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Vietnam and France have recognized each other as strategic partners and a proposed action plan has been put in place to facilitate business operations and investment between the two countries. In 2012, Vietnam and France achieved bilateral trade of 3.76 billion USD, a figure which had been the result of rapid growth in investment activity between the two countries. Bilateral trade is expected to continue rising amid Vietnam’s anticipated entrance into the EUVietnam FTA
Investment Profile France Investments Profile in Vietnam France Investments Profile in Vietnam Contents France Investments Profile in Vietnam Foreword .4 VIETNAM GDP Growth Population Financial Health Key Sector Strengths Opportunities Overview of Key Legal Issues 10 VIETNAM- FRANCE RELATIONS 12 Key French Organizations in Vietnam 13 ODA, Other Government Assistance and Investment Trend for French Businesses 13 FDI Influx from France for the Last Years .13 French Companies in Vietnam 14 Key Agreements 15 Recent Press Announcements 15 LNT & PARTNERS PROFILE 16 About Us 17 Our Team 17 Our Lawyers 17 Our Practice Groups 18 Our Rankings 19 Our Awards 20 International Cooperation 21 Our Strategic Partners 22 Appendix 23 Appendix 24 France Investments Profile in Vietnam Foreword Vietnam maintains close economic, political and diplomatic ties with France, and the two countries are frequently engaged in discussions to bolster these ties In 2013, France and Vietnam celebrated their 40-year long diplomatic relationship Vietnam and France have recognized each other as strategic partners and a proposed action plan has been put in place to facilitate business operations and investment between the two countries In 2012, Vietnam and France achieved bilateral trade of 3.76 billion USD, a figure which had been the result of rapid growth in investment activity between the two countries Bilateral trade is expected to continue rising amid Vietnam’s anticipated entrance into the EU-Vietnam FTA France provides a variety of official development assistance in the fields of infrastructure development, clean energy, vocational training, agriculture, environmental protection and biodiversity preservation In the education sector, France has granted numerous scholarships to Vietnamese students As the economy in both Vietnam and the EU undergoes its recovery phase, an increase in trade is expected to strengthen the French-Vietnamese relationship We hope this profile will give you some insight into why French businesses are keen on expanding their operations in Vietnam and how your business will benefit from also entering this country of opportunities VIETNAM France Investments Profile in Vietnam GDP Growth Thanks to its strengthening export-oriented economy, Vietnam’s GDP has been growing year by year, much of which has been driven by key industries such as manufacturing, electronics and agriculture Graph compiled with data taken from The World Bank As the Vietnamese Government continues to implement its roadmap of liberalizing the country’s economy, GDP growth is expected to continue to remain stable and/or increase Vietnam is expected to benefit from the EU-Vietnam Free Trade Agreement Furthermore, following Vietnam’s much awaited entry into the Trans-Pacific Partnership ȋDzTPPdzȌ Agreement in late ʹͲͳͶ or early ʹͲͳͷ, which will effectively tear down trade barriers with Vietnam’s key trading partners, GDP is expected to grow rapidly with the anticipated increase in exports Population Vietnam is home to approximately 9Ͳ million people and is one of Asia’s most densely populated countries Over 70% of the population resides in rural areas, which rely primarily on agricultural production Vietnam has a young population, with working-age adults representing over 50% of the population In addition, with the influence of the western world becoming more and more pronounced, the younger generation is increasingly aspiring to achieve affluent lifestyles And with the introduction of jobs and an increase in wages, young people have more disposable income, creating an ideal market for new products and services France Investments Profile in Vietnam This youthful society presents an opportunity to foreign investors, both in terms of potential markets and also in terms of human resources The youth of Vietnam are better educated than their predecessors and they have the drive to achieve a higher standard