The annual Vietnam-France High-Level Economic Dialogue was held in Hanoi on November 6, discussing macroeconomic developments in their respective countries, and reviewing bilateral cooperation in trade, investment and development aid.
The two sides clearly identified cooperation directions for the future. Regarding trade and investment, both sides agreed to continue effectively implementing the Vietnam-EU Free Trade Agreement (EVFTA) and further promote French investment flows into Vietnam in areas of strength such as sustainable development, renewable energy, high technology, transportation, infrastructure, and agriculture.
They agreed to closely coordinate in implementing signed cooperation agreements and to explore new collaboration opportunities in energy, finance, and banking.
Economic, trade, and development cooperation channels are seen as key pillars of the Comprehensive Strategic Partnership between the two countries. Vietnam is France’s second-largest trading partner in ASEAN, while France ranks fourth among Vietnam’s trade partners in the EU. In 2024, their bilateral trade reached over $5.4 billion, up 12.9% year-on-year, with Vietnam’s exports exceeding $3.4 billion and imports over $2 billion.
France currently has more than 700 active investment projects in Vietnam across 16 sectors, with total registered capital of around $4 billion, ranking 16th among 151 countries and territories investing in Vietnam. Meanwhile, Vietnamese enterprises have invested in 22 projects in France with total registered capital of $40 million.
France remains one of Vietnam’s first and largest providers of ODA and concessional loans through the French Treasury and the French Development Agency (AFD), supporting projects across the country in various sectors.
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