Home » Trade » France becomes HCM City’s key trade partner

Ho Chi France becomes HCM City’s key trade partnerMinh City Party Committee Deputy Secretary Nguyen Thi Quyet Tam has praised the results of the cooperation between Vietnam and France.

At April 12 meeting in HCM City that marked the 40th anniversary of Vietnamese-French diplomatic ties (April 12, 1973–April 12, 2013), Tam highlighted municipal authorities’ constant efforts at strengthening the city’s multifaceted relationship with French localities in areas including art and culture, education and training, science and technology, and health care.

Last year, two-way trade turnover between HCM City and France hit US$720 million. France’s current 152 projects worth US$825 million places it among HCM City’s 15 largest foreign investors, she noted.

Tam said HCM City is intent on boosting trade and investment cooperation with France even further, especially in climate change adaptation, urban lighting, personnel training, cultural exchange, technology, and people-to-people diplomacy.

At present, more than 300 French businesses are operating in Vietnam, generating employment for nearly 30,000 local workers. France is also a leading ODA provider to Vietnam.

The French Consul General in HCM City, Fabrice Mauries, said France wants to foster bilateral cooperation in science, education, research, culture, and national defence. France will follow the orientations of the strategic partnership agreement framework that was recently developed by the two countries’ respective foreign ministries.


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