of living, which makes them an eager and diligent workforce Financial Health The Vietnamese Government has taken efforts to curb the country’s recent high inflation rates, which have hampered investment progress in the past several years These efforts have been successful and by the end of ʹͲͳ͵, Vietnam’s average annual inflation rate stood at 6.60%, the lowest it has been in 10 years As the Government continues rolling out its fiscal policies to slash inflation, which has decreased further as of early 2014, investor interest is expected to rise and French businesses will benefit from the ensuing economic growth The Government’s efforts to achieve monetary stability have also been successful The exchange rate of Vietnam’s official currency, the Vietnamese Dong ȋVNDȌ, has remained steady over the course of the past couple of years )nvestors can take comfort in that the days of instability in Vietnam’s economy have passed A testament to the country’s positive financial outlook is the year-by-year increase in the Vietnam Stock Market (VN-)ndexȌ and the Government’s continued efforts to tackle its number of bad debts Key Sector Strengths Electronics Manufacturing Vietnam’s large supply of low wage workers and favorable tax incentives for the industry have attracted a growing number of foreign companies assembling or manufacturing electronics in the country In 2013, computer and consumer electronics products and components dominated Vietnam’s total exports Textiles The country also boasts a strong textiles industry and the demand for these products is expected to increase following entrance into the TPP and EU-Vietnam Free Trade Agreement Vietnam’s liberalization of business lines in this sector has led to an unprecedented investor interest to satisfy the growing demand from U.S., Japanese and European markets Growth is expected to jump from 12-13% to 15-20%, reaching 20 billion USD in 2017 and projected to surge to 50 billion USD by 2025 Agriculture With over 70% of the population living in rural areas, exports in agriculture remain one of Vietnam’s major contributors of GDP The country’s tropical climate and unique geographical location have made it ideal for producing certain crops Today, Vietnam is one of the world’s largest exporters of rice, cashew nuts, coffee and black pepper Other major exports of the country include seafood, rubber and wooden products Banking While the Vietnamese banking industry has traditionally been restrictive against prospective foreign stakeholders, the Government has recently passed new regulations that will allow investors to acquire a larger stake in the country’s national banks The loosening of these restrictions is expected to drive further interest in this industry as large infusions of capital will be needed to upgrade the systems, operations and branches of the current commercial and retail banking system Logistics The growth potential of Vietnam’s logistics industry has been expanding as a result of the country’s increasing export turnover Foreign interest in this industry has been supported by recent figures provided by the Deputy Minister for Transport, who cited that local logistics providers are only able to handle 20% of market demand (with the remaining 80% being handled by foreign companies) Tourism For services, Vietnam’s tourism industry has attracted some of the largest FD) commitments into the country In 2012, Vietnam welcomed over million visitors These figures, which are growing, make tourism a key growth industry driven by strong global and domestic demand Opportunities While challenges remain in the country’s regulatory framework, Vietnam remains an attractive destination for foreign investment – not least because of the Government’s efforts to open its market to investors Today, almost all investment sectors in the country are open to foreign investors (many as a result of the WTO commitments) and the rollout of further market openings is expected to take place within the next 1-ʹ years On the agenda is also Vietnam’s long awaited entrance into EU-Vietnam Free Trade Agreement and the Trans-Pacific Partnership Agreement (TPP), the conclusion of which is expected to considerably drive demand for commodities from the country It is, therefore, no surprise that in the 2014 ASEAN Business Outlook Survey by the U.S Chamber of Commerce, Vietnam was ranked as the second most popular ASEAN destination for investment (after Indonesia) As