Vietnam deserves to be a “new dragon” of the Association of Southeast
Asian Nations (ASEAN), said analysts at a seminar held in Paris, France on
January 15 on Vietnam’s investment potential.
They agreed that Vietnam is an
open country, which is on the right track to develop strongly and holds great
potential of investment for French businesses.
Addressing the event, Vietnamese
Ambassador to France Duong Chi Dung highlighted achievements Vietnam have made
over 25 years of renewal, through the wide and deep reform in the fields of
economics, trade, investment, industry, agriculture, exports and international
integration. Over the past five years, the country reached an average economic
growth of 7.5 percent per annum.
In 2011 and 2012, despite the
global economic recession, Vietnam still maintained the growth rate of 5.9
percent and 5.2 percent, respectively. Export value increased from $15 billion
in 2001 to $115 billion in 2012, to which foreign-invested enterprises
contributed about $72 billion, accounting for 63 percent of the country’s total
export value.
Vietnam is now a destination for
investors from 90 countries and territories with 13,700 projects worth about
$200 billion. The country has also established economic, trade and investment
ties with more than 200 countries and territories and many international and
non-Governmental organizations worldwide.
In particular, economic, trade
and investment relations between Vietnam and France have developed rapidly over
the past time. Two-way trade turnover hit $3.3 billion in 2012, a year-on-year
increase of 13 percent. France is the second largest European investor in
Vietnam, following Holland , with 340 projects worth $3 billion.
According to the ambassador, the
two countries are preparing for the establishment of a strategic partnership in
the framework of economic, trade and investment cooperation.
VNA
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