German businesses heavily invest 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.
