Chairman of the provincial People’s Committee Tran Huy Tuan (R) and Indian Ambassador to Vietnam Sandeep Arya, Yen Bai, September 21 (Photo: VNA) Yen Bai (VNA) – A delegation headed by Indian Ambassador to VietnamSandeep Arya paid a working visit to the northern province of Yen Bai on September21.
During the meeting,Chairman of the provincial People’s Committee Tran Huy Tuan briefed the guests on the local potential and strengths, particularly in rare earth mining and processing, to Indian enterprises.
He said the province hasgranted investment certificates for six Indian enterprises with a totalinvestment capital reaching over 28 million USD. Theseenterprises posted 35-40 million USD in combined annual revenue and contributed 7 million USD to theState budget every year.
The local leader expressedhis hope that more Indian investors will come to explore investment cooperation opportunities inthe locality, transfer technology in rare earth and mineral exploitation andprocessing for export. He also proposed the ambassador support the provincein trade promotion activities to introduce more Yen Bai products to the Indianmarket.
For his part, theambassador spoke highly at Yen Bai’s effective investment attractionactivities, the province has created the best possible favourable conditionsfor enterprises investing in the locality.
Regarding rare earths, the ambassador hoped the two sides will have detailed cooperation orientations. India will select and bring acclaimed enterprises in the field to Yen Bai to survey local rare earth potential.
He also proposed theprovince organise investment and trade promotion conferences in India tointroduce the province’s tourism products, bolster collaborationin digital transformation, cultural exchanges, among others, in an attempt tofurther strengthen relations and solidarity between Vietnam and India./.
