Processing-manufacturing accounts for over 64% of new FDI

The processing and manufacturing sector took the lead in attracting foreign direct investment (FDI), accounting for 64% of the 27 billion USD recorded as of October 31.

According to the General Statistics Office, The total FDI represented a year-on-year increase of 1.9%. The processing and manufacturing sector, which lured 9.79 billion USD, was followed by real estate with 3.24 billion USD, making up 21.3% of the total.

Among the 76 countries and territories investing in Vietnam over the past 10 months, Singapore topped with 4.98 billion USD, followed by the Republic of Korea and China.

Meanwhile, the Ministry of Planning and Investment said on November 3 that Vietnam attracted over 19.5 billion USD in FDI in the 10-month span, up 8.8% year-on-year.

Processing-manufacturing led the way with 15.8 billion USD or 80%, followed by real estate, and the production and distribution of electricity, gas, hot water, steam, and air conditioning./.