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French businesses in Da Nang are satisfied with the city's investment attraction mechanisms and policies
Author: Hòa Duy Võ Updated: 15/03/2024 Views: 163

On the afternoon of March 15, 2024, Vice Chairman of the City People's Committee Tran Chi Cuong received the meeting with Ms. Emmanuelle Pavillon-Grosser, Consul General of France in Ho Chi Minh City.


Vietnam and France have deep historical and cultural connections. Up to now, France has always been one of Vietnam's leading partners in Europe as well as in the world. France values Vietnam's position in the region as well as the strategies and policies that France has been implementing in Southeast Asia and the Asia-Pacific region. To promote investment and cultural cooperation and act as a precursor for the visit of the French Ambassador to Da Nang, the French Consul General in Ho Chi Minh City paid a working visit to Da Nang city.

At the meeting, Vice Chairman of the City People's Committee Tran Chi Cuong introduced an overview of the city's socio-economy as well as outstanding cooperative relationships between Da Nang and French partners in recent times. From 1993 to 2007, Quang Nam - Da Nang province (formerly) and then Da Nang city established cooperative relations with the Nord - Pas de Calais Region. During 14 years of cooperation, many practical projects in Da Nang have been sponsored and implemented effectively by the Nord - Pas de Calais Regional Council with a total cost of up to 10 billion VND, notably: Enhancing the value of Insurance Cham museum. In 2019, the Da Nang city delegation led by Vice Chairman of the City People's Committee Ho Ky Minh attended the 11th Vietnam - France Local Cooperation Conference in Toulouse. In February 2023, the Le Havre city delegation led by Mr. Edouard Philippe, Mayor of the city, former Prime Minister of France visited and worked in Da Nang city. In October 2023, Mr. De Pariene Thomas, Deputy Mayor of Cannes, Côté d'Azur region, France had a working session with Comrade Le Trung Chinh, Chairman of the City People's Committee... Vice Chairman of the City People's Committee. We hope that the French Consulate General will create favorable conditions to connect investors to Da Nang, sign a local friendly cooperation agreement with the city of Le Havre, and provide many French scholarships to students learning French. .

The Consul General was very pleased with the effective cooperation between the city and French partners in recent times. During her business trip to Da Nang, she met many French FDI enterprises investing in the city and all of these businesses were satisfied with the city's investment mechanisms and policies and business support. These businesses create more than 100 jobs for local people; Among them, Ubisoft, with headquarters located in Montreuil-sous-Bois, France, with game development studios in 17 countries and subsidiaries in 28 countries, is one of the four major game programming companies. globally, has chosen Da Nang city as the location to establish Ubisoft Vietnam Co., Ltd. The delegation also visited and worked with Phan Chau Trinh High School, one of the educational institutions teaching French in the training program. She assessed Da Nang as a potential market for French businesses to invest. To promote this, the city needs to prepare human resources who are fluent in French, and have more educational establishments that meet French standards for children of French investors, managers, experts, and workers coming to Da Nang to work.

Working session

It is known that France ranks 16th/141 countries and territories that have investment projects in Vietnam and ranks 3rd/26 countries in the European Union (EU) that have investments in Vietnam. The processing and manufacturing industry is an industry that many French businesses are interested in when investing in Vietnam. France has currently invested in more than 135 projects in this field with a total registered capital of more than 1.1 billion USD. accounting for nearly 31% of this country's total FDI capital into Vietnam (according to data from the Ministry of Planning and Investment). In Da Nang, by the end of December 2023, there are 34 French FDI projects, with a total investment capital of about 25 million USD, focusing on the fields of services, education, hotels, restaurants, and information technology. believe,…). With the city's current development orientation, France will be a strong market to call for investment in the field of information technology. France is also famous globally for its strengths in food production and logistics services specializing in food. With its strengths, Da Nang can be considered a "fertile" market for French investors in this field.

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