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VietNamNews

VN-France trade may top $3b

Update: December, 22/2012 - 10:03

HA NOI (VNS)— Bilateral trade value between Viet Nam and France was estimated to reach over US$3 billion this year, with about $2 billion exported to France, according to domestic customs data.

About $600 million worth of goods originating from Viet Nam entered France through intermediate countries, Viet Nam's trade agency in France said.

The agency said that the outlook was promising for trade relations between the two sides, as the majority of domestic products were essential consumer goods, which were both increasing in quantity and improving in quality.

The Ministry of Industry and Trade said that both parties were actively negotiating a Viet Nam - European Union (EU) free trade agreement, one of Viet Nam's major foreign trade goals.

Such an agreement would bring about new opportunities for the development of trade and investment relations between Viet Nam and the EU, particularly with France.

Companies from both countries could boost cooperation in such areas as garments and textiles, footwear, wooden furniture and food processing, experts said.

The experts were speaking at a recent seminar jointly held by the trade agency and the VCL-France business club in Neuilly sur Seine, which aimed to introduce French businesses to Viet Nam's foreign trade strategies until 2020. — VNS

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