06 July 2017

Indian investments in Vietnam forecast to grow

Indian investments in Vietnam forecast to grow

Hong Van

The ninth Delhi Dialogue between India and ASEAN countries in New Delhi on July 4-5 – PHOTO: HONG VAN

NEW DELHI – Indian firms are expected to spur investment in Vietnam in the coming time, said Vietnamese ambassador to India Ton Sinh Thanh.

At the ninth Delhi Dialogue between India and ASEAN countries in New Delhi on July 4-5, Thanh said many large Indian corporations plan to invest in sectors where they are strong such as renewable energy, information technology, mechanical engineering, mining, farm produce processing, and automotive.

Deputy Prime Minister and Foreign Minister Pham Binh Minh said at the dialogue that Indian initiatives like “Make in India,” “Digital India” and “Skill India” would give a boost to cooperative ties between India and ASEAN.

The dialogue was aimed at charting the course for spurring India-ASEAN relations in the next 25 years.

Deputy PM Minh yesterday met with Indian enterprises that may invest in Vietnam. They specialize in software and information technology, banking-finance, logistics, mechanical engineering, textile, energy, renewable energy and medicine.

India ranks 26th among 119 countries and territories investing in Vietnam, with total registered capital of US$722 million.

The two countries look to increase two-way trade to US$15 billion by 2020.

 

 



Link http://news.c10mt.com/search/label/vietnambreakingnews and http://news.c10mt.com

Links Topics : http://news.c10mt.com/2017/07/indian-investments-in-vietnam-forecast.html