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Economy

Vietnam bags greentech and vaccine investment from U.K., France

Standard Chartered, Sanofi and AstraZeneca scramble to gain foothold

A girl receives a Pfizer COVID-19 vaccine in Ho Chi Minh City on Oct. 27: Vietnam has received a string of investment commitments from drugmakers to increase production in the country.   © VNA via AP

HANOI -- Vietnam is set to benefit from a flood of capital from European investors, led by companies based in the U.K. and France, as they vie for opportunities in the Southeast Asian country in the face of the COVID-19 pandemic.

Vietnam signed a total of 60 memorandums of understanding with British and French companies last week, according to Vietnamese Deputy Foreign Minister To Anh Dung. The companies committed to finance projects in a range of fields, including renewable energy, COVID-19 vaccine research and education.

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