President Tran Dai Quang (right) shakes hands with Indronil Sengupta, Chief Executive – Vietnam at Tata Sons. (Photo: VNA) Hanoi (VNA) – Vietnamalways treasures and encourages foreign investors, including those from India, toinvest and do business in the country, President Tran Dai Quang told IndronilSengupta, Chief Executive – Vietnam at Tata Sons.
Speaking at a reception for Sengupta inHanoi on February 13, President Quang said the Government of Vietnam iscontinuing with reform and improving business regulations to meet internationalstandards and create favourable conditions for foreign investors.
He said developing energy, particularlyrenewable energy, is a priority of Vietnam, expressing his belief that whenLong Phu 2 thermal power plant is completed, it will pave the way for Indian projectsto enter Vietnam.
The President asked Tata Group tofast-track the project and put the thermal plant into operation on schedule.
President Quang spoke highly of Tata’smove to expand business operations to other fields in Vietnam, including portdevelopment and coffee production and processing.
He hoped that enterprises from Vietnamand India will propose ideas to step up two-way trade and investment betweenthe two countries at the upcoming Vietnam – India Business Forum in a bid tolift bilateral trade to 15 billion USD as soon as possible.
Sengupta informed President Quang aboutthe Tata Group’s projects in Vietnam, including a 70-million-USD coffeeprocessing facility in Binh Duong and solar power projects in four provinces witha combined capacity of 250 mW.
He affirmed that Tata is working hard tocomplete these projects on schedule and wants to expand to other fields inVietnam.
Found in 1869, Tata Group is one of India’slargest conglomerates, which has been present in over 40 countries andterritories and among India’s biggest investors in Vietnam. It is building theLong Phu 2 thermal power plant in the Mekong Delta province of Soc Trang.-VNA
VNA
