Investment flows from France to Vietnam have been robust, with French companies and organizations expanding their operations in the country.
In early January 2025, asset management firm Mirova announced its USD 10 million investment in Ecoligo, a Berlin-based solar energy company. The funding will support a portfolio of solar rooftop projects in Vietnam, marking the first investment by the Mirova Gigaton Fund in the country. Mirova’s investment will help Ecoligo expand its solar operations in Vietnam. Priyanka Mehrotra, Investment Director at Mirova, highlighted the company’s innovative business model and the fund’s focus on providing debt financing to clean energy companies in emerging markets to drive the transition to a low-carbon economy.
In another development, Seafrigo, a cold chain logistics specialist, opened its first office in Vietnam as part of its global growth strategy. The Managing Director of Seafrigo in Vietnam emphasized the company’s role in supporting the export of specialty products such as basa fish, shrimp, dragon fruit, and mangoes, using its expertise in cold chain logistics.
French shipping company CMA CGM also revealed plans in 2024 to develop a new electric-powered, zero-emission inland electric barge for use in Vietnam. The barge will be supported by solar charging infrastructure at the Gemalink terminal in Cai Mep, generating 1GWh of green electricity annually.
According to Vietnam’s Ministry of Planning and Investment, French companies have invested in nearly 700 projects in Vietnam, totaling USD 3.95 billion. In 2024, new investments and capital contributions from French investors in Vietnam amounted to USD 52.53 million, representing a 40% increase compared to the previous year.
(Sources: Vietnam Investment Review)