a positive outlook, 85% of survey respondents in Vietnam further expected profits to increase in 2014 The total amount of FDI has been increasing since 2011 and it is expected to continue in years to come Total FDI influx into Vietnam (million USD) Total number of FDI projects in Vietnam 2008 2009 2010 2011 2012 2013 15,428 16,345 12,100 9,914.5 7,854.1 14,272 919 1100 1171 839 833 FDI Trend (2008-2013) 1275 1400 18000 1200 16000 14000 1000 12000 800 10000 600 8000 6000 400 4000 200 2000 0 2008 2009 2010 2011 2012 Total FDI influx into Vietnam (US$ mil.) Total number of FDI projects in Vietnam 2013 This positive outlook, which is driven by a stabilizing economy, a liberalization of the market and a dynamic labor force, has placed Vietnam on the radar as an emerging market to watch Overview of Key Legal Issues Investment Process in Vietnam )n ʹͲͲ, Vietnam acceded to the WTO, which expanded foreign investors’ access to Vietnamese markets Vietnam’s WTO commitments have drastically altered the investment environment by largely superseding the protective legislation which was one of the greatest challenges to doing business in Vietnam Since accession, according to the Ministry of Finance, wholly foreign-owned entities have become the most common legal structure for FDI, followed by joint ventures and then BOT, BT, BTA and BCC contract arrangements Licenses for foreign investors will be largely granted on the discretion of the ministries The process may take approximately anywhere from months (average time for the service sector) to 12 months (for large-scale projects needing prime ministerial approval) However, there has been a proposal to amend the current Law on Enterprises, which is expected to transform Vietnam into a more investment-friendly environment for investors In practice, foreign investors in Vietnam are often required to obtain HS codes and investment licenses before commencing their business activities The proposed amendments will remove these hurdles; instead, foreign investors will only be required to obtain a Business Registration Certificate in the same manner as Vietnamese companies Moreover, the abolition of HS codes will allow businesses to engage in any business activities (other than those otherwise specifically prohibited such as activities in weaponry and drugs) Restrictions Prior to investing in Vietnam, certain requirements, such as demonstration of financial capacity and industry experience, will generally need to be fulfilled to the satisfaction of the authorities Furthermore, while investment in a vast majority of sectors in Vietnam is open nowadays, certain sectors will demand for additional hurdles to be met For example, projects in sectors that may have an adverse environmental effect (e.g., manufacturing) will likely require an environmental impact assessment report FDI approval for special services, such as banking, insurance, finance, and securities, will also be subject to higher scrutiny by the authorities, and satisfaction of more stringent conditions may be needed 10 France Investments Profile in Vietnam Our Of Counsel and Senior Advisor Mr Kiyoshi Hirasawa Practice areas • Japan Practice • Corporate, M&A • Foreign Investment Dr Sy Chung Pham Practice areas • Corporate Compliance • Foreign Investment • M&A Our Practice Groups LNT & PARTNERS has domain expertise in key legal disciplines organized into five Practice Groups: (i) Corporate Group: Our highly-regarded corporate team regularly handle M&A deals, advise on complicated business licenses, guide investors with their inbound and outbound investments, and navigate regulatory compliance issues (including in matters of competition, labor and taxation) to deliver commerciallypractical solutions to our clients (ii) Dispute Resolution Group: Our award-winning dispute resolution lawyers, which include two former judges, have represented major companies in both court and international arbitral proceedings (iii) Banking and Finance Group: Our banking and finance team has been at the forefront of millions of dollars’ worth of financial transactions for large financial institutions, funds, and private companies (iv) Intellectual Property/TMT Group: Our IP/TMT professionals have extensive experience in advising and representing major clients in some of the most complex and high-profile IP related matters in various industries, including biotech, pharmaceutical, electronics and software (v) Real