Vietnamese, Indian firms seek to boost cooperation in electricals, electronics

Representatives of hundreds of Vietnamese enterprises operating in the electricals and electronics industries, and those from the Indian Electrical and Electronics Manufacturers' Association (IEEMA) gathered in Hanoi on December 5 for a meeting jointly held by Invest Global and the Indian Embassy in Vietnam.
Vietnamese, Indian firms seek to boost cooperation in electricals, electronics ảnh 1 Indian Ambassador to Vietnam Sandeep Arya speaks at the meeting. (Photo: VNA)
Hanoi (VNA) - Representatives of hundreds of Vietnamese enterprises operating in the electricals and electronics industries, and those from the Indian Electrical and Electronics Manufacturers' Association (IEEMA) gathered in Hanoi on December 5 for a meeting jointly held by Invest Global and the Indian Embassy in Vietnam.

According to Indian Ambassador to Vietnam Sandeep Arya, electricals and electronics are important for the industrial development of the two countries, and are also areas where Vietnamese and Indian businesses can expand partnership.

In recent years, India and Vietnam have recorded an impressive growth in terms of electricals, electronics and related fields such as power transmission and distribution, the diplomat said.

He, however, noted that the trade value of electrical products between India and Vietnam has just reached more than 200 million USD - a modest figure compared to the cooperation potential between the two countries.

With the recently approved National Power Development Plan VIII, Vietnam has a lot of potential for cooperation with India in these fields, Arya said, adding that the embassy will have more programmes to connect the two countries' business communities, thus expanding trade cooperation.

Nguyen Noi, Deputy General Director of Invest Global, said that Vietnam has a huge demand for investment capital in the field of electrical equipment.

In the period 2021-2030, the total investment capital needed to develop power sources and transmission grids is estimated at 134.7 billion USD, he said.

Foreign investors, including Indian firms, can invest in the form of 100% foreign capital, or through technology transfer, and merger and acquisition (M&A) deals with Vietnamese enterprises, Noi said.

With a leading position in the fields of electricals, electronics, information technology, and artificial intelligence, Indian businesses will certainly achieve success when investing and doing business in Vietnam, he stressed.

Vu Quang Hung, Deputy Director of the Research Institute for Industry Policy and Strategy under the Ministry of Industry and Trade (MoIT), said that there are many opportunities for Indian businesses to work with Vietnamese firms, especially in developing wind, solar and gas power.

Indian businesses can also provide equipment such as boilers and turbines for power plants in Vietnam, and join Vietnamese businesses in providing cable systems, and equipment for power transmission projects, and developing smart grid systems, he said.

Electronic businesses can partner with Vietnamese electricity supply and production businesses in supplying equipment for handling incidents in electricity supply and promoting digital transformation, he added.

IEEMA comprises 900 members, including equipment manufacturers throughout the supply chain of the power generation, transmission and distribution industry, with a combined annual revenue of over 50 billion USD, and export turnover of over 10 billion USD, and supplying 90% of all electrical equipment installed in India./.
VNA

See more

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).

At the ceremony (Photo: nhandan.vn)

Ha Nam grants investment certificates for two key projects

Ha Nam province on February 13 licenced the high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd., and the kitchenware and related metal products manufacturing plant of Casla Kitchenware JSC.

A total of 18,893 cars were sold in Vietnam in January, a drop of 40% compared to the previous month (Photo: VietnamPlus)

Car sales in Vietnam down 40% in January

Experts attributed a sharp decline in car sales to the Lunar New Year (Tet) holidays, impacting consumers' purchasing power. Consumers tend to wait for new models and releases at this time of year, contributing to lower sales during this period.

Illustrative image (Photo: VNA)

Retail fuel prices in latest adjustment

According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.

NA Chairman Tran Thanh Man speaks at the session on February 13. (Photo: VNA)

NA weighs new policies to boost science, technology, innovation

The resolution, presented at the February 13 session of the NA Standing Committee, seeks to establish a legal framework that would effectively boost national scientific-technological advancement and digital transformation, making them driving forces for socio-economic development to deliver on the dual targets by 2030 and 2045 as outlined at the 13th National Party Congress.

CPI in January 2025 rose by 0.98% compared to December 2024 (Photo: thoibaotaichinhvietnam.com)

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

People line up to register for land auctions in Hoai Duc district, Hanoi. (Photo: VNA)

Affordable housing for young buyers a win-win: HoREA

Most young people are ambitious and have a long career path ahead of them to generate income and repay loans. Typically, within 10-15 years, their earnings will double or triple, making such loans low-risk for banks, said HoREA