The Vietnamese government advocates increased presence of French businesses in the Southeast Asian country, said Deputy Prime Minister Vuong Dinh Hue while receiving General Director for Asia Directorate under France's Ministry of Foreign Affairs Thierry Mathou in Hanoi on November 3.
Deputy PM Vuong Dinh Hue made speech at the meeting with the French business delegation. Photo: Thanh Chung
The meeting was in the frame of the official visit by French Prime Minister Édouard Philippe, who was accompanied by entrepreneurs from the French Business Association, to Vietnam between November 2 and 4.
French businesses forming the delegation specialize in diverse fields such as energy, infrastructure, healthcare, information technology and start-ups. "They all look forward to working with Vietnamese businesses for mutual development," said Thierry Mathou.
Many French businesses’ representatives agreed that economic cooperation between the two sides could further grow. They are confident of investing in Vietnam given France's experience in anti-counterfeiting, intellectual property, healthcare, digital technology development, and smart cities.
Stressing that Vietnam's economy has been stable over the years despite global uncertainties, Deputy Prime Minister Vuong Dinh Hue said applauded the goodwill of the French businesses to invest in the country.
Based on the development strategy for the period of 2021-2030, the Vietnamese government aims to narrow the gap between the country and developed ones, ensure both socio-economic and environmental sustainability, Hue said.
After 30 years of attracting foreign direct investment (FDI), Vietnam is recalibrating its FDI attraction strategy with a focus on high and environmentally-friendly technologies, the Vietnamese official said.
To advance its economic reform agenda, Vietnam is improving its institutions, fighting counterfeiting and protecting intellectual property rights under the commitments to new free trade agreements, Hue added.
He emphasized that Vietnam hopes the French business community to urge French authorities to soon approve the EU-Vietnam Free Trade Agreement.
"Vietnam wants to learn the French government’s experience and cooperate with the French business community. The success of French businesses in Vietnam proves Vietnam's success in economic development," Deputy PM Vuong Dinh Hue confirmed.