An executive from an Indian firm exchanges information with a local counterpart at a India-Vietnam business meeting in HCM City on May 23. (Photo courtesy of the Indian Consulate General)Speaking at the event, Dr Madan Mohan Sethi, the Indian Consul Generalin Ho Chi Minh City, said India has become Vietnam’s seventh largest tradingpartner after bilateral trade increased significantly in recent years.
Sethi said he saw tremendous scope for enhancing cooperationbetween the two countries not only in trade but also in many other sectorsincluding investment, medical care and tourism.
He hoped to be a bridge for cooperation between the two sides.
Nguyen Thi Diem Quynh, Deputy Director of Long An province'sDepartment of Planning and Investment, said the province is home to nearly1,200 foreign-invested projects with total registered capital of 10.3 billionUSD.
They include seven Indian projects worth 215 million USD mainly infood processing, animal feed and textile and garment, he said.
The province seeks to industrialise and become the largest hub forprocessing and distributing agricultural produce in the South in the next 10years, she said.
It would prioritise attracting investments in supportingindustries, processing and manufacturing, automation, electronic equipment andcomponents, software, semiconductors, artificial intelligence, and urbandevelopment, she added.
Doan Thi Ngoc Van, Deputy Director of Dong Nai province'sDepartment of Planning and Investment, said the locality has a trade surpluswith India.
Its major exports include raw materials for plastic, curtain andtechnical fabrics, machinery, equipment, spare parts, fibre, and yarn.
India’s strengths like IT, biotechnology, education, and medicalcare are also areas of interest for Dong Nai province, which offers the twosides a great opportunity to collaborate, she added.
Dr Ranjeet Mehta, Deputy Secretary General of the PHD Chamber ofCommerce and Industry, New Delhi, said the objective of the delegation’s visitis to seek tie-ups with Vietnamese companies in various areas such asagriculture, textiles, education, food processing, railways, infrastructure,and healthcare.
Shwetima Negi of Invest India spoke about her country’s market andopportunities in key sectors such as information technology, manufacturing,aquaculture, logistics, and infrastructure, which are soliciting foreigninvestment./.
VNA
