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.
Processing pineapples at a plant in An Giang (Photo: VNA) Hanoi (VNA) - 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.
Of the 613 foreign-invested projects in 18 sectors licensed this year,
electricity production and distribution ranked second in terms of FDI
attraction with more than 5.4 billion USD, or over 38 percent of the total, followed
by real estate with over 1 billion USD.
Head of the Ministry of Planning and Investment (MoPI)’s Foreign Investment
Agency Do Nhat Hoang said FDI flows to key areas such as energy and manufacturing
and processing are evidence of Vietnam’s stability and prestige in FDI
attraction.
Minister of Planning and Investment Nguyen Chi Dung recently issued a
decision removing 58 administrative procedures in investment, thus helping enterprises
save time and money.
The MoPI also announced 65 new administrative procedures in investment
from the central to provincial levels, creating favourable conditions for
investors./.