Vietnam seeks to boost cooperation with India's Andhra Pradesh state

On April 12, the Trade Office at the Vietnamese Embassy in India, in collaboration with the Andhra Pradesh Economic Development Board, held an online conference on opportunities for business and investment cooperation between Vietnam and the Indian state.
Vietnam seeks to boost cooperation with Andhra Pradesh state of India
Vietnamese Ambassador Nguyen Thanh Hai speaks at the conference (Photo: VNA)

Speaking at the event, Vietnamese Ambassador Nguyen Thanh Hai said that Vietnam’s total export revenue recorded a year-on-year increase of 9.5% to 732.5 billion USD last year. In addition, the country is considered an attractive destination for foreign investment thanks to its stable macro-economy and good inflation capacity.

The Indian Consul General in Ho Chi Minh City, Madan Mohan Sethi, assessed that Vietnamese regions and localities are developing and gaining many significant economic achievements.

According to him, there are currently about 300 Indian companies operating and doing business in Ho Chi Minh City - a strategic economic and financial centre of Vietnam.

Deputy Director of Can Tho’s Investment Promotion Centre Nguyen Kim Ngoc introduced participants to development potential of the city – the centre of the Mekong Delta region. She affirmed that Can Tho will be a safe destination for Indian investors.

Valarmathi Valaven, Special Chief Secretary to the Government of Andhra Pradesh, said that the state government always creates favourable conditions for foreign investors and businessmen.

He proposed the two sides’ Governments and people exert efforts to support enterprises in connectivity activities, thus helping generate more jobs and improve income for labourers.

Andhra Pradesh has been one of the most dynamic states in India over the past five years. It has potential to cooperate with Vietnam in the fields of fisheries, agricultural products, garment and textiles, information technology, as well as seaports and logistics.

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(Source: VNA)