Europe has backed 2,500 projects in Vietnam. Four countries - the Netherlands, France, Luxembourg and Germany - have accounted for more than 20 billion USD  of the total.

European investors are involved in 18 of Vietnam’s 21 economic sectors. Processing and manufacturing projects make up the largest share, 36.3% of total registered capital. Electricity and gas production and distribution rank second with 20.7%, followed by real estate, and IT and communications.

EU investment is spread across multiple provinces, but is concentrated in urban centres and areas with developed infrastructure like Ho Chi Minh City, Dong Nai, Hanoi, Bac Ninh, and Quang Ninh.

Nguyen Hai Minh, Vice Chair of the European Chamber of Commerce in Vietnam, said Vietnam has risen quickly in the estimation of European investors. He noted growing interest in clean energy, high tech, and logistics, as companies look to use the country as a regional transit hub.