Strong attraction of foreign capital by the processing and manufacturing sector

DNHN - In the past nine months, the processing and manufacturing sector has attracted the most foreign investment capital, totaling more than 14 billion US dollars and accounting for nearly 69.3% of all registered investment capital.

According to the Department of Foreign Investment, foreign investors have entered 18 of Vietnam's 21 national economic sectors. The following statistics illustrate the diversity and expansion of foreign investment in Vietnam.

Consequently, the processing and manufacturing sector is the industry with the most investment capital, totaling more than 14 billion US dollars and accounting for nearly 69.3 percent of all registered investment capital. Notable here is the robust growth rate of this industry, which increased by 15.5% over the same period.

The real estate industry ranked second with nearly 1.94 billion USD in total investment capital, accounting for more than 9.6% of total registered investment capital. Nevertheless, the industry has experienced a significant decline with a decline rate of 45% during the same time frame.

Banking and finance, wholesale, and retail: Ranked third and fourth, respectively, with total registered capital of nearly $1.54 billion and nearly $734 million. During the same period, the banking and finance industry has increased nearly 63.8 times.

In terms of the geographic distribution of foreign investment projects, 54 provinces and cities received FDI capital in the first nine months of 2023.

Specifically, Hanoi is in first place with a total registered investment capital of nearly 2.53 billion US dollars, representing nearly 12.5% of total registered investment capital and increasing 2.46 times over the same period in 2022.

Hai Phong ranked second with nearly $2.21 billion in registered investment capital, representing 10.9% of the country's total investment capital and an increase of 82.4% over the same period. The following locations are Ho Chi Minh City, Bac Giang, Binh Duong, and many others.

New investment projects continue to target provinces and cities that have many advantages to attract foreign investment, such as a strong infrastructure, stable human resources, and a business-friendly climate. Justice, or Karma.

Asian investors, such as those from Singapore, China, Japan, Korea, Hong Kong (China), and Taiwan (China), continue to account for a significant proportion of investment partners. In the first nine months of 2023, these six partners accounted for 78.8% of the country's total investment capital.

P.V (t/h)