Businesses from Haryana State of India are looking for Vietnamese partners with the aim of conducting long-term projects in Vietnam, according to the President of the Haryana Chamber of Commerce and Industry.
Addressing a Vietnam-India business forum held in Ho Chi Minh City on May 22, Pankaj Kapoor said Indian businesses now tend to choose Vietnam as a destination for their investment and decisions to set up joint ventures.
However, Vietnam needs to invest more in education and infrastructure to enhance its competitiveness, he said.
A representative from the Indian Consulate General in the city noted that riding the growth of the strategic partnership between Vietnam and India, many Indian states are seeking trade-investment ties with Vietnamese localities. He urged Vietnamese businesses to take advantage of this orientation.
Two-way trade between Vietnam and India has rocketed over the past 10 years, reaching nearly 4 billion USD in 2012. The figure is expected to be 7 billion USD by 2015.-VNA
Addressing a Vietnam-India business forum held in Ho Chi Minh City on May 22, Pankaj Kapoor said Indian businesses now tend to choose Vietnam as a destination for their investment and decisions to set up joint ventures.
However, Vietnam needs to invest more in education and infrastructure to enhance its competitiveness, he said.
A representative from the Indian Consulate General in the city noted that riding the growth of the strategic partnership between Vietnam and India, many Indian states are seeking trade-investment ties with Vietnamese localities. He urged Vietnamese businesses to take advantage of this orientation.
Two-way trade between Vietnam and India has rocketed over the past 10 years, reaching nearly 4 billion USD in 2012. The figure is expected to be 7 billion USD by 2015.-VNA
