German businesses heavily invest in Vietnam
05:52, 2014/09/19
Germany, with 236 foreign direct investment (FDI) projects valued at US$1.34 billion as of September 1, ranked 22nd among 101 nations and territories investing in Vietnam.
German businesses have invested in a cumulative total of 177 cooperation projects valued at US$917.93 million, 52 joint venture projects at US$409.16 million with the remaining projects implemented in the form of build-operate-transfer (BOT) projects.
HCM City is the most popular destination for German businesses with 93 projects valued at nearly US$234.34 million, followed by Ninh Thuan with two projects at US$156.7 million, and Dong Nai with seven projects at US$145.63 million.
On the reverse side, Vietnamese businesses have invested in 17 FDI projects in Germany with total investment of US$92 million. They are investing in such fields as finance and banking, real estate, informatics and trade.
German businesses have invested a broad range of sectors including manufacturing, production, water, electric and gas distribution, retail and wholesale, agro-forestry and fisheries, wastewater treatment, finance and banking, insurance, and science and technology.
On the reverse side, Vietnamese businesses have invested in 17 FDI projects in Germany with total investment of US$92 million. They are investing in such fields as finance and banking, real estate, informatics and trade.
German businesses have invested a broad range of sectors including manufacturing, production, water, electric and gas distribution, retail and wholesale, agro-forestry and fisheries, wastewater treatment, finance and banking, insurance, and science and technology.
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