SMEs and start-up businesses: essential solutions to Vietnamese-French relations
President Francois Hollande met with the community of French start-up businesses in new technologies, French Viet Tech during his recent visit to Vietnam. The event opened additional opportunities for Vietnamese-French economic cooperation and improved the effectiveness, dynamism, and creativity of French enterprises in Vietnam. Small and medium-sized enterprises and start-up businesses are a major driver of the global economy. A start-up can be described as a small company that develops or offers an innovative product, process, or service. Although economic, trade, and investment cooperation between Vietnam and France is growing, some say it’s lagging behind their political relations, partly because they have paid too little attention to boosting cooperation between their SME communities. Pierre Journoud, a specialist in Vietnamese-French relations, said the Vietnam market is witnessing stiff competition that will require French companies to change their way of thinking to find new cooperation opportunities.