Estate and Infrastructure Group: Our real estate and infrastructure team has been behind some of Vietnam’s largest development projects Our Rankings PUBLICATION Asia Pacific Legal 500 Chambers and partners International Financial Law Review (IFLR) PRACTICE AREAS RANKING YEAR Banking and Finance Leading Lawyers 2013 / 2012 Corporate/ M&A Leading Lawyers 2013 / 2012 Dispute Settlement Leading Lawyers 2013 / 2012 Tax Leading Lawyers 2013 / 2012 Banking and Finance Vietnam Leading Law Firm 2013 / 2012 / 2011 / 2010 Corporate/ M&A Vietnam Leading Law Firm 2013 / 2012 / 2011 / 2010 / 2009 Projects, Infrastructure & Energy Vietnam Leading Law Firm 2013 / 2012 Banking and Finance Notable 2013 / 2012 Mergers & Acquisitions Notable 2013 / 2012 Leading Lawyers 2012 / 2011 Project Finance PLC Which Lawyer? Recommended Law Firm 2012 / 2011 Our Awards Vietnam Deal Firm of the Year 2014 – Asia Legal Business, a Thomson Reuters Company, SE Asia Awards 2014 Full Service Law Firm of the Year 2014 – Vietnam Intellectual Property Innovators of the Year – Vietnam Commitment to Cross-Border Investment – Vietnam - Acquisition International Leading Law Firm 2014 – Asia Pacific Legal 500 Recognised Firm 2014 – International Financial Law Review Corporate Finance Law Firm of the Year in Vietnam – 2014 Corporate Intl Magazine Global Award ALB Award Deal Firm of the Year – Finalist 2013, 2012 Employer of Choice 2012 – ALB 2nd position Most Trusted Law Firm of the Year – Lawyers World Magazine 20 France Investments Profile in Vietnam International Cooperation The Firm’s partners have established strong relationships with attorneys at international law firms such as: US Law Firms European Law Firms Asian Law Firms 21 France Investments Profile in Vietnam Our Strategic Partners LNT & PARTNERS has developed an active presence across a broad range of industries through its strategic partnerships with leading industry publications and sector groups, including: Vietnam Investment Review Quang Trung Software City Colliers International Vietnam Appendix Key France Organization in Vietnam *1 French Chamber of Commerce and Industry in Vietnam Ho Chi Minh Office Landmark, 15è étage, 5B Ton Duc Thang, D.1 Tel: +84 (0)8 3825 8625 Fax: +84 (0)8 3825 8915 E-mail: ccifv.hcm(at)ccifv.org URL: http://www.ccifv.org/ Hanoi Office Sofitel Plaza Hanoi, No Thanh Nien, Ba Dinh Tel: +84 (0)4 3715 2229 Fax: +84 (0)4 3715 2230 E-mail: ccifv.hcm(at)ccifv.org URL: http://www.ccifv.org/ Vietnam Embassy in France Address: 61 Rue de Miromesnil 75008 Paris, FRANCE Tel: (331) 4414 6400 Email: vnparis.fr@gmail.com URL: http://ambassade-vietnam.com Appendix News about Vietnam *2 April 10th, 2014 Forum nurtures ties with France http://vietnamnews.vn/economy/253455/forum-nurtures-ties-with-france.html Forum nurtures ties with France Employees at the Scavi Hue Garment Company in Thua Thien-Hue Province work on a production line Viet Nam has called on long-term investment from French firms in the country — VNA/VNS Photo Danh Lam PARIS (VNS) — Viet Nam and France will facilitate economic and trade ties on the basis of open dialogue and trust Consensus was reached in the talks held between Minister of Planning and Investment Bui Quang Vinh and French Minister of Foreign Affairs and International Development Laurent Fabius in Paris on Monday The talks were part of the agenda during Vinh's visit to Paris to attend the second high-level Viet Nam-France economic dialogue The ministers described the potential for mutual benefit from developing economic ties as huge Both ministers discussed sectors of French strength, such as transport infrastructure, urban development, nuclear energy, aviation technology and health care, which Viet Nam is in need for national development At a meeting with more than 100 top French firms on the same day, Vinh called on them to launch long-term operations in Viet Nam He hailed the host country's progress in science and technology and corporate governance, which he said are areas requiring more investment in Viet Nam Vinh also briefed them on Viet Nam's economic restructuring and business climate With the ASEAN Economic Community being formed by 2015, Viet Nam will serve as a key gateway to a market of nearly 600 million people The country is also emerging as a robust economy in the Asia-Pacific region which accounts for two-thirds of the world population, he added French Business Confederation Vice President and General