Sustainable green development and expanding investment links between France and Vietnam highlighted as the two countries celebrate the 50th anniversary of diplomatic relations and 10 years of strategic partnership this year.
The JETP (Just Energy Transition Partnership) will mobilize an initial $15.5 billion of public and private finance over the next 3-5 years to support Vietnam’s green transition.
Vietnam has promised to expand renewable energy with measurable goals, limit the use of fossil fuels, and reduce annual emissions from the electricity sector by 30 per cent.
According to the France-Vietnam Chamber of Commerce and Industry (CCI France Vietnam), Vietnam is an attractive business environment with a consistent track record of high performing economic and market growth, as well as an ample workforce of young and skilled laborers.
Numerous French entrepreneurs and corporations have set up successful companies in Vietnam over the years, including Vergers du Mekong, Annam Gourmet, Aden Services, Saint Honoré, L’Oreal, and Sanofi.