Business

Processing-manufacturing takes lead in FDI attraction

The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent, announced the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.
Processing-manufacturing takes lead in FDI attraction ảnh 1The processing and manufacturing sector took the lead in attracting foreign investment in the first three months to March 20, absorbing over 5 billion USD, or 49.6 percent (Illustrative photo: VNA)
Hanoi (VNA) – The processing andmanufacturing sector took the lead in attracting foreign investment in thefirst three months to March 20, absorbing over 5 billion USD, or 49.6 percent,announced the Foreign Investment Agency (FIA) at the Ministry of Planning andInvestment.

Power production and distribution camesecond with 3.9 billion USD (38.9 percent), followed by real estate with 600million USD, and science-technology nearly 167 million USD.

Statistics of the FIA showed that foreigninvestors pumped 10.13 billion USD in 17 sectors in the three-month period, ayear-on-year increase of 18.5 percent.

Investment licences were granted to 234 newprojects with total registered capital of 7.2 billion USD, rising 30.6 percentagainst the same period last year.

Meanwhile, 161 existing projects added 2.1billion USD to their investment capital, a surge of 97.4 percent compared tothe same time last year.

On the contrary, capital contributions andshares purchases by foreign investors were down 58.8 percent to stand at 805.3million USD./.
VNA
#processing and manufacturing sector #foreign investment #Foreign Investment Agency #Investment licences #vietnamplus #vienam news agency
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