Grenada, Viet Nam seek to boost investment cooperation
A seminar on promoting investment cooperation between Viet Nam and Grenada was held recently in both in-person and online formats to learn about, and evaluate the investment environment of the two countries.
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| At the seminar to boost Grenada - Viet Nam cooperation. (Photo: Embassy of Viet Nam in Venezuela) |
The event was co-hosted by the Vietnamese Embassy in Venezuela, concurrently in Grenada, in coordination with the Grenada Investment Development Corporation (GIDC) as part of the working visit to Grenada by Ambassador Le Viet Duyen.
In his address, GIDC Vice President Royston Cumberbatch briefed participants on investment areas that the Government of Grenada desires to promote as well as policies aimed at attracting foreign investors.
The GIDC representative stated that Grenada offers optimal conditions for investors to exploit, not only in tourism, but also in other potential fields such as agriculture, telecommunications, energy and education. Foreign investors, when investing in Grenada, in addition to receiving preferential policies, also have the advantage of tax-free access to the US and EU markets.
Cumberbatch emphasized that the seminar held within the framework of Ambassador Le Viet Duyen's working visit has opened up prospects ahead for bilateral cooperation in economy, trade and investment.
He expressed his wish that more experienced Vietnamese investors would come to Grenada to look for investment opportunities in the near future.
For his part, Ambassador Le Viet Duyen said that after 35 years of pursuing the Doi Moi (Renewal) process, Viet Nam has become the 40th largest economy in the world with a total GDP of US$ 343 billion in 2021, while per capita income is seeing constant improvement.
Viet Nam has a lot of experience in the field of agriculture and is currently the leading exporter of many agricultural products across the globe, such as rice, coffee, pepper, and cashew nuts. Grenada businesses can find suppliers of high quality food and agricultural products from the Southeast Asian nation, the Vietnamese diplomat went on to say.
Besides, Viet Nam also has many fast-growing and highly advantageous fields, such as the green economy, the digital economy, the electrical industry, electric car production.
According to Duyen, Vietnamese businesses will be interested in learning about policies and preferential conditions given by the Government of Grenada, and he expressed his belief that with the cooperation of the GIDC and the Ministry of Foreign Affairs, the two sides will soon have investment cooperation projects in the future.
Also on this occasion, Ambassador Le Viet Duyen had a meeting with Grenada Minister of Agriculture, Land, Forest and Labor Peter David. During the meeting, Peter David expressed his impression on Viet Nam's development, especially the long-standing and diversified agriculture, which has made an important contribution to the national development.
He wishes to cooperate with Viet Nam in the field of aquaculture, seafood, production of agricultural machinery to contribute to the development of the agricultural industry in Grenada.
Ambassador Le Viet Duyen noted his appreciation for Grenada's interest in cooperation with Viet Nam in the field of agriculture, while emphasizing that Viet Nam has strengths in production experience, human resources, and techniques, especially having experience in cooperation with Cuba and Venezuela in carrying out agricultural development projects such as seed breeding, rice cultivation, and aquaculture.
The two sides agreed to soon strengthen exchanges between the two ministries of agriculture, and organize scientific seminars between the two sides to share experience in fields of shared concern towards the signing of an agreement on agricultural cooperation in the time ahead.
(Source: VOV)
