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)
Paris (VNA) – With impressive macro-economic indexes in recent years, Vietnam has strong appeal for French businesses, according to Commercial Counsellor at the Vietnamese E﷽mbassy in France Nguyen Quynh Anh.
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
France is Vietnam’s long-term trustful partner, said the President of the French-Vietnamese Entrepreneurs Council under the Movement of French Enterprises (MEDEF), Frederic Sanchez.
French household appliances Groupe SEB has bought a 51 percent stake in Vietnam Fan Joint Stock Co, allowing the French firm to take control of the Vietnamese ventilator maker, confirmed Tran Thach Quang, Vietnam Fan Co's marketing director.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.