Vietnam attends Vibrant Gujarat Global Summit in India
A Vietnamese delegation led by Deputy Minister of Industry and Trade Cao Quoc Hung is attending the eighth Vibrant Gujarat Global Summit in India from January 10-13, which focuses on sustainable socio-economic development.
Indian Prime Minister Narendra Modi speaks at the summit (Source: indiatimes.com)
New Delhi (VNA) – A Vietnamesedelegation led by Deputy Minister of Industry and Trade Cao Quoc Hung is attendingthe eighth Vibrant Gujarat Global Summit in India from January 10-13, whichfocuses on sustainable socio-economic development.
The event attracted many heads of state, senior governmentofficials and leaders from global economic corporations and institutes.
Speaking at the summit, Indian Prime MinisterNarendra Modi highlighted his country’s remarkable accomplishments.
He said India has become a bright spot in theglobal economy, referring to the “Make in India” initiative as the country’sever biggest brand.
Total foreign direct investment (FDI) pouredinto India hit 130 billion USD over the past two and a half years, he cited.
The PM revealed that India is the largestrecipient of foreign investment in the Asia-Pacific region.
He affirmed that creating a favourable businessenviromment to attract investment is a top priority of India.
On the sidelines of the summit, Deputy MinisterCao Quoc Hung took part in a meeting with the heads of delegations from othercountries and directors of Indian and international firms.
He later had a working session with theInfrastructure Leasing & Financial Services Limited (IL&FS), whichinvested in the Hanoi – Hai Phong highway project in Vietnam.
The official also visited Gift City – the firstsmart city in India, and worked with India’s Ministry of Steel and Ministry ofEnergy./.
Speaker of India’s Lower House Sumitra Mahajan and visiting National Assembly Chairwoman Nguyen Thi Kim Ngan agreed to enhance parliamentary relations during talks at in New Delhi on late December 9.
President of the India-Vietnam Solidarity Committee in West Bengal State Greetesh Sharma has suggested the two countries further promote bilateral friendship and solidarity.
Vietnamese Ambassador to India Ton Sinh Thanh has highlighted the bright prospects of the Vietnam-India ties in the future in an interview granted to the Vietnam News Agency.
Prime Minister Nguyen Xuan Phuc has congratulated the Vietnam-India Friendship Association on the 45th founding anniversary of bilateral diplomatic relations (January 7, 1972).
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Indian Prime Minister Narendra Modi speaks at the summit (Source: indiatimes.com) 