Director of International Development Thierry Courtaigne said Viet Nam's dynamic growth and strong reforms are conducive to French investment Counsellor for Economic Affairs at the French Embassy in Viet Nam Michel Drobinak also spoke highly of the prospects for bilateral cooperation, thanks to Viet Nam's stable growth and a force of young and skilled workers Vinh also answered French investors' questions, giving them a better understanding of the Vietnamese market — VNS April 4th, 2014 French textile machinery makers keen to enter Vietnam http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=161753 French textile machinery makers keen to enter Vietnam Ms Ho Thi Kim Thoa/(c: moit.gov.vn) Textile machinery manufacturers from Vietnam are interested in partnering with Vietnamese firms for their common interest, Evelyne Cholet, general secretary of the French Association of Textile Machinery Manufacturers (UCMTF), said at a conference in Ho Chi Minh City, Vietnam Plus reported Ms Evelyne said French companies operating in the field have advanced technologies and quality products and would become reliable partners for Vietnamese firms and be ready to help them avail full benefit of advantages that have come along with globalization Ms (o Thi Kim Thoa, Vietnam’s Deputy Minister of )ndustry and Trade, said Vietnam is currently among the world’s top five garment and textile exporters, and added that the industry has seen fast-paced development due to its efforts to integrate into the global market Ms Thoa said the Government has given importance to creating favourable conditions for enabling domestic textile enterprises to expand their markets She added that the Government has also implemented steps aimed at improving weaving and sewing techniques She suggested that the Vietnam-France business community should increasingly share experiences and technology transfer, so as to increase the added value of the industry as well as to further promote bilateral trade The seminar was organized by Vietnam’s Ministry of )ndustry and Trade, in association with Vietnam Textile and Apparel Association (VITAS), Vietnam Cotton and Spinning Association (VCOSA), and HSBC Bank (Vietnam) Limited The event was organized in the context of the Vietnamese garment and textile industry continuously growing at an average rate of 10-15 percent over the past decade, contributing around ͳͲ percent to the country’s GDP growth France is the sixth largest textile machinery exporter in the world with exports of $1.2 billion per annum supplied to customers in over 115 countries Representatives of seven leading French companies—Laroche, N.Schlumberger, superba, Verdol, Stäubli, Dollfus & Muller, and AESA—participated in the seminar March 14th, 2014 Vietnam Enjoys EUR2 bln trade surplus with France http://businesstimes.com.vn/vietnam-enjoys-eur2-bln-trade-surplus-france/ Vietnam Enjoys EUR2 bln trade surplus with France Vietnam enjoyed a trade surplus of over EUR2 billion with France last year, slightly lower than a record EUR2.1 billion seen in 2012 French customs statistics showed that two-way trade between Vietnam and France grew percent from 2012 to 3.5 billion EUR, including 2.79 billion EUR in Vietnam’s exports and 704 million EUR in imports, up percent and 14.7 percent, respectively France remains one of Vietnam’s leading European markets despite the regional economic turndown )t spent 9ͷ million EUR on Vietnam’s mobile phones and accessories, 484 million EUR on footwear and 323 million EUR on garment, among others Notably, France’s spending on pharmaceutical materials shot up over ͵ͲͲ percent yearon-year, from 36,000 EUR to 142,000 EUR Meanwhile, pharmaceuticals topped Vietnam’s imports from France with a value of 142.6 million EUR, followed by electronic goods and spare parts with 49.7 million EUR and mechanical products worth 49 million EUR Aviation equipment, mainly aircraft and satellites also posted an impressive import value, from million EUR in 2012 to 106.6 million EUR in 2013 Commercial counsellor of the Vietnamese Embassy in France Nguyen Canh Cuong said Vietnamese exporters of consumer goods see bright prospects in France ahead as their products well cater to mid-end and low-end French markets Source: VOV September 29th, 2013 Vietnam France partnership fosters business opportunities http://english.thesaigontimes.vn/Home/society/nation/31219/Vietnam-Francepartnership-fosters-business-opportunities.html