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FDI in Vietnam boosts in manufacturing and processing industry

Thu, 18 Dec 2014. Last updated Thu, 25 Jun 2015 08:57

According to the Foreign Investment Agency and Ministry of Planning and Investment, until November 2014, FDI in Vietnam increases 9,407 valid projects with the total registered capital of 138.5 billion dollars processing and manufacturing industry.

In 11 months of 2014, the total amount of newly registered capital and the increasing capital of processing and manufacturing industry in Vietnam reached 13.15 billion dollars, which accounted for 76% of the whole country. In which, the average capital of a processing and manufacturing industry's project is 14.7 billion USD, which is higher than the average size the country's FDI project.

 

Italian Business Forum on a theme Destiantion Vietnam

 

The interest of Foreign investors in Vietnam market increasingly being confirmed when many countries and territories are investing in the market, especially 81/101 countries are investing in field of processing and manufacturing industry. Especially, the shift of "the world's factory" from China to the South East Asia countries which has low labor cost creating great opportunities to develop Vietnam processing and manufacturing industry. Among investors in Vietnam, Japan is the leading country which has the highest FDI in Vietnam manufacturing and processing industry with 1,282 projects and the total registered capital of 30.58 billion USD accounting for 22.1% of the whole country. Japan is respectively followed by Korea, Taiwan, Singapore, British Virgin Island, and other countries.

FDI projects in fields of manufacturing and processing industry are invested in 61/63 provinces of Vietnam, in which, FDI is concentrated in the southern key economic zone, especially in Dong Nai, Binh Duong, Ho Chi Minh City, and Ba Ria – Vung Tau. This region is home of large industrial parks in the country. Dong Nai province is a leading region in terms of manufacturing and processing industry with 1,108 valid projects and the total registered capital of 17.2 billion USD. With the form of investment, 80% FDI in Vietnam in manufacturing and processing industry is in the form of 100% foreign investment capital. Joint venture ranks the second with 19% the total capital while the remaining 1% in form of joint stock companies and cooperation contracts.

 

Samsung Vietnam Electronics

 

The statistics also shows that only in November 2014, there are 1.427 new projects licensed. These projects reach 13.4 billion USD, in which, processing and manufacturing industry attracted 13.15 billion USD of the total registered capital and the increasing capital. Processing and manufacturing industry is followed by real estate (1.27 billion USD), construction (1.02 billion USD), and other sectors. It can be clearly seen that majority of licensed projects in 11 months of 2014 is in fields of processing and manufacturing industry. 

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