The event, co-organized by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade, the Vietnam Trade Office in France, the Paris Chamber of Commerce and Industry (CCI Paris), and the Ho Chi Minh City Investment and Trade Promotion Center (ITPC), attracted more than 30 Vietnamese enterprises and many French partners.
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Vietnamese Ambassador Dinh Toan Thang (first from right) meets with Vietnamese and French enterprises at the event. |
Speaking at the workshop, ITPC Director Tran Phu Lu said that France is the first country in the European Union (E.U.) to have set up a comprehensive strategic partnership with Vietnam. This is an important milestone for the two countries to review cooperation achievements, and build a roadmap for stronger cooperation and connection in the future.
He hoped that through the business connection, many French enterprises will know about quality products of Vietnam, thereby promoting two-way trade relations. In addition, open exchanges and better understanding of each other's needs and capabilities will help Vietnamese and French partners move towards establishing long-term and sustainable cooperative ties.
On this occasion, Bernard Quinet, Head of Business Connection Support Department of CCI Paris, introduced the market situation, needs and requirements of French businesses. He also offered suggestions to help Vietnamese businesses to effectively enter the French market.
France is currently Vietnam's fourth largest trading partner in Europe with bilateral trade turnover of 4.8 billion USD in 2023, 1.5 times higher than in 2013 - when Vietnam and France upgraded their relationship to a strategic partnership.
In the first eight months of 2024, the two-way trade value between Vietnam and France reached more than 3.4 billion USD, an increase of 6.9% over the same period in 2023, of which Vietnam's exports reached 2.23 billion USD and imports from France hit 1.18 billion USD.
Regarding investment activities, France now ranks third among European countries, and 16th out of 114 countries and territories investing in Vietnam. France's investment mainly focused on its strong fields such as telecommunications, renewable energy, environment, health care and pharmacy, manufacturing industry, food industry, and high-quality agriculture. These fields are suitable to Vietnam's orientations in foreign investment attraction and economic cooperation.
Source: VNA