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Vietnam Maritime Corporation eyes to enhance cooperation with Indian partners

The Vietnam Maritime Corporation (VIMC), in collaboration with the Vietnamese Embassy in India, has held a seminar on vision and investment potential in port, shipping, and logistics in India.

Ambassador Nguyen Thanh Hai answers participants' queries (Photo: VNA)
Ambassador Nguyen Thanh Hai answers participants' queries (Photo: VNA)

New Delhi (VNA) – The Vietnam Maritime Corporation (VIMC), in collaboration with the Vietnamese Embassy in India, has held a seminar on vision and investment potential in port, shipping, and logistics in India.

Speaking at the November 27 event, Ambassador Nguyen Thanh Hai highlighted the essential role of the port systems, shipping activities, and logistics in maritime connectivity, as well as in trade and investment.

According to the diplomat, despite the remarkable growth in aviation connectivity between Vietnam and India, bilateral maritime connectivity remains modest and does not match the demand and potential of the two countries. Therefore, investing in the South Asian country's port system, maritime transport, and logistics will directly facilitate economic interactions, diversify shipping services, and bring benefits to both sides.

VIMC Vice President Le Quang Trung and General Director of VIMC Lines Do Thi Ngoc Trang introduced participants to the corporation’s strengths, and expressed their desire to strengthen connections and cooperation with India's partners and businesses in the coming time to develop a comprehensive service chain to enhance two-way trade between Vietnam and India, expand markets, and seek opportunities to invest in a suitable port system in India and the region.

The same day, a VIMC delegation had a meeting with Secretary of the Indian Ministry of Ports, Shipping and Waterways T K Ramachandran, during which they showed their hope for continued support from the ministry in efforts to maintain and develop new service routes, as well as in terms of policies and mechanisms, as VIMC is exploring opportunities to expand investment cooperation in the field of port operations and logistics, in order to complete the service chain between Vietnam and India.

Welcoming the VIMC’s development strategy, Ramachandran affirmed his willingness to listen to and help the corporation to address issues arising in its operation process in his country.

Also on November 27, the VIMC delegation held a customer conference with the participation of representatives from the Indian National Shipowners' Association, the National Investment Promotion and Facilitation Agency Invest India, port corporations, shipping and logistics companies, as well as import-export businesses.

The VIMC has been operating a maritime transport route connecting Vietnam to Kolkata, India, since 2022, while VIMC Lines is planning to open additional routes to the country’s Chennai and Kattupalli ports./.

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