French businesses hails Vietnam’s investment environment

CA - Vietnam, with its political stability, is one of the most dynamic economies in the region with an abundant, young, and high-quality workforce.

Pierre-Jean Malgouyres, President of the Paris Chamber of Commerce, emphasized this at a workshop on investment opportunities in Vietnam, which was held in Paris on November 24.

He also spoke highly of the Vietnamese government’s efforts to restructure State-owned enterprises, combat corruption, increase competitive edge for the private economic sector, and modernize the banking system for a higher quality of growth.

However, Malgouyres said, Vietnam is facing an economic imbalance and high rates of inflation. Therefore, investors should learn more about Vietnam’s culture and people in order to select skillful workers.

Many French economists and entrepreneurs at the seminar highlighted the investment environment in Vietnam, saying that it will offer good opportunities for foreign businesses, particularly French ones.

Vietnam’s amendments to the Law on Investment and its joining the World Trade Organization has made it a more attractive destination, they said, adding that the administrative procedure for investment registration has been simplified.

In addition, Vietnam plays a central role in the region and can help businesses expand their operation in other Southeast Asian nations, they said.