Vietnam’s manufacturing and processing industry continued to dominate foreign direct investment inflows in October, with 80 new projects generating an additional US$1.43 billion in registered capital, according to Ministry of Planning and Investment data. Year-to-date, the sector has added 924 projects with a cumulative capital investment of approximately US$17.07 billion. This significant portion highlights the sector’s role as the backbone of Vietnam’s FDI landscape, accounting for 64.2 percent of the nation’s total FDI.
Moreover, the steady influx of foreign capital into manufacturing reflects Vietnam’s appeal as a regional industrial hub, offering a cost-effective environment for companies looking to establish or expand operations within Southeast Asia. This trend can be attributed to a number of factors including Vietnam’s competitive workforce, strategic location, and favourable government policies tailored to support foreign manufacturing operations.