General Secretary and President To Lam speaking at the Francophone Business Forum on Innovation and Creativity, Franco Tech. Photo: VNA
|
In his speech, the General Secretary and President emphasized: “Vietnam aims to become a modern industrialized country, with a focus on the digital economy. We look forward to closer cooperation with partners, including France and Francophone countries, to develop key, high-potential industries such as information technology, artificial intelligence, semiconductor industry, green hydrogen energy, and promote innovation, entrepreneurship”.
Vietnam is creating an increasingly favorable investment and business environment, with attractive incentive policies to help Francophone businesses continue to grow into large international corporations. With tripartite cooperation experience, the General Secretary and President affirmed that Vietnam is ready to support African countries in the spirit of “walking together to go far.”
Over the years, Vietnam has introduced numerous policies to promote innovation, spread entrepreneurship, and facilitate businesses. From a backward economy, Vietnam has risen to become one of the top 40 economies in the world, among the top 20 in trade, and a crucial link in 16 free trade agreements.
The General Secretary and President evaluated the Francophone community as a land of potential for economic cooperation, investment, and trade. This community currently has 88 members and observers, including European countries such as France, Belgium, Bulgaria, Greece, and Switzerland, African countries such as Mali, Morocco, and Cameroon, and some Asian countries like Vietnam, Laos, and Cambodia. With a total population of about 1.2 billion people, the community accounts for 16% of global GDP and 20% of world trade.
|
Vietnam and France established diplomatic relations on April 12, 1973, and upgraded them to a Strategic Partnership in 2013. This is the first visit by a Vietnamese President to France in 22 years. France is Vietnam’s fifth-largest European trading partner, with a trade turnover of US$4.8 billion in 2023. In the first eight months of this year, trade reached over US$3.4 billion, up 6.9% from the same period last year. France is also Vietnam’s top European bilateral ODA donor, while Vietnam is the second-largest recipient of France’s concessional loans in Asia. |
The Real Estate Giant: A Tale of Regulatory Woes and Heavy Fines.
This real estate company has a history of non-compliance with securities regulations, particularly pertaining to information disclosure. The issues are extensive and raise serious concerns regarding transparency and accountability.
Vietnam Receives the Scepter to Host the 2025 FWC
At the FIATA World Congress (FWC) 2024, which recently took place in Panama City, Panama, the representative from Vietnam, the Vietnam Logistics Services Enterprises Association, proudly accepted the baton to host the FWC 2025 in Hanoi. The prestigious event will be held from October 6-10, 2025, and promises to be a showcase of Vietnam’s logistics industry and its integral role in global trade.
