Tuesday, November 19, 2019

Vietnam draws $21 billion EU investments

Apr 12. 2017
Facebook Twitter

By Viet Nam News
Asia News Network
Hanoi

1,877 Viewed

As of March, investors from the European Union had injected more than US$21.56 billion (Bt745 billion) into 1,959 projects in Vietnam, accounting for 7.2 per cent of total foreign direct investment and 8.5 per cent of projects registered in the country.

The latest report from Vietnam’s Foreign Investment Agency (FIA) reveals that EU investors are interested in 19 Vietnamese sectors, with processing and manufacturing, electricity 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 per cent of the total EU investment pledged in the country. Electricity production and distribution attracted $3.2 billion, or 15 per cent, while property absorbed $2.5 billion, or 12 per cent.

EU investors have funded projects in 54 provinces and cities in the period, focusing on Ho Chi Minh City, Hanoi, Ba Ria-Vung Tau, Quang Ninh and Dong Nai, according to the data. The Netherlands topped the list with $7.2 billion, totalling 26 per cent of EU investment in the country. The UK and Germany followed with $3.7 billion, or 17.6 per cent, and $2.7 billion, or 13 per cent, respectively.

Tags:
Facebook Twitter
More in Business
Editor’s Picks
Top News