Northern Vietnam attracts over 80% of new manufacturing FDI

Northern Vietnam has attracted over 80% of the country's newly registered manufacturing Foreign Direct Investment (FDI), with a significant shift toward high-value-added sectors such as electronics and semiconductors.

Electronics account for nearly 66% of new manufacturing FDI. The computer, electronics, and optical products sector has attracted over $7.03 billion since the beginning of the year, representing a 614% increase compared to the same period last year. This growth is driven by large-scale projects from multinational corporations expanding into precision engineering and advanced technology.

Thái Nguyên province leads in registered manufacturing FDI with approximately $5.77 billion from 17 projects, including a $4.08 billion investment from Samsung Semiconductor Asia Holdings and a $1.28 billion project from Samsung Electro-Mechanics Vietnam. Hải Phòng remains a major electronics hub with a $1 billion expansion project by LG Innotek Vietnam, while Bắc Ninh leads in the total number of new manufacturing projects with 111 registrations.

In the Red River Delta, which serves as a key economic engine, experts are addressing logistics challenges to support this industrial growth. Despite having international gateway seaports, the region faces fragmented logistics operations and high costs due to a lack of effective regional connectivity and underutilized inland waterway transport.