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Saturday, June 22, 2024

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Vietnam-France

Opportunities ahead

France’s dedication to attracting investments in low-carbon products and advancing forward-looking supply chains presents an opportunity for foreign investors, including those from Vietnam, to explore this market. Strengthening Vietnam-France ties Speaking at a news briefing on April 26 as part of his Vietnam visit, Laurent Saint-Martin, chief executive officer of Business France, which promotes French exports and inward investments to France, said France has a conducive environment for Vietnamese firms to do business. Vietnam is now home to approximately 230 French companies, which employ 25,000 workers in sectors such as retail, construction and transportation. Notably, some are contributing to the construction of Hanoi City’s third urban railway, Nhon-Hanoi Station. Many of these businesses are part of the prestigious CAC40, comprising the top 40 companies by market capitalization in France. “This underscores the strong confidence French companies have in their future plans in Vietnam,” Saint-Martin remarked. Conversely, several Vietnamese businesses are making significant strides in the French market, including electric vehicle (EV) manufacturer VinFast, tech firm FPT Software, and telecom group Viettel. “Several software programs supplied by FPT Software are integral to aircraft manufacturer Airbus,” he remarked, highlighting the significance of these solutions. “We also anticipate their application in the automotive […]
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