Vietnam-France partnership fosters business opportunities Vietnam’s Prime Minister Nguyen Tan Dung ȋLȌ waves as he leaves with France’s Prime Minister Jean-Marc Ayrault after a protocol agreement signing ceremony, where nine contracts were signed, at his Hotel Matignon offi ces in Paris on Wednesday - Photo: Reuters HCMC – Prime Minister Nguyen Tan Dung on Wednesday stressed that French investors and enterprises will find out many business opportunities in Vietnam after bilateral ties between the two nations have been elevated to a new height Dung and his host Jean-Marc Ayrault entered formal talks in Paris on Wednesday to discuss major solutions to promote bilateral relationship, the government website chinhphu.vn reported The two heads of government agreed to strengthen ties in areas of national defense and security, economy-trade-investment, science and technology, and education and training among others After the talks, the two prime ministers signed a joint communiqué on strategic partnership between the two countries, and witnessed the signing of nine agreements between the two sides These include a protocol on France providing finance for Can Tho General Hospital, an agreement on banking cooperation, an agreement between Vietnam’s Transport Ministry and the French corporation Vinci on marine transport development, and a deal between PetroVietnam and GDF Suez on a liquefied petroleum gas and power generation projects among others Speaking at a dialogue with France’s leading enterprises, Dung encouraged ministries, agencies and enterprises from both sides to discuss and exchange information to learn about potential of the two countries and set up specific cooperation and investment plans Dung said that Vietnam has a population of 90 million and thus a sizeable market and a strategic location in Southeast Asia The nation has also signed a large number of free trade agreements (FTAs) with other countries The country is taking part in negotiations on the Trans-Pacific Partnership Agreement (TPP), the Regional Comprehensive Economic Partnership (RCEP) and a bilateral FTA with the European Union (EU) in a bid to expand market, and strengthen the supply and value chains in the region and the world The Vietnamese government has been trying to speed up economic reform, complete legal system, improve investment and business environment and create favorable conditions for foreign investors in the country, Dung was quoted by the government website chinhphu.vn as saying Vietnam has seen 13,700 foreign direct investment (FDI) projects worth over US$200 billion The country also has had around 700 outbound projects with the total value of around US$12 billion Two-way trade between Vietnam and France has almost tripled in a decade, from US$1.2 billion in 2002 to over US$3.5 billion in 2012 However, the figures have yet to match the levels expected by the both sides Earlier, Dung while delivering a speech at the French Institute of International Relations said that the two countries will elevate the bilateral ties to strategic partnership, which is expected to open a new chapter of cooperation on the basis of sincerity, mutual trust and respect The bilateral cooperation will be expanded to various fields such as politics-diplomacy, economics, culture, science and technology, national defense and security 30 France Investments Profile in Vietnam 31 France Investments Profile in Vietnam FOR MORE INFORMATION PLEASE CONTACT: Ms Quyen Hoang Managing Partner quyen.hoang@LNTpartners.com Ho Chi Minh City Head Office Unit 03, Level 21, Bitexco Financial Tower No.02 Hai Trieu Street, District Ho Chi Minh City, VIETNAM Tel: +84 3821 2357 Fax: +84 3910 3733 Hanoi Office Unit 08A, Level 2, International Centre 17 Ngo Quyen Street, Hoan Kiem District Hanoi, VIETNAM Tel: +84 3824 8522 Fax: +84 3824 8580 Mr Huy Do Partner huy.do@LNTpartners.com San Francisco Office 101 California Street Suite 2710 San Francisco, CA 94111 USA Tel: +1 415 633 8831 Fax: +1 415 689 6821 Hong Kong Office (affiliate) Two International Finance Centre Level 19, Finance Street Central, Hong Kong, CHINA Tel: +85 3125 7639 Fax +85 3125 7629 www.LNTpartners.com 32 France Investments Profile in Vietnam [...]