Processing-manufacturing accounts for over 64% of new FDI

11:16 | 07/11/2024 Economy Follow Ven.vn on

The processing and manufacturing sector took the lead in attracting foreign direct investment (FDI), accounting for 64.2% of the 27.26 billion USD recorded as of October 31, according to the General Statistics Office.

The processing and manufacturing sector takes the lead in attracting foreign direct investment (FDI), accounting for 64.2% of the 27.26 billion USD recorded as of October 31. (Photo: VNA)

Hanoi – The processing and manufacturing sector took the lead in attracting foreign direct investment (FDI), accounting for 64.2% of the 27.26 billion USD recorded as of October 31, according to the General Statistics Office.

The total FDI, including new capital, adjustments, and capital contributions via share purchases, represented a year-on-year increase of 1.9%, the agency reported.

The processing and manufacturing sector, which lured 9.79 billion USD, was followed by real estate with 3.24 billion USD, making up 21.3% of the total, and others with 2.2 billion USD or 14.5%.

Among the 76 countries and territories investing in Vietnam over the past 10 months, Singapore topped with 4.98 billion USD, followed by the Republic of Korea (RoK), 2.08 billion USD; China, 2.07 billion USD; and Hong Kong (China), 1.69 billion USD.

Meanwhile, the Foreign Investment Agency under the Ministry of Planning and Investment said on November 3 that Vietnam attracted 19.58 billion USD in FDI in the 10-month span, up 8.8% year-on-year. Processing-manufacturing led the way with 15.8 billion USD or 80.7%, followed by real estate with 1.56 billion USD or 8%, and the production and distribution of electricity, gas, hot water, steam, and air conditioning with 801.7 million USD or 4.1%.

During the reviewed period, Vietnam’s total outbound investment, both new and adjusted, reached 473.1 million USD, marking an 11.5% year-on-year increase. The money was channeled into 30 countries and territories, including Indonesia, India, Laos, the Netherlands, and the US./.

Source: VNA

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Processing-manufacturing accounts for over 64% of new FDI

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