Vietnamese Prime Minister Pham Minh Chinh’s visit to France from November 3-5 at the invitation of his French counterpart Jean Castex is expected to open up new opportunities and lift bilateral ties to a new height.
Hanoi (VNA) – Vietnamese Prime Minister Pham Minh Chinh’s visit toFrance from November 3-5 at the invitation of his French counterpart JeanCastex is expected to open up new opportunities and lift bilateral ties to a new height.
France is always one of thetop trade partners of Vietnam in the European Union (EU). Two-way trade grew by15.7 percent annually on average during 2011-2019. France is now the fourthlargest importer of Vietnam in the EU with a share of nearly 10 percent of thecountry’s exports to the region, according to a representative from the Ministry of Industry and Trade’s Department of the European-American Markets.
Due to the impacts of COVID-19 pandemic,two-way trade declined by 10 percent year-on-year in 2020 to 4.8 billion USD. Vietnam’sexports to France reached 187.9 million USD in September 2021 and 2.25 billionUSD in nine months of this year, down 9.9 percent annually, mostly footwear,apparel, household appliances, agro-forestry-fisheries, gemstones, jewelries, electronics,mechanical engineering tools, rubber, coal, plastics, bamboo and rattan items.
Meanwhile, Vietnam mainly purchased high-valueand hi-tech goods from France, including pharmaceuticals, machinery and equipment,and transport vehicles, amounting to over 1.5 billion USD last year, down 4.3percent annually.
As of August 20, France ranked 16th out of 140countries and territories investing in Vietnam with 632 valid projects worthmore than 3.6 billion USD.
In order to increase the presence of Vietnamese agro-fisheries in France,experts suggested outlining strategies to attract consumers as well as specificaction programmes to bu﷽ild trust and prove product quality.
Thanh Ha lychees in a supermarket in France (Photo: VNA)
According to the Vietnam Trade Office in Vietnam, there are hugeopportunities for Vietnamese goods to navigate France but its requirements arealso high. Therefore, suppliers need to continue maintaining product quality,or invite French experts and skilled workers to Vietnam to inspect quality.
To lift two-way trade to a new height, experts proposed thatVietnam should ask the EU and France in parti✤cular to work closely togetherwith the country to make the best use of the EU-Vietnam Free Trade Agreem🅘ent./.
The Vietnamese Embassy in France on September 15 held a ceremony to mark the 76th anniversary of Vietnam’s August Revolution (August 19), National Day (September 2) and diplomatic sector establishment.
A seminar on the European Union (EU) – Vietnam Free Trade Agreement (EVFTA) took place in Mâcon city of France’s Saône-et-Loire province on September 16, attracting the participation of representatives of nearly 50 local enterprises.
Vietnamese Ambassador to France Dinh Toan Thang had a meeting on September 27 with a delegation from the France-Vietnam Friendship Association (AAFV) led by its President Gérard Daviot, during which the ambassador hailed the association’s contributions in strengthening friendship and cooperation between people of both countries.
Vietnamese Ambassador to France Dinh Toan Thang on September 28 had a working session with French parliamentarians and members of the France-Vietnam Friendship Parliamentarians' Group in the French Parliament at the invitation of chairwoman of the group Stéphanie DO.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image (Photo: tapchitaichinh.vn) 
Thanh Ha lychees in a supermarket in France (Photo: VNA) 
