Business

Processing-manufacturing takes lead in FDI attraction

The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.
Processing-manufacturing takes lead in FDI attraction ảnh 1The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent (Illustrative photo: VNA)
Hanoi (VNA) – The processing andmanufacturing sector took the lead in attracting foreign investment in thefirst three months to March 20, absorbing over 5 billion USD, or 49.6 percent,announced the Foreign Investment Agency (FIA) at the Ministry of Planning andInvestment.

Power production and distribution camesecond with 3.9 billion USD (38.9 percent), followed by real estate with 600million USD, and science-technology nearly 167 million USD.

Statistics of the FIA showed that foreigninvestors pumped 10.13 billion USD in 17 sectors in the three-month period, ayear-on-year increase of 18.5 percent.

Investment licences were granted to 234 newprojects with total registered capital of 7.2 billion USD, rising 30.6 percentagainst the same period last year.

Meanwhile, 161 existing projects added 2.1billion USD to their investment capital, a surge of 97.4 percent compared tothe same time last year.

On the contrary, capital contributions andshares purchases by foreign investors were down 58.8 percent to stand at 805.3million USD./.
VNA
#processing and manufacturing sector#foreign investment#Foreign Investment Agency#Investment licences#vietnamplus#vienam news agency
Follow VietnamPlus

Related News

Foreign investment into Vietnam up 18.5 percent in first three months

Foreign investment into Vietnam up 18.5 percent in first three months

As much as 10.13 billion USD worth of foreign direct investment (FDI) was injected into Vietnam in the first three months of the year to March 20, a year-on-year increase of 18.5 percent, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Long An becomes top FDI destination in Q1

Long An becomes top FDI destination in Q1

The Mekong Delta province of Long An tops all localities in terms of foreign direct investment (FDI) attraction in the first quarter thanks to a 3.1 billion USD project to build gas-fuelled power plants Long An I and II.

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.