Vietnamese, Indian businesses look to boost bilateral investment
A Vietnam- India Business Forum was held at the headquarters of the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi, India on March 16.
3rd meeting of Vietnam-India Joint Sub-Commission on Trade (Source :qdnd.vn)
New Delhi (VNA) – A Vietnam- India Business Forum was held at the headquarters of the Federation of Indian Chambers of Commerce and Industry (FICCI) in New♔ Delhi, India on March 16.
Besides business representatives, the event attracted the participation of local economists and scholars along with delegates from Vietnam’s Ministry of Industry and Trade (MoIT), and the Vietnamese Embassy in India.
Addressing the event, Director of the MoIT’s South West Asia and Africa Markets Department Tran Quang Huy said the Vietnam’s economy recovered strongly in 2015 with GDP growth reaching 6.68 percent.
He noted that great opportunities are awaiting Indian enterprises in Vietnam as the country has joined several free trade agreements (FTA) between ASEAN and China, India, the Republic of Korea (RoK), Australia, and New Zealand.
Vietnam has also signed the Trans-Pacific Partnership (TPP) agreement alongside FTAs with the European Union, the RoK and the Eurasian Economic Union (EAEU), he added.
Operating Director of Bhartiya Group, Shailesh Pathak said great potential remains for bilateral cooperation in many fields, and the forum provided a chance for businesses of the two sides to explore possibilities for partnership.
Participations at the event discussed cooperative opportunities in the fields of renewable energy, transport, tourism, construction materials, cement, coal, mineral, agricultural products and frozen food.
In 2015, bilateral trade between Vietnam and India reached 5 billion USD. The two countries have set a bilateral target of 15 billion USD by 2020.-VNA
Vietnamese Ambassador to India Ton Sinh Thanh has attended a ceremony to mark the establishment of an India-Vietnam cooperation centre in Odisha State.
Vietnam and India should focus on fully tapping economic cooperation potential, especially in electricity production, the steel industry, hi-technology, sea port construction, hotel development.
Vietnam and India have made significant progress in textile and garment trade last year, said Deputy Minister of Industry and Trade Do Thang Hai on March 15.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
3rd meeting of Vietnam-India Joint Sub-Commission on Trade (Source :qdnd.vn)
