Up to 21 percent of Indian firms operating or intending to operate in Southeast Asia plan to expand their business in Vietnam in the next two years, and the ratio is 26 percent among Chinese enterprises, according to a HSBC survey covering more than 1,500 companies from six of the world’s largest economies – all of which have operations in Southeast Asia.
The Vietnamese Embassy in India, in coordination with chambers of commerce and industry in West Bengal, has organised conferences to further promote trade, investment and tourism of India into Vietnam.
Vietnam's largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), will cooperate with Indian Oil of India to develop petrochemical refinery projects in Vietnam, India and third countries.
Many Indian companies want to come to Vietnam and explore investment opportunities after the COVID-19 situation comes under control, Dr Madan Mohan Sethi, Indian Consul General in Ho Chi Minh City, has said.
Vietnam holds tremendous potential for information technology (IT) development thanks to its young and talented human resources and attractive investment climate, thereby becoming one of the brightest investment destinations for Indian firms, an Indian expert has said.
Trade and investment ties between Vietnam and India are not commensurate with their potential, meaning there is still a lot of room for them to grow, the India-Vietnam Business Forum heard in Ho Chi Minh City on August 21.
Indian Ambassador to Vietnam Parvathaneni Harish led a delegation to the Mekong Delta province of Soc Trang on February 21 to learn about investment opportunities in the locality.
A delegation from the Confederation of Indian Industry in Tiruppur (CII Tiruppur ) visited Ho Chi Minh City on December 19 and 20, looking for investment opportunities and meeting Vietnamese enterprises.
India is one of the major material suppliers of Vietnam’s garment and textile sector, but trade value between the two sides remains modest. Therefore, Indian firms are working to promote trade activities in the Vietnamese market.
Vietnam always treasures and encourages foreign investors, including those from India, to invest and do business in the country, President Tran Dai Quang told Indronil Sengupta, Chief Executive – Vietnam at Tata Sons.
Textile and garment companies of India are looking to promote trade cooperation with Vietnamese enterprises, said Indian Consul General in Ho Chi Minh City Smita Pant at a press conference in HCM City on May 10 to introduce the Textiles India 2017, which is slated for the Vietnamese city from June 30-July 2.
Business
