EU investors pump more than $21.56 billion in Viet Nam

As of March, investors from the European Union had injected more than US$21.56 billion into 1,959 projects in Viet Nam, 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 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 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 obsorbed $2.5 billion, or 12 per cent.

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 per cent of EU investment in the country. The UK and Gemany followed with $3.7 billion, or 17.6 per cent, and $2.7 billion, or 13 per cent, respectively.

Source VNS