Manufacturing, processing industry lures FDI
Vietnam’s manufacturing and processing industry attracted 12,075 foreign-invested projects with a total registered capital of 180.68 billion USD as of late June, according to the Ministry of Planning and Investment (MPI)’s Overseas Investment Agency.
Latest
| TIN LIÊN QUAN | |
 | MTA Vietnam 2017 boosts Vietnam’s manufacturing and industrial production capabilities |
| Vietnam manufacturing PMI rebounds |
Economists attributed the figures to Vietnam’s abundant workforce and several incentives for investors.
 |
| Vietnam's industrial index increased sharply in first half of 2017. (Photo: tanbinhip) |
At the Vietnam Business Forum recently held in Ha Noi, Deputy Prime Minister Vuong Dinh Hue reiterated the Vietnamese government’s policy of considering the foreign-invested sector an extremely important part of the Vietnamese economy.
Head of the MPI’s Central Institute of Economic Management Nguyen Dinh Cung said foreign direct investment (FDI) flowing into manufacturing and processing industry is a positive sign, helping Vietnamese firms access advanced technology.
Vietnam is in the period of golden population with over 6.3 million people of working age, giving the sector an edge to attract FDI.
 | FDI firms make almost 100% of exported cellphones, components Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which, or 34.2 billion USD, made by FDI ... |
 | Experts: Vietnam yet to take full advantage of FDI Vietnam has not taken full advantage of foreign direct investment (FDI) while its private enterprises have failed to connect with the global production chain, heard ... |
 | Vietnam’s steel industry expected to grow 12-15 percent The steel industry is predicted to grow by 12-15 percent in the next five years, heard a workshop titled “Steel sector dialogue: Prospects 2017-2020” in ... |
(Source: VNA)
