Vietnam, France Elevate Financial and Investment Cooperation

Vietnam and France are entering a new phase of their relationship, with opportunities to translate high-level orientations and agreements into concrete cooperation programmes while expanding bilateral ties in economy, science and technology, education, culture, and people-to-people exchanges. Vietnam and France possess a special shared legacy and strong political ties. In a rapidly changing world, the two countries have common interests in building a stronger, more autonomous relationship with a vision towards the next 20 years, said former French Ambassador to Vietnam Serge Degallaix. Dr Frederic Roustan highlighted the importance of scientific and intellectual cooperation, saying that despite ups and downs in bilateral diplomatic, political and economic relations over the decades, connections between French and Vietnamese scientists and intellectuals have been maintained, contributing to exchanges between the two countries. Vietnam could deepen cooperation with BRICS through four main areas: expanding trade and market access; attracting and promoting two-way investment; engaging deeper in global supply chains and logistics networks; and advancing cooperation in science-technology, innovation and digital transformation. The Qinghai-Dong Nai route demonstrates a new direction for international intermodal rail transport, featuring deeper connectivity with hinterlands, shorter transit times and expanded two-way operations. The provincial People's Committee assigned the Department of Agriculture and Environment to prepare an investment proposal for upgrading and expanding the Con Co storm shelter in Con Co special zone. The project has a total investment of 400 billion VND (15.4 million USD) and is scheduled to be implemented from 2026 to 2028. The province’s farmers are gradually embracing advances in science and technology and digital transformation, providing an important impetus for the agricultural sector to shift toward modern production in line with Politburo Resolution No. 19-NQ/TW dated June 16, 2022. Major export products include rattan and bamboo products, sedge and wickerware, fine wooden furniture and handicrafts, ceramics, lacquerware and textiles. Many craft village products feature diverse designs and good quality, gradually enhancing their competitiveness in both domestic and international markets. An AFD-funded project in Dien Bien province aims to improve the management and efficient use of water resources and strengthen water regulation between river basins, helping secure water supplies for production and daily life while improving resilience to drought, erosion, flooding and climate change. To reach 9.5–10 billion USD, the most important thing is to strictly comply with market requirements, according to an insider. With more than 30 years of operations in Vietnam, Decathlon plans to continue investing in the country’s industrial ecosystem, working with local suppliers to increase product value while promoting innovation, technical expertise and sustainable development. Minister of Industry and Trade Le Manh Hung asked the EAEU to consider removing several obstacles to bilateral trade, with a focus on eliminating the threshold safeguard measure on Vietnamese textile and garment products and opening the Russian market further to Vietnamese fishery products. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,876 VND/USD, and the floor rate 24,316 VND/USD. The phase of building the framework has passed; now is the time for implementation and results – for the two sides to take breakthrough action and elevate economic cooperation to new heights, said General Secretary and President To Lam. The Dakcheung bauxite mining and alumina processing complex project, developed by VLV, comprises clean-water, tailings and dry-stacked red-mud reservoirs, an ore-processing plant, an alumina plant, a power plant and other industrial infrastructure. Ore will be sourced from mines in Xekong and Attapeu provinces. Deputy FM Giang spoke highly of the significance of Purves’ visit in strengthening and further deepening the Vietnam - Canada Comprehensive Partnership. Secretary of the Hanoi Party Committee Tran Duc Thang and the delegation held talks with Moscow authorities to review implementation of the 2025-2027 cooperation programme and discuss key priorities for the new period, including urban transport, science and technology, digital transformation, trade and investment, and cultural exchanges. A number of Mexican state Veracruz businesses expressed their wish to organise a delegation to Vietnam to gain first-hand insights into the market, seek partners and explore investment and business opportunities, initially focusing on trade, energy, agriculture and tourism. Imports of meat and meat products reached more than 1.918 billion USD during the January–August period, up 26.3% from the same period last year, while fishery imports stood at 2.13 billion USD, down slightly by 1%. Stores, supermarkets, shopping malls and commercial streets are displaying a broad range of lanterns and toys across colours, designs and price segments to meet consumer demand. During the first five months of its 2026-2027 fiscal year, from April through August, Honda Vietnam sold 862,105 motorcycles, down 0.2% from the same period of the previous fiscal year. Part of TikTok’s ecosystem, the Ho Chi Minh City project has a total registered capital of 25.85 trillion VND (980 million USD), including 196 million USD in contributed capital, or 20% of total investment, with the remaining 784 million USD expected to be raised. It has a 50-year operating term and is slated to begin in November 2026. The State Bank of Vietnam set the daily reference exchange rate at 25,591 VND/USD on September 10, down 3 VND from the previous day. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.