To create more opportunities for collaboration and business investment for Vietnamese businesses

Present of Indian President Ram Nath Kovind; Deputy Prime Minister Trinh Dinh Dung; Representatives from services, national and local organizations; A large number of businesses in India and India.

Deputy Prime Minister Trinh Dinh Dung said this is an important event and a valuable opportunity for the two-country business community to look at the collaborative results that have come to date. Over the last 46 years, Vietnam has its vision, opportunities and opportunities to share joint-term development cooperation, contributing to the broad strategic partnership of Vietnam-India deepen and deepen.

Deputy Prime Minister stated that Vietnam and India relations had a long history, established by President Ho Chi Minh and Prime Minister Jawaharlal Nehru, cultivated with generations of leaders and people, increasing more and more sustainable.

Both sides established a strategic partnership in 2007 and the relationship with the Total Strategic Partnership was increased in 2016. Political trust between the two countries was consistently strengthened by regular visits. high level communication; Economic, commercial and investment cooperations have been maintaining a fast and stable growth rate and its; find amazing results.

India is one of the largest 10 largest business partners in Vietnam. Two-way trading has risen over the years since the founding of both strategic partnership countries. According to data from Vietnam, in 2017 it is estimated that $ 7.63 billion is a two-way trading transaction. From 20 September, two-way trading change came to $ 8.3 billion (up 47.1% over the same period). Both countries aim to bring two-dimensional trading into a $ 15 billion in the future.

On investment co-operation, up to the end of 2018, the total registered investment in India reached 877 million, with 201 investment projects, on 29/129 countries and land investment In Vietnam, there are 8 investment projects in India with a totally registered capital of 6.16 billion USD. Millions of USD, especially in the range of animal feeding materials, construction materials, exportation of insurance, information materials.

According to the Deputy First Minister, with a population of almost 100 million people, Vietnam has been rapidly growing as a power market with a strong middle class development; The economy is open and continues to & # 39; Promote international integration actively with the Free Trade Unions Signed.

In order to improve Vietnam's country to modernization, the Vietnam Government aims to maintain a GDP growth rate of 6.5-7% per annum by 2020, with a GDP of 320 G $ US $ 350 billion, GDP per capita averages of US $ 3,200 to $ 3,500, and a trading volume of US $ 600 billion. In order to achieve these goals, Vietnam enhances the quality of the growth actively based on productivity and innovation; take the initiative to take advantage of every opportunity of the Business Change Fourth, to improve the knowledge economy; To co-ordinate the home economic sector with the foreign investment investment department, promote competitiveness; In terms of sustainable development, sustainability and cover.

In order to reach a $ 15 billion bilateral trading target in the future, PM PM said that both sides would need to increase investment in areas where India is strong and Vietnam needs; promoting air and maritime connections, constraints and step-by-step measures that impede trade and create favorable situations for a & # 39; including and out of the two countries. In addition, both countries should continue to stimulate exchange of people, Increasing understanding, co-operation in the field.

"Vietnam wants Indian investments to become stronger in the Vietnam market. It has renewable energy, manufacturing, information technology, infrastructure construction … the areas where India is strong and the need for Vietnam. Both countries need to strengthen ties both bilaterally and divisively, connecting infrastructure such as air, road, marine and digital connections. "Made in India", "Numbers,", "100" Chairs Smart "and Indian performance in a knowledge economy that creates more opportunities for collaboration, investment and business for businesses in both countries," said the Deputy Prime Minister.

At the same time, Deputy PM Trinh Dinh Dung said that both sides should establish a means of communication between initiatives and initiatives and between initiatives and the government, to create a forum to address the responsibilities, strategies and vision of share. development cooperation. Both countries need to be proactive in foster cooperation.

Vietnam and India can reinforce information references and share their experiences in developing the marine strategy, Deputy Prime Minister said.

Deputy PM Fung believes that the overall strategic partnership between the two countries will be better and better for the common benefits and success of the two people. The business community of both countries is expected to; Continue to share as a beginner in economic co-operation and collaboration, and contributes to the consolidation and deepening of its overall strategic partnership between Vietnam and India. South Westerly

Express your willingness to & # 39; Attending Vietnam-India Business Forum, his Indian President Ram Nath Kovind, emphasized the population of both Vietnam and Vietnam. Indian merchants supplied goods to the Vietnam coast before buddhist ideas from Vietnam to Vietnam broke.

President of India, Ram Nath Kovind, said Vietnam and India were not just friends. There is a vision and economic approach in both countries.

Presenting congratulations to the Government and the people of Vietnam for their great achievements in socio-economic development, President Ram Nath Kovind was delighted with Vietnam's massive growth over the last two decades; left, help & # 39; reducing the country The level of deprivation from 70% in the 1990s to less than 10% today. According to the president, GDP per capita has risen from $ 100 in the 1990s to $ 2,500 as the current level is a significant achievement that many countries are experiencing.

President Ram Nath Kovind said Vjetnam, India has been aiming to reform the economy, and to increase the level of growth and its growth. using people 's ability. As a result, India's GDP growth was 8.2%, the highest of the world's leading economies. By 2025, it is expected to double India GDP to $ 5 billion compared to $ 2.5 trillion today.

With digital linking solutions, economic reforms, effective barriers to population growth, and a good start-up environment, India is expected to be the third largest consumer in the world by 2025. To date, India has begun to build a new generation renewable infrastructure with 100 smart cities, seven fast rail corridors and broadband connections.

In 2017, India built a new 10,000 mile route; revision of the tax system … So India has risen to 65 levels, from 142 in 2014 to 77 in 2018, on the favorable World Bank business index; 3.3% controlled its inflation rate; barley exchange resources reached $ 400 billion; Over $ five billion has invested over the last five years.

President Ram Nath Kovind stated that growth figures in the fields themselves show as large & # 39; The Vietnam-India co-operation is. Revealing confidence in the co-operation objective in both countries, President Ram Nath Kovind said the two countries' businesses have the opportunity to cooperate in information technology areas, digital economy, hydrogen carbon, energy renewable, medical, civic medicine. India also wants to learn about Vietnam in a range of urban and tourism infrastructure development, start-ups, innovