EU investors pump more than $21.56 billion in Vietnam
As of March, investors from the European Union had injected more than US$21.56 billion into 1,959 projects in Vietnam, accounting for 7.2 percent of total foreign direct investment and 8.5 percent of projects registered in the country.
The latest report from the Foreign Investment Agency (FIA) reveals that EU investors are interested in 19 Vietnamese sectors, with processing and manufacturing, eclectricity production and distribution, and real estate being the most attractive industries.
During the review period, the processing and manufacturing sector lured $8 billion, making up 35 percent of the total EU investment pledged in the country. Electricity production and distribution attracted $3.2 billion, or 15 percent, while property obsorbed $2.5 billion, or 12 percent.
EU investors have funded projects in 54 provinces and cities in the period, focusing on HCM City, Ha Noi, Ba Ria-Vung Tau, Quang Ninh and Dong Nai, according to the data. The Netherlands topped the list with $7.2 billion, totalling 26 percent of EU investment in the country. The UK and Gemany followed with $3.7 billion, or 17.6 percent, and $2.7 billion, or 13 percent, respectively.