Manufacturing and processing sector tops FDI attraction
VOV.VN - The manufacturing and processing sector has taken the top spot in drawing foreign direct investment (FDI) since the beginning of this year, with US$6.1 billion, accounting for 43% of the total.
Of the 613 foreign-invested projects in 18 sectors licensed this year, electricity production and distribution came second in terms of FDI attraction with more than US$5.4 billion, making up 38% of the total, trailed by real estate with more than US$1 billion.
Head of the Ministry of Planning and Investment (MoPI)’s Foreign Investment Agency Do Nhat Hoang said greater FDI flows into key areas such as energy and manufacturing and processing indicate the nation’s stability and prestige in FDI attraction.
Minister of Planning and Investment Nguyen Chi Dung recently issued a decision removing 58 administrative procedures in investment as a mean of helping enterprises save time and money moving forward.
Besides, The MoPI also announced 65 new administrative procedures regarding investment from the central to provincial levels, thereby offering optimal conditions for investors.