OIF businesses optimistic for opportunities in Vietnam

(VOVWORLD) – The Vietnam Chamber of Commerce and Industry (VCCI) and the International Organisation of La Francophonie (OIF) held a Francophone Business Forum in Ho Chi Minh City yesterday.

The leaders of Ho Chi Minh City, VCCI, and OIF host the Francophone Business Forum. (photo: My Phuong/VNA)

Hoang Quang Phong, Standing Vice Chairman of the VCCI, said Vietnam and other OIF member countries have complementary conditions to develop together. Vietnam possesses necessary conditions to help enhance the connectivity within the organisation and form a closed-loop supply-consumption chain, spreading from Africa to Europe and North America. Meanwhile, the Francophone economic space offers a big market for the Southeast Asian nation.

Vietnam has set up trade ties with 44 out of 54  OIF member countries. Sixteen OIF countries are running investment projects in Vietnam. A number of state-run groups and private firms of Vietnam have also invested in Africa, mainly in oil and gas, telecommunications, hydroelectricity and wood processing.

OIF General Secretary Louise Mushikiwabo emphasised that the presence of representatives from 25 OIF member countries at the forum has reflected their expectations for cooperation opportunities in Vietnam. Lauding Vietnam’s dynamism, she said the country offers many opportunities for foreign businesses and investors, which has been highly valued by OIF businesses.

The visit to Vietnam by the Francophone delegation is part of the efforts to implement the Francophone Economic Development Strategy from 2020 – 2025.