Foreign direct investment (FDI) capital in Vietnam flowed strongly into the manufacturing and real estate sectors in the first four months of 2024, according to data from the General Statistics Office.
Hanoi (VNA)- Foreign direct investment (FDI) capital in Vietnam flowed strongly into the manufacturing and real estate sectors in the first four months of 2024, according to data from the General Statistics Office.
Specifically, the disbursed capital of FDI in the country reached 6.28 billion dollars, which means a year-on-year increase of 7.4% and the highest quarterly value in the last five years.
The processing-manufacturing sector registered the highest amount with 4.93 billion dollars, which represents 78.5% of the total FDI disbursed in the country in the period.
This was followed by the real estate business with 607.6 million dollars and the production and distribution of electricity, gas, hot water, steam and air conditioning with 259.8 million dollars.
As of April 20, total FDI flows into Vietnam reached almost $9.27 billion, up 4.5% year-on-year.
According to analysts at Cushman & Wakefield, a global commercial real estate services company, investment capital in Asia is flowing strongly into industrial real estate, as investors bet on new assets and sectors of the economy.
Assessing the prospects of Vietnam’s industrial market, Trang Bui, managing director of Cushman & Wakefield in the country, commented: “Vietnam, a developing nation, is expected to become the center of the global production chain of many corporations in the future.”
The expert said that Vietnam has a lot of potential to develop the semiconductor industry, especially when it has a young workforce willing to innovate and train in related fields.
Nguyen Hoai An, head of the Hanoi branch of real estate consulting services company CBRE, recommended that to maintain its position as a destination for FDI inflows in the region, Vietnam should continue to focus on improving the connectivity of road infrastructure, electrical network and industrial parks, in addition to raising the quality of the workforce and perfecting incentive policies./.
