Now, 23 EU nations have invested in Vietnam with the number of existing projects at 1688 and total investment capital at $21 billion. The average investment is $12.6 million per project.
The biggest investors include the Netherlands, the UK, France, Luxembourg and Germany, who account for 82 per cent of the total FDI, according to the agency.
The EU's investment is mainly concentrated in large cities such as Ha Noi and HCM City as well as provinces and cities with oil and gas resources or large industrial zones including Binh Duong, Dong Nai, Ba Ria-Vung Tau, and Da Nang, in addition to Hai Phong, Khanh Hoa and Hai Duong. Large amounts of FDI were invested in Ha Noi and HCM City.
Regarding the investment sectors, the EU investors mainly put their money into the processing and manufacturing sector, with 573 projects and a total investment of $6.29 billion. Their other major investment sectors have included the power production and real estate sectors.
Outside the EU, Japan remained the largest source of foreign investment among 49 countries and territories that pumped FDI to Vietnam. Japanese investors registered to invest $4.29 billion, making up 53.4 per cent of total FDI.
Samoa surprisingly came second, pumping in $ 890 million or 11 per cent of total FDI. It was followed by South Korea with more than $ 600 million and Hong Kong with $ 492 million, the report said. (SH)
Fibre2Fashion News Desk – India