Vietnam seeks to boost cooperation with Andhra Pradesh state of India
The Trade Office at the Vietnamese Embassy in India, in collaboration with the Andhra Pradesh Economic Development Board, held an online conference on April 12 on opportunities for business and investment cooperation between Vietnam and the Indian state.
Vietnamese Ambassador Nguyen Thanh Hai speaks at the conference (Photo: VNA)
New Delhi (VNA) – The Trade Office at the Vietnamese Embassy inIndia, in collaboration with the Andhra Pradesh Economic Development Board,held an online conference on April 12 on opportunities for business andinvestment cooperation between Vietnam and the Indian state.
Speaking at the event, Vietnamese Ambassador Nguyen ThanhHai said that Vietnam’s total export revenue recorded a year-on-year increase of 9.5%to 732.5 billion USD last year. In addition, the country is considered anattractive destination for foreign investment thanks to its stablemacro-economy and good inflation capacity.
The Indian Consul General in Ho Chi Minh City, Madan Mohan Sethi, assessed that Vietnameseregions and localities are developing and gaining many significant economicachievements.
According to him, there are currently about 300 Indiancompanies operating and doing business in Ho Chi Minh City - a strategiceconomic and financial centre of Vietnam.
Deputy Director of Can Tho’s Investment Promotion CentreNguyen Kim Ngoc introduced participants to development potential of the city –the centre of the Mekong Delta region. She affirmed that Can Tho will be a safedestination for Indian investors.
Valarmathi Valaven, special chief secretary to the Governmentof Andhra Pradesh, said that the state government always creates favourableconditions for foreign investors and businessmen.
He proposed the two sides’ governments and people exertefforts to support enterprises in connectivity activities, thus helpinggenerate more jobs and improve income for labourers.
Andhra Pradesh has been one of the most dynamic states inIndia over the past five years. It has potential to cooperate with Vietnam inthe fields of fisheries, agricultural products, garment and textiles,information technology, as well as seaports and logistics./.
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Vietnamese Ambassador Nguyen Thanh Hai speaks at the conference (Photo: VNA) 
