Minister of Planning and Investment Bui Quang Vinh was addressing a meeting of more than 100 leading French businesses in Paris on April 7.

The new policy will create plenty of opportunity for French businesses as infrastructure construction projects using foreign loans have been undertaken by the State, Vinh said.

The country’s investment environment is much improved thanks to breakthroughs in three key areas – transparency in development policy, human resource training and modern transport and energy infrastructure, he said.

Vinh highlighted the prospect of cooperation between Vietnam and France and the rest of Europe when a single, united ASEAN community will be established in 2015 and Vietnam will be the gateway to this lucrative market of approximately 600 consumers.

Vietnam is also a dynamic economy in the Asia-Pacific region which makes up two thirds of the world’s population.

At the meeting, Minister Vinh fielded questions of those in attendance related to difficulties in bidding and implementing projects, such as building HCM City Metro route No2, Hanoi urban railway No 3, and renewable energy projects.