VN strives to attract French investment

Friday, May 05, 2017 17:18

The event drew many French businesses which have invested in and exported to Viet Nam, as well as partners who want to learn about Viet Nam. — VNA Photo Tien Nhat

Viet Nam wants to attract investment in hi-tech and environmentally-friendly fields, which are strengths of French investors, Le Cong Thanh, Counsellor in charge of investment in France told a roundtable discussing Vietnamese investments and exports.

During the event, organised by the enterprise club of the Association of Enterprises in the Ile-de-France region (MEDEF Ile-de-France) on Thursday, representatives of Vietnamese trade and investment promotion agencies in France discussed the strengths of Viet Nam’s investment climate, including its stable political system, positive and sustainable growth prospects, competitive labour costs and high domestic demand.

Several French enterprises also shared their experience in doing business in Viet Nam.

Michel Jonqueres, Chairman of the International Committee under MEDEF Ile-de-France, said that three remained untapped potentials for the two countries to accelerate bilateral economic and investment relations. France’s exports to Viet Nam were valued at 1.7 billion euros (US$ 1.89 billion) last year, accounting for only 1 per cent of Viet Nam’s imports, he said, suggesting French businesses should expand operations in the Southeast Asian nation.

Currently, 300 French businesses are operating in Viet Nam, creating about 26,000 local jobs. — VNS

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