Thua Thien-Hue province’s potential and its policies to attractinvestment were introduced to Indian businesses at a seminar held in thecentral locality on December 18.
Jointly heldby the provincial People’s Committee, the Vietnam Chamber of Commerceand Industry and the Indian Embassy, the seminar also offered a chancefor local businesses to meet and cooperate with Indian investors.
Vice Chairman of the provincial People’s Committee Phan Ngoc Tho saidthat India is a market with huge potential for businesses ofVietnam in general and Thua Thien-Hue in particular, especially inelectronics, information technology and garments and textiles.
The province has implemented the one-stop-shop mechanism andsimplified administrative procedures along with providing support forbusinesses in investment and trade promotion and vocational training, hesaid.
Do Huu Duy, deputy head of the Africa,West Asia and South Asia Department under the Ministry of Industry andTrade, briefed participants on potential of the Indian market, theVietnam-India trade ties, advantages of the ASEAN-India free tradeagreement, as well as proposals to boost bilateral trade in the time tocome.
According to him, India is now one ofVietnam ’s leading trade partners. Two-way trade is estimated at morethan 3.9 billion USD in 2013, of which over 1.8 billion USD come fromVietnam ’s exports to India .
Vietnam mainlysells mobile phones and components, machinery, rubber, iron and steel toIndia, while buying animal feed, pharmaceutical products, machinery,corn, cotton and plastic materials from this market./.
Jointly heldby the provincial People’s Committee, the Vietnam Chamber of Commerceand Industry and the Indian Embassy, the seminar also offered a chancefor local businesses to meet and cooperate with Indian investors.
Vice Chairman of the provincial People’s Committee Phan Ngoc Tho saidthat India is a market with huge potential for businesses ofVietnam in general and Thua Thien-Hue in particular, especially inelectronics, information technology and garments and textiles.
The province has implemented the one-stop-shop mechanism andsimplified administrative procedures along with providing support forbusinesses in investment and trade promotion and vocational training, hesaid.
Do Huu Duy, deputy head of the Africa,West Asia and South Asia Department under the Ministry of Industry andTrade, briefed participants on potential of the Indian market, theVietnam-India trade ties, advantages of the ASEAN-India free tradeagreement, as well as proposals to boost bilateral trade in the time tocome.
According to him, India is now one ofVietnam ’s leading trade partners. Two-way trade is estimated at morethan 3.9 billion USD in 2013, of which over 1.8 billion USD come fromVietnam ’s exports to India .
Vietnam mainlysells mobile phones and components, machinery, rubber, iron and steel toIndia, while buying animal feed, pharmaceutical products, machinery,corn, cotton and plastic materials from this market./.
