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Vietnam – France: Two-way trade & investment opportunity PDF Print
Thursday, 10 April 2014 14:31

VIETRADE On April 8th, 2014, Investment Promotion Center for Industry and Trade (INVESTPROCEN) and Programme Management Unit of “Dencentralized Trade Support Services for Strengthening the international competitiveness of Vietnam small and medium-sized enterprises” (Vietnamese SME Support Programme) cooperated with the delegation of Development Institute Val de Marne and UPEC University to hold the conference “Opportunities for Trade promotion – two-way investment Vietnam – France”  at the Meeting Room 2, VIETRADE’s headquarter, No.20 Ly Thuong Kiet Str., Hanoi. Attending the conference were representatives of Industry and Trade Departments, Trade Promotion Centers, and enterprises from over 10 provinces of Vietnam.

 

Speaking at the conference, Mr. Do Kim Lang - Deputy Director General of VIETRADE said in 2013, Vietnam and France has celebrated the 40th anniversary of diplomatic relationship establishment. Through these years, many activities to promote trade and investment between two countries has been organized. Val de Marne is one of three provinces surrounding the France’s capital, Paris. With its specific geographic location, Val de Marne is also a potential province for Vietnamese enterprises. With the population of 12 million people, Vietnamese goods penetrating this market can be distributed easily to Paris and neighborhoods.

 

At the conference, Mr. Alain Chevalier, Senior Technical Advisor of Vietnamese SME Support Programme, had a detailed presentation on the commercial and investment environment in Vietnam, as well as the status and outlook of the two-way trade Vietnam – France. He said, bilateral trade relations between Vietnam and France continued steady growth. France continues to be one of the key markets among European countries for Vietnam’s exports, despite difficulties of the economies using the European common currency. In 2013, two-way trade reached 3.5 billion euros, a 6% increase over the previous year; in which exports reached 2.79 billion euros, an increase of 4% and imports were 704 million, an increase of 14.7%.

Addressing at the conference, Mr. Francois Pays, Head of International Business Development - Development Institute - Val de Marne province, encouraged Vietnamese enterprises to grasp this opportunities and consider this as a gateway to distribute exporting commodities widely not only in France but also in other EU markets.

 

He assessed Vietnamese commodities have many advantages to export to this market, but above all, Vietnamese enterprises have to specially focus on market research and requirements of packing, labeling, food safety, etc.

Remarkably, there are 5 potential sectors that Vietnam and France should boost trade promotion which are agricultural products, foodstuff, information technology, waste treatment technology, consumer goods, and healthcare services. They are strong sectors that France want to share experiences as well as cooperate with Vietnam.

 

In addition, Mr. Francois Pays informed that it was not difficult if Vietnamese enterprises wanted to establish company or representative office in Val de Marne. What they have to do is to research carefully markets and gain their own partners. Accordingly, representative of Development Institute Val de Marne province committed to facilitate and advise Vietnamese enterprises to get the right and most effective direction in expanding business operation in Val de Marne.

Introducing opportunities for Vietnamese SMEs, Ms. Nguyen Thi Minh Thuy, Deputy National Director of Vietnamese SME Support Programme, said VIETRADE had launched many programs in order to enhance the ability of enterprises in which the highlights were National Trade Promotion Program, National Brand Program and most recently was SECO-funded Technical Assistance Agreement to improve the competitiveness of SMEs exports through local trade promotion system.

 

Representatives of INVESTPROCEN, Vietnamese SME Support Programme and France delegation also answered and clarified any questions from the participants of the Conference. 



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