French businesses to increase investment in VN

July 14, 2014 | 19:36

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France is the second European largest investor in Viet Nam, with many of its businesses continuing to invest in the Southeast Asian country, which is expected to create a new investment movement.

French Trade Counselor and French agency for international business development (Ubifrance) Chief Representative in Viet Nam Marc Cagnard revealed that as many as 15 French business delegations arrived in Viet Nam to seek for investment in 2014.

The French businesses highly valued the potentials of Viet Nam as well as its opportunities to enhance production and competitiveness in ASEAN, he said.

In June, Schneider Electric Viet Nam officially launched its second factory in Amata Industrial park in southern Dong Nai Province.

The French investment capital into Viet Nam will surge in the future as the French companies have strengthened their investment in Viet Nam, especially in retails, tourism, medical equipment, green technology, telecommunication and new technology, added Mr. Marc Cagnard.

VGP

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