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France investment seminar spotlights Vietnam
Investment opportunity in Vietnam was high on the agenda of a seminar held in France on March 19 jointly by the Chamber of Commerce and Industry of the Rhone-Alps region and the French Business Association in Lyon (MEDEF).
The workshop brought together representatives from numerous local enterprises operating in the banking, insurance, aviation, tourism, education, training and sports sectors.
The Minister Counselor of the Vietnamese Embassy in France, Nguyen Van Trung, briefed the participants on Vietnam’s economic situation in 2008 and its outlook this year, particularly the government’s measures to stimulate the economy amid the world economic crisis.
A MEDEF legal consultant, lawyer Gerard Ngo, gave an overview on improvements in Vietnam’s legal framework and administrative reforms aimed at attracting more and satisfying foreign investors.
Ngo assured attendees that there are no legal barriers hindering the flow of foreign investment, but that the greatest difficulty is competition between foreign investors.
The Rhone-Alps Chamber of Commerce and Industry and MEDEF in Lyon are planning a trip to Vietnam in late May where French businesses can explore potential investment.
Rhone-Alps is a French region that fosters strong ties with Vietnam. Over the past decade, the region has carried out 15 development and dozens of other projects to support higher education and has granted numerous scholarships to Vietnamese students.
The region has also agreed to provide an annual donation of 1 million EUR to Vietnamese provinces and cities from 2008-2010.
VietNamNet/VNA
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