German businesses heavily invest in Vietnam
Friday, September 19,2014
AsemconnectVietnam - 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.
Source: intellasia.net
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