The World Bank has revised its forecast for Vietnam’s economic growth for 2016 to 6.2% from previous estimate of 6.5%, mainly due to unfavorable climate and weaker global demand. However, Vietnam is still expected to have the brightest growth prospects among Southeast Asian economies and one of the most attractive environment for foreign investors. As of May 2016, total inward FDI into Vietnam reached US$10.16 billion (both newly registered and adjusted), up 136% y-o-y; implemented FDI was estimated to have reached US$5.8 billion, up 17.2% y-o-y. The manufacturing and processing industry attracted the largest share, at 65% of total registered capital. Real estate ranked third with 5.4%. Korea was the leading investor with newly registered FDI accounting for 38% of total new investment.