Vietnam’s dynamic economy attractive to French firms
With impressive macro-economic indexes in recent years, Vietnam has strong appeal for French businesses, according to Commercial Counsellor at the Vietnamese Embassy in France Nguyen Quynh Anh.
Commercial Counsellor at the Vietnamese Embassy in France Nguyen Quynh Anh (Soource: VNA)In an interview granted to the Vietnam News Agency’s correspondents on the threshold of the workshop “Vietnam, a new Asian dragon” in France, Anh said French firms are seeking to partner with Vietnamese counterparts in many fields, especially in energy, which is one of France’s strengths.
They also hoped for strengthened links with Vietnam in agriculture and infrastructure development, she noted.
According to the counsellor, France is an important partner of Vietnam in the fields of pharmaceutical industry, cosmetics, and farm products.
France’s exports to Vietnam in 2015 increased by 72.5 times compared to 2014, while Vietnam’s exports to the European country hit 3.7 billion EUR, up 32.2 percent against those in the previous year.
Many French companies have set up their representative offices in Vietnam. This shows that French firms are very interested in the Vietnamese market, she added.
Anh also said there is great potential for Vietnamese business to promote export of farm products such as rice, tea and coffee to France, especially when the Vietnam-EU free trade agreement takes effect.
The workshop “Vietnam, a new Asian dragon” is jointly held by the Vietnamese Ministry of Industry and Trade, the Senate of France and the French agency for trade and investment promotion. Beginning on March 25 , the event will include round-table seminars to promote Vietnam’s farm produce.
It aims to update both sides’ enterprises on information related to market potential, and business customs, offering a good chance to discuss measures to enhance connection between the two countries’ business in the coming time.
On the occasion, a cooperation agreement will be signed between the Vietnam Agency of Trade Promotion and the French agency for trade and investment promotion, towards improving the Vietnamese agency’s capacity in helping Vietnamese businesses enter foreign markets, as well as helping French companies start business in Vietnam.-VNA
You should also see
Vietnam, China promote judicial cooperation
Minister of Justice Le Thanh Long held talks with his visiting Chinese counterpart He Rong in Hanoi on April 19 to discuss measures to promote judicial cooperation between the two countries.
See more
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
