Vietnam is in the process of strong development. The country’s entry to the World Trade Organisation (WTO) will mark an important turning point in its integration into the world economy, said Mr Jacques Oudin, co-chairman of the Council.

"Vietnam needs investment and support from foreign partners for further development. Being aware of that and based on the traditional friendship between the two countries, France wants to become an important partner for Vietnam. A number of French enterprises have operated in Vietnam and they have made substantial contributions to Vietnam’s development. I hope that the number of French enterprises doing business in Vietnam and vice versa will be higher in the future." Mr Oudin noted.

Regarding areas of priority that the council will undertake, Mr Qudin said the council will discuss a number of areas to be encouraged for attracting more investment from France to Vietnam, namely energy, transport infrastructure development, environmental protection, telecommunications and food and foodstuff.

The council will also re-examine projects implemented under bilateral relations and place priority on boosting bilateral economic ties by attracting investment not only from the State budget but also from private enterprises.