The Netherlands, the United Kingdom, France, Luxembourg and Germany are the biggest EU investors in Vietnam.
As many as 22 countries from the Eu
ropean Union (EU) had won a licensed to invest in 1,710 projects with a combined capital of $21.48 billion in Vietnam as of October 20, the Foreign Investment Agency under the Ministry of Planning and Investment said.
The Netherlands, the United Kingdom, France, Luxembourg and Germany of the 28-nation bloc are the biggest investors in Vietnam. Investment of these five countries makes up 85% of the total.
Among the 18 industries EU investors have put money in, the local manufacturing and processing sector has been the most appealing when attracting 590 projects worth $6.62 billion, accounting for 34.5% of the number of projects and 30.8% of capital of the bloc.
The electricity production and distribution industry came second with 19 projects totaling $3.54 billion, followed by the real estate sector with 37 projects worth $3.4 billion.
Out of 52 EU-invested localities in the country, the southern metropolis of Ho Chi Minh City is the most favorite destination for EU investors, hosting 638 projects worth $4.02 billion. The runners-up are Hanoi with $3.79 billion and Ba Ria-Vung Tau with $2.45 billion.