Manufacturing accounts for more than half of FDI inflow

The manufacturing sector attracts 56% of total foreign direct investment (FDI) in Vietnam as of November 2014, according to the Foreign Investment Agency (FIA).

Illustration photo (Photo: Thai Thien)

The FIA says there are currently more than 9,400 active manufacturing projects in Vietnam with registered capital totalling US$138.5 billion.

Among 80 countries and territories investing in the manufacturing sector, Japan is the largest investor, accounting for more than one fifth of total capital with US$30.58 billion in 1,282 projects.

Manufacturing projects are mainly concentrated in the southern region, including Dong Nai, Binh Duong, Ho Chi Minh City and Ba Ria-Vung Tau.

Dong Nai province is currently home to more than 1,100 projects with total capital of US$17.2 billion, accounting for 12.4% of total investment in manufacturing.

According to the FIA, 80% of FDI in the manufacturing sector comes in the form of entirely foreign owned companies while 19% goes to joint ventures between Vietnamese and foreign firms.

(Source: nhandan.org.vn)