A screenshot of the Invest Vietnam conclave organised by the Indian Investors Federation, the Vietnamese Embassy in India and Leaps and Bounds Consulting Vietnam. — Photo courtesy of the organiser HCMCity(VNS/VNA) - Many Indian companies want to come to Vietnam andexplore investment opportunities after the COVID-19 situation comes undercontrol, Dr Madan Mohan Sethi, Indian Consul General in Ho Chi Minh City, hassaid.
Vietnamis one of the fastest growing economies in the world and “is the country towatch out for” and “every provincial government has an open door policy andalways encourages investments,” he told the first ever Invest Vietnamconclave organised by the Indian Investors Federation, the Vietnamese embassyin India and Leaps and Bounds Consulting Vietnam.
Thewebinar, which aimed to present Vietnam as an investment destination in varioussectors, attracted the participation of 110 investors from India and otherparts of the globe, officials from both governments and Indian businessexecutives in Vietnam.
VietnameseAmbassador to India Pham Sanh Chau said Vietnam is one of the most openeconomies in the world and “the Government’s vision is to make it adigital economy.”
Hespoke about the potential for cooperation between the two countries, especiallyin sectors such as pharmaceuticals, manufacture of automobile parts andtechnology.
Vietnamhas an eco-system for start-ups as well, and investors could also look toinvest in these young companies with strong vision, and theVietnamese embassy in New Delhi has a business-centred approach towardseconomic diplomacy and is keen to provide all kinds of support to the investorcommunity, he said.
Raghu,Director of TATA Coffee Vietnam, said the smooth connectivity betweenindustrial parks and ports is making the supply chain more efficient in thecountry.
Hethanked the authorities for providing strong support to his company.
SanjayJain, CFO & HR head of Wipro Vietnam, said getting young and skilledmanpower is never an issue in Vietnam, and his company plans to expand itsoperations, thanks to the Government’s open and supportive policies.
RaviVajpeyi, HCL Vietnam resident director, spoke about the rapidly growinginformation technology sector in Vietnam (worth 11.5 billion USD 2019) andlarge IT talent pool.
“Thestrong IT talent pool is of the biggest strengths of Vietnam’s IT industry.”
Speakingabout the garment and textile sector, Selvaraj Gopal of TAP International said,“Vietnam is currently importing 85 per cent of its fabric needs from othercountries, and so the scope for producing the same in Vietnam is high.”
VishwasSaraswat, founder and director of Leaps and Bounds Consulting,said: “Given the current COVID situation, the Vietnam government isdoing an excellent job and in fact last year the country’s GDP grew by 2.91 percentdespite the turmoil in the global economy due to COVID-19.
“Vietnam’sopen market policy with 14 plus free trade agreements will surely providebigger markets to investors.”/.
Vietnamis one of the fastest growing economies in the world and “is the country towatch out for” and “every provincial government has an open door policy andalways encourages investments,” he told the first ever Invest Vietnamconclave organised by the Indian Investors Federation, the Vietnamese embassyin India and Leaps and Bounds Consulting Vietnam.
Thewebinar, which aimed to present Vietnam as an investment destination in varioussectors, attracted the participation of 110 investors from India and otherparts of the globe, officials from both governments and Indian businessexecutives in Vietnam.
VietnameseAmbassador to India Pham Sanh Chau said Vietnam is one of the most openeconomies in the world and “the Government’s vision is to make it adigital economy.”
Hespoke about the potential for cooperation between the two countries, especiallyin sectors such as pharmaceuticals, manufacture of automobile parts andtechnology.
Vietnamhas an eco-system for start-ups as well, and investors could also look toinvest in these young companies with strong vision, and theVietnamese embassy in New Delhi has a business-centred approach towardseconomic diplomacy and is keen to provide all kinds of support to the investorcommunity, he said.
Raghu,Director of TATA Coffee Vietnam, said the smooth connectivity betweenindustrial parks and ports is making the supply chain more efficient in thecountry.
Hethanked the authorities for providing strong support to his company.
SanjayJain, CFO & HR head of Wipro Vietnam, said getting young and skilledmanpower is never an issue in Vietnam, and his company plans to expand itsoperations, thanks to the Government’s open and supportive policies.
RaviVajpeyi, HCL Vietnam resident director, spoke about the rapidly growinginformation technology sector in Vietnam (worth 11.5 billion USD 2019) andlarge IT talent pool.
“Thestrong IT talent pool is of the biggest strengths of Vietnam’s IT industry.”
Speakingabout the garment and textile sector, Selvaraj Gopal of TAP International said,“Vietnam is currently importing 85 per cent of its fabric needs from othercountries, and so the scope for producing the same in Vietnam is high.”
VishwasSaraswat, founder and director of Leaps and Bounds Consulting,said: “Given the current COVID situation, the Vietnam government isdoing an excellent job and in fact last year the country’s GDP grew by 2.91 percentdespite the turmoil in the global economy due to COVID-19.
“Vietnam’sopen market policy with 14 plus free trade agreements will surely providebigger markets to investors.”/.
VNA
