asia registered slower growth, however, with inflows to the region rising just 7 percent to 125 billion USD in 2013, compared to the rapid growth in the regional grouping – from 47 billion USD in 2009 to 118 billion USD in 2012.

The report said Singapore was the largest FDI recipient in the region, with new mega-deals driving the figure to a record high of 64 billion USD.

Indonesia showed stable performance, while Thailand’s inflows grew to 13 billion USD although many projects were shelved due to political instability.-VNA