-Vietnam offers many opportunities for foreign businesses and investors, which has been highly valued by businesses of the International Organization of La Francophonie (OIF), said OIF chief on Tuesday.

General Secretary Louise Mushikiwabo told a Francophone business forum in Ho Chi Minh City on Tuesday that the presence of representatives from 25 OIF member countries at the forum has reflected their expectations for cooperation opportunities in Vietnam.

Hoang Quang Phong, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam possesses necessary conditions to help enhance the connectivity within the organization and form a closed-loop supply-consumption chain, spreading from Africa to Europe and North America.

Vietnam has set up trade ties with 44 out of 54 OIF member countries. 16 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.

Source: VOV5