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Paris seminar highlights investment in Vietnam

Paris, November 6 (VNA) – A conference themed “ Vietnam – a new strategic partner of France in Asia” was held in Paris on November 5 to introduce the investment environment in Vietnam.
Paris, November 6 (VNA) – A conference themed “ Vietnam – a newstrategic partner of France in Asia” was held in Paris on November 5to introduce the investment environment in Vietnam.

Jointly organised by the Vietnamese Embassy in France and ESSECBusiness School , the event drew the participation of nearly 100delegates from French leading banks and enterprises such as Total,Technip, Societe Generale, Freyssinet, Carrefour and Avera.

Addressing the event, Philippe Pasdelou, President of ESSEC BusinessSchool highlighted the strengths of Vietnam ’s growing economy, as wellas the country’s increasing influence and position in Southeast Asiaand a stable political environment.

He noted thatFrance is the second largest European provider of developmentassistance to Vietnam , which manifests France ’s policy ofexpanding its partnership with the Southeast Asian country.

Vietnamese Ambassador to France Duong Chi Dung reviewed thedevelopment process of Vietnam since the beginning of its renewalcause in 1986, the comprehensive integration into the internationalcommunity, as well as the successful implementation of itssocio-economic development strategy and policies of attracting foreigninvestment.

Since 1987, Vietnam has drawn nearly11,000 projects with total investment of 211 billion USD, earning it thereputation as the third most attractive investment destinations in Asiaafter China and India , he noted.

Regardingthe Vietnam-France economic, trade and investment cooperation, thediplomat said total two-way trade last year was 3.2 billion USD whilethe figure for the first six months of this year was 1.6 billion USD.

France is among leading trade partners ofVietnam in Europe and has become one of the country’s most importantexport markets, he said, adding that French companies have invested atotal of 3.1 billion USD in 375 projects Vietnam .

The Ambassador stressed that big opportunities are opening up ineconomic and trade cooperation between the two countries after theyupgraded their relations to a strategic partnership during PrimeMinister Nguyen Tan Dung’s visit to France in September this year.

On the occasion, Vietnamese representativesintroduced the country’s major export products including rice, coffee,rubber, cashew, pepper, garment and textile, footwear and aquaticproducts as well as the country’s importing demands.

They also answered questions on Vietnam ’s policies to encourage investment and incentives for investors.-VNA

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