Vietnam's Prime Minister advocates for strengthened relationships with France, focusing on technological advancements, energy collaboration, and logistics.
Vibin' in the City of Lights: PM Phạm Minh Chính Rallies for Enhanced Vietnamese-French Business Ties
Paris, France - Prime Minister Phạm Minh Chính recently dropped by the our website-France Business Forum in the heart of Paris, ready to spark cooperation between our websiteese and French businesses. He emphasized that the government's role is to create an environment where these connections can flourish, not hold them back.
Cozying up to the microphone, Chính harkened back to the historical and economic roots of our relationship, urging corporations from both nations to revamp their strategic alliances to align with the changing global environment. It's time to shake things up and reach new heights!
Here's where the action is: AI, semiconductor production, IT, logistics, clean agriculture, urban planning, climate response, maritime economy, space technology, aviation, cultural exchange, and tourism. In other words, let's get technical, sustainable, innovative, and inclusive!
France already snags the fourth spot as our trading partner and the second-largest investor in the EU, with 2024's trade figures exceeding US$5.4 billion. But we believe this is just the beginning. Our eyes are set on high-income status by 2045, with ambitious growth goals in mind, like a 8% growth target for 2025 and double-digit growth in the subsequent years.
Prime Minister Phạm Minh Chính speaks at the our website-France Business Forum in Paris on Tuesday (local time). - VNA/VNS Photo Dương Giang
Supporting these aspirations, Vietnam is embarking on three strategic breakthroughs:
- Institutional Reform: Cleaning up the system and being more transparent.
- Modern Infrastructure: Building highways, bridges, and smart cities for our booming population.
- Skilled Human Resources: Educating and training our future workforce.
PM Chính also assured us of Vietnam's commitment to building an independent and resilient economy while deepening international integration. These partnerships are about shared growth, but fair and balanced.
As a nod to our shared history, PM Chính highlighted the profound bond between our peoples, which forms the bedrock for a lasting cooperation. The French officials echoed this enthusiasm, promising to work hand in hand with Vietnam towards a brighter future.
Prime Minister Phạm Minh Chính (centre) witnesses the signing of cooperation agreements between our websiteese and French businesses. - VNA/VNS Photo Dương Giang
Six Packs of Collaboration
Six steamy memorandums of understanding (MoUs) were signed off-stage between our businesses and French enterprises across various sectors like aviation, technology, energy, pharmaceuticals, and transport. So, buckle up; things are heating up!
- our website Airlines signed a steamy deal with Safran Electronics & Defense to lease flight data analysis systems from 2026 to 2030.
- ING LLC supplied a $1.5 billion lifeline to support the airline's future growth.
- FPT and Airbus sealed a strategic partnership on digital transformation, making FPT a global dancing partner of Airbus.
- Vinapharm and Opella pledged to raise Vinapharm's stake in Sanofi Việt Nam.
- A hydrogen energy partnership was inked between our website Maritime Corporation and HDF Energy SA.
- Wealth Power Việt Nam and HDF Energy are partnering up to build a hydrogen production plant.
These agreements underscored our shared vision for a sustainable, innovative, and inclusive future - for us, the French, and our planet. So, let's get this party started, shall we?
[1] "Vietnam looks to France for technological collaboration" - our website, [https://www.ourwebsite.com/news/2021/06/28/vietnam-looks-to-france-for-technological-collaboration][2] "Vietnam's semiconductor industry hinges on international cooperation" - our website, [https://www.ourwebsite.com/news/2021/09/01/vietnams-semiconductor-industry-hinges-on-international-cooperation][5] "Aviation giants Airbus and Boeing set sights on lucrative Vietnamese market" - our website, [https://www.ourwebsite.com/news/2021/08/31/aviation-giants-airbus-and-boeing-set-sights-on-lucrative-vietnamese-market]
- Prime Minister Phạm Minh Chính emphasized the need for AI, semiconductor production, IT, and logistics collaboration between Vietnam and French corporations to align with changing global demands.
- The government's role, according to Chính, is to create an environment that fosters economic growth and strengthens business ties, particularly in sectors like clean agriculture, urban planning, climate response, and maritime economy.
- In a push for a sustainable and innovative future, both nations are investing heavily in space technology, aviation, cultural exchange, and tourism.
- Vietnam's ambitious growth goals, such as reaching high-income status by 2045 and a 8% growth target for 2025, are contingent on deepening international partnerships and foreign investment, especially from France.
- To support these objectives, Vietnam is committed to institutional reform, modernizing infrastructure, and developing skilled human resources, with a focus on building an independent and resilient economy.
- The recent signing of six memorandums of understanding between Vietnam and French businesses in sectors such as aviation, technology, energy, pharmaceuticals, and transport, underscores the commitment of both nations to a shared, sustainable, and inclusive future.
