Vietnam wants to boost cooperation with the Indian state of Andhra Pradesh

The Business Office of the Embassy of Vietnam in India, in collaboration with the Andhra Pradesh Economic Development Board, held an online conference on business and investment cooperation opportunities between Vietnam and the Indian state on April 12.

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

The Indian Consul General in Ho Chi Minh, Madan Mohan Sethi, appreciated that the Vietnamese regions and towns are developing and making 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 center of Vietnam.

The deputy director of the Can Tho Investment Promotion Center, Nguyen Kim Ngoc, introduced the participants to the development potential of the city, the center of the Mekong Delta region. She stated that Can Tho will be a safe destination for Indian investors.

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

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

He proposed that the governments and peoples of both parties make efforts to support enterprises in connectivity activities, thus helping to create more jobs and improve workers’ income.

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

Article republished from the Vietnamese state media VNA in the framework of an agreement between both parties to share content. Link to the original article: https://en.vietnamplus.vn/vietnam-must-invest-in-building-larger-fuel-reserves/251491.vnp

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