Business

Manufacturing and processing sector playing key role in FDI attraction

The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.
Manufacturing and processing sector playing key role in FDI attraction ảnh 1Processing pineapples at a plant in An Giang (Photo: VNA)

Hanoi (VNA) - The manufacturing and processing sector has takenthe lead in attracting foreign direct investment (FDI) since the beginning ofthis year, pulling in 6.1 billion USD, or over 43 percent of the total.

Of the 613 foreign-invested projects in 18 sectors licensed this year,electricity production and distribution ranked second in terms of FDIattraction with more than 5.4 billion USD, or over 38 percent of the total, followedby real estate with over 1 billion USD.

Head of the Ministry of Planning and Investment (MoPI)’s Foreign InvestmentAgency Do Nhat Hoang said FDI flows to key areas such as energy and manufacturingand processing are evidence of Vietnam’s stability and prestige in FDIattraction.

Minister of Planning and Investment Nguyen Chi Dung recently issued adecision removing 58 administrative procedures in investment, thus helping enterprisessave time and money.

The MoPI also announced 65 new administrative procedures in investmentfrom the central to provincial levels, creating favourable conditions forinvestors./.

VNA
#foreign direct investment#Vietnamplus#Vietnam News Agency#FDI#manufacturing and processing sector#Ministry of Planning and Investment#FDI#administrative procedures
Follow VietnamPlus

Related News

Cement exports soar by 50 percent

Cement exports soar by 50 percent

Exports of cement and clinker reached an impressive figure of about 19.26 million tonnes in the first five months of this year, increasing by 50 percent over the same period last year.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.