Illustrative image (Source: VNA) Hanoi (VNA) – Many Indianenterprises are interested in cooperating with Ho Chi Minh City in wastetreatment and management, renewable energy and power generation.
At an exchange between Vietnamese and Indian enterprises recently held in thesouthern socio-economic hub, representatives from Indian firms said they areseeking Vietnamese partners in the fields.
Notably, Innovest Venture wants to work withlocal firms in infrastructure development, waste treatment and renewable energydevelopment, while Sterling&Wilson is looking for investment opportunitiesin solar and wind power generation.
Speaking at the recent India-VietnamBusiness Forum in HCM City, Indian Ambassador Pranay Verma said his government is encouraging Indian companies toinvest in Vietnam.
He also highlighted key areas inwhich businesses from the two countries can enhance cooperation like education,agriculture, manufacturing, electronics, logistics and construction equipment.
According to the ambassador, Indian investments in Vietnam are worth about 1.7billion USD, including investments routed through third countries. They aremostly in energy, mineral exploration, agro-processing, sugar manufacturing,agro-chemicals, IT and auto components.
To attract more foreign investment for environmental protection projects,Vietnam has paid attention to improving the investment and business environmentand helping investors.-VNA
VNA