... arises For more information on Vietnam’s legal landscape pertaining to FD), please refer to the 2014 IFLR Report by Bui Ngoc Hong, Do Huy and Nguyen Xuan Thuy at Appendix 1 11 France Investments Profile in Vietnam VIETNAM – FRANCE RELATIONS 12 France Investments Profile in Vietnam Key French Organizations in Vietnam French Chamber of Commerce and Industry in Vietnam The French Chamber of Commerce is... Construction Key Agreements ᧤i᧥ EU-Vietnam FTA Pending The FTA between EU and Vietnam went into its fifth round of negotiations in November 2013 This FTA is expected to promote the already strong trade relationships between Vietnam and France (as well as other EU states) The agreement is expected to be finalized later in 2014 If Vietnam and EU enter into the FTA, it will make Vietnam the third FTA partner of... said Viet Nam' s dynamic growth and strong reforms are conducive to French investment Counsellor for Economic Affairs at the French Embassy in Viet Nam Michel Drobinak also spoke highly of the prospects for bilateral cooperation, thanks to Viet Nam' s stable growth and a force of young and skilled workers Vinh also answered French investors' questions, giving them a better understanding of the Vietnamese... Vietnam-France business community should increasingly share experiences and technology transfer, so as to increase the added value of the industry as well as to further promote bilateral trade The seminar was organized by Vietnam’s Ministry of )ndustry and Trade, in association with Vietnam Textile and Apparel Association (VITAS), Vietnam Cotton and Spinning Association (VCOSA), and HSBC Bank (Vietnam)... March 14th, 2014 Vietnam Enjoys EUR2 bln trade surplus with France http://businesstimes.com.vn/vietnam-enjoys-eur2-bln-trade-surplus-france/ Vietnam Enjoys EUR2 bln trade surplus with France Vietnam enjoyed a trade surplus of over EUR2 billion with France last year, slightly lower than a record EUR2.1 billion seen in 2012 French customs statistics showed that two-way trade between Vietnam and France grew... (0)4 3715 2230 E-mail: ccifv.hcm(at)ccifv.org URL: http://www.ccifv.org/ Vietnam Embassy in France Address: 61 Rue de Miromesnil 75008 Paris, FRANCE Tel: (331) 4414 6400 Email: vnparis.fr@gmail.com URL: http://ambassade-vietnam.com Appendix 2 News about Vietnam *2 April 10th, 2014 Forum nurtures ties with France http://vietnamnews.vn/economy/253455/forum-nurtures-ties-with-france.html Forum nurtures... called on them to launch long-term operations in Viet Nam He hailed the host country's progress in science and technology and corporate governance, which he said are areas requiring more investment in Viet Nam Vinh also briefed them on Viet Nam' s economic restructuring and business climate With the ASEAN Economic Community being formed by 2015, Viet Nam will serve as a key gateway to a market of nearly... keen to enter Vietnam (April 4th, 2014) Vietnam Enjoys EUR2 bln trade surplus with France (March 14th, 2014) Vietnam France partnership fosters business opportunities (September 9th, 2013) Ten months UK exports hit US$3.16 billion (November 23rd, 2013) For more information on these press releases, please refer to Appendix 2 LNT & PARTNERS PROFILE 16 France Investments Profile in Vietnam About Us LNT... — VNS April 4th, 2014 French textile machinery makers keen to enter Vietnam http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=161753 French textile machinery makers keen to enter Vietnam Ms Ho Thi Kim Thoa/(c: moit.gov.vn) Textile machinery manufacturers from Vietnam are interested in partnering with Vietnamese firms for their common interest, Evelyne Cholet, general secretary... in Ho Chi Minh City, Vietnam Plus reported Ms Evelyne said French companies operating in the field have advanced technologies and quality products and would become reliable partners for Vietnamese firms and be ready to help them avail full benefit of advantages that have come along with globalization Ms (o Thi Kim Thoa, Vietnam’s Deputy Minister of )ndustry and Trade, said Vietnam is currently among ... including: Vietnam Investment Review Quang Trung Software City Colliers International Vietnam Appendix Key France Organization in Vietnam *1 French Chamber of Commerce and Industry in Vietnam Ho Chi... organized by Vietnam’s Ministry of )ndustry and Trade, in association with Vietnam Textile and Apparel Association (VITAS), Vietnam Cotton and Spinning Association (VCOSA), and HSBC Bank (Vietnam) Limited... 2014 Vietnam Enjoys EUR2 bln trade surplus with France http://businesstimes.com.vn/vietnam-enjoys-eur2-bln-trade-surplus-france/ Vietnam Enjoys EUR2 bln trade surplus with France Vietnam enjoyed