Processing-manufacturing accounts for over 64% of new FDI

Source: VNA

15:09 | 07/11/2024 Import-Export Follow english.haiquanonline.com.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)*

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 p, 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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