Page 73 - Ebook HTKH 2024

By June 2023, there were a total of 2,508 foreign direct investment (FDI) projects
from European Union countries in Vietnam, with a total registered investment capital of

up to 28.91 billion USD. This is a significant increase compared to 18 billion USD from
1,623 projects in 2016 with a growth rate of 6% in the number of projects. European
countries have made an important contribution to promoting Vietnam's economic
development through FDI. In 2023, the 6 largest investors from the EU are the
Netherlands with 20 newly registered projects, Germany with 32 newly registered
projects, Sweden with 10 newly registered projects, Denmark with 14 newly registered
projects, Italy with 14 newly registered projects and France with 25 newly registered
projects, raising the total registered capital to 805.76 million USD, 366.25 million USD,

221.71 million USD, 168.84 million USD, 133.49 million USD, 89.83 million USD,
respectively.
Chart 2. Total registered capital of six major EU partners in Vietnam in 2023
unit: million USD, number of projects

Source: Compiled based on data from the Ministry of Planning and Investment

Analysis by industry and sector Corresponding to the general FDI trend in

Vietnam, EU enterprises' investment is also mainly focused on the manufacturing and
processing industry. Since 2019, EU investors have been present in most of Vietnam's
important economic sectors, but still focus on the manufacturing and processing
industry, accounting for 36.3% of total investment capital; specifically: petrochemical
refining (11%); textiles (6.94%), electronics (6.4%), food processing (5.6%),
automobiles and means of transport (5.2%).

2. Current situation of attracting some green FDI projects from the EU to
Vietnam
Recently, Vietnam has attracted many EU enterprises to invest in the onshore and
offshore wind power sector. Due to its geographical location and favorable natural

conditions for the development of this renewable energy source, enterprises from
Denmark, Norway, Germany and the Netherlands have shown interest in investing in

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