In November, the manufacturing and processing industry in Vietnam registered 106 new projects with US$3.13 billion in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This represents a 32.50 percent increase compared to October, which recorded 80 new projects and US$1.43 billion in newly registered capital.
Year-to-date (YTD), the sector has attracted a total of 1,030 new projects and US$20.2 billion in newly registered capital, demonstrating strong and consistent growth in the industry.
The manufacturing and processing sector continues to be a key driver of Vietnam’s economic development. The sector is bolstered by a skilled workforce, competitive labour costs, and Vietnam’s strategic location in Southeast Asia, making it an attractive hub for foreign investment.
Prominent foreign firms in this sector include Samsung Electronics, LG Electronics, and Foxconn, all of which have large-scale operations in Vietnam, contributing to the country’s industrial output and technological growth.
Vietnam remains a key destination for foreign investment in manufacturing.
See also: Manufacturing in Vietnam