As many as 62 foreign investment projects were registered in the processing and manufacturing industry with a total of 1.178 billion USD in the first two months of this year, making up 76.5 percent of the country’s foreign direct investment in the period.

With the increases in both quantity and the size of investment, this sector has become more attractive in the eyes of foreign investors.

According to a report by the Foreign Investment Department under the Ministry of Investment and Planning, from January 1 to February 20, 122 new projects were registered across the country, with a combined investment of 830. 87 million USD, equal to 80.7 percent of the figure in the same period of 2013.

During the period, the disbursement by direct foreign investment projects was estimated at 1.12 billion USD, up 6.7 percent from the same period last year, the report said.

To draw more investment into this sector, authorities should boost the investment promotion activities and improve the investment environment, experts said, adding that the training of high-quality human resources and the establishment of nearby material areas are also needed-VNA