The forum, hosted within the framework of French Prime Minister Édouard Philippe’s visit to Vietnam, brings chances for businesses from the two sides to learn about investment opportunities in Vietnam as well as France. Mr. Henri Charles Claude, chairman of CCIFV, said that Vietnam’s efforts in administrative reform and investment environment improvement have created a transparent and attractive mechanism to foreign investors. According to the Ministry of Planning and Investment, there are 2,458 FDI projects licensed as of October this year with registered capital totaling US$15.028 billion. Currently, 72 nations and territories have projects newly licensed in Vietnam. Japan is the largest investor with the total capital of over $5.89 billion accounting for 39.2 percent of registered funds. It is followed by South Korea, Singapore, Thailand and China. French firms have been present in Vietnam for over 20 years but their presence has not been clear. Delegates at the forum said that there are three potential fields which French firms need to calculate investment including infrastructure, information technology and consumer market. In infrastructure field, Vietnam has thousands of export processing zones, industrial parks and urban areas but few businesses have invested in waste collection and treatment facilities. In addition, Vietnam is one of ten nations predicted to be worst affected by climate change. Hence, infrastructure projects on anti-flooding and renewable energy will be necessary in the upcoming time. The Vietnamese Government is heading toward digital economy. Smart cities projects have been implemented in HCMC, Binh Duong and Da Nang. Asides… [Read full story]
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