Vietnam is a popular investment destination for French businesses. (Illustrative image. Source: VNA)
Hanoi (VNA) – Vietnam is a popularinvestment destination for French businesses, according to Vincent Florean,French Consul General in Ho Chi Minh City.
French enterprises have special interest inVietnam, he told reporters from Thoi Bao Kinh te Viet Nam (Vietnam EconomicTimes) on the sidelines of a wine tasting programme in Vietnam on April 5.
He said a record number of 27 French wineproduction firms participated in the event held by the French investment andtrade promotion agency.
The French government and businesses need towork more to tap markets with high potential like Vietnam, he said.
He added that the French aviation,pharmaceutical and agriculture industries make up 30 percent, 17 percent, and14 percent respectively of the country’s total export turnover to Vietnam.
France hopes the EU-Vietnam Free Trade Agreement(EVFTA) will be ratified and come into force soon, which will create new momentumfor bilateral trade relations, he said.
At present, France is the second biggest foreigninvestor of Vietnam among European countries and the 15th largest investor ofVietnam among countries and territories investing in the Southeast Asiancountry.
So far, France’s total investment in Vietnam hasbeen estimated at about 3.7 billion USD, focusing on industry, infrastructure,food and electronic equipment, he added.
Two-way trade exceeded 800 million USD in thefirst two months of 2019. Vietnam exported 574 million USD worth of goods toFrance, a year-on-year rise of 13 percent. As a result, Vietnam recorded atrade surplus of nearly 350 million USD in the period.-VNA
Vietnam, with an impressive growth speed, has become an attractive destination for French investors, said participants at the France-Vietnam business forum, which took place in Ho Chi Minh City on November 4.
“Balade en France”, the annual French food and wine festival, will take place in Ho Chi Minh City from December 1-2 as part of the activities marking the 45th founding anniversary of Vietnam-France diplomatic relations.
A delegation from the northern province of Vinh Phuc visited France from December 11-13 to promote investment and seek cooperation opportunities with French localities.
The National Assembly (NA) and Government of Vietnam pledged to continue perfecting the legal system in order to create favourable conditions for foreign enterprises, including those from France, to operate in the Southeast Asian country, said the top lawmaker.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam is a popular investment destination for French businesses. (Illustrative image. Source: VNA)
