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French businesses encouraged to invest in Vietnam



(VOV) -France is encouraging its small and medium sized enterprises (SMEs) to invest in Vietnam and other countries in Southeast Asia (SEA).
This was confirmed by the French Minister of Foreign Trade, Mrs Nicole Bricq, at a seminar held in Paris on October 25. 

She said a French delegation will visit Vietnam and some other nations in April 2013 to explore the potential of the Southeast Asian market.
Participants in the seminar agreed that SEA is a favourable destination for business investment as it is abundant in high quality but cheap human resources.
Some considered Vietnam to be economically dynamic as a future dragon of ASEAN.
Marc Cagnard, Director of France’s trade promotion agency in Vietnam (Ubifrance Vietnam) said Vietnam is a great potential market for trade exchange based on its fast industrialization and strong consumer power.
He said some 300 French businesses are cooperating with 400 Vietnamese partners in the fields of industry, trade, science and technology farm production and food processing. 
Nguyen Canh Cuong, a Commercial Counsellor at the Vietnamese Embassy in France said Ubifrance is helping Vietnam improve its investment environment so that it will soon become an attractive and reliable destination for foreign investors.
However, he said Vietnam is not yet placed at the top of the French list of priorities in SEA.

Source: The Voice of Vietnam

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