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Vietnam, France boost economic cooperation

A seminar was held in Paris on September 17 to further develop trade and industrial cooperation between Vietnamese and French businesses and localities.
A seminar was held in Paris on September 17 to further develop tradeand industrial cooperation between Vietnamese and French businesses andlocalities.

As part of the L’Humanite Newspaper Festival 2011, the Vietnam-FranceEconomic Seminar was initiated by the Communist Party of Vietnam and theFrench Communist Party.

Participants at the eventagreed that France is now one of Vietnam ’s leading partners inEurope but the Vietnam-France economic cooperation remains modestcompared to the two countries’ potential and demand.

According to Vietnamese Deputy Minister of Industry and Trade NguyenHai Nam , two-way trade between Vietnam and France enjoyed anaverage annual growth of 13 percent, increasing from 709 million EUR in2000 to more than 2 billion EUR in 2010.

The figure is forecast to reach 2.4 billion EUR in 2011, up 20 percent over last year, he added.

The participants also discussed effective measures to tap the twocountries’ potential and minimise the global economic crisis’s negativeimpacts on their economies as well as bilateral economic, trade andinvestment cooperation./.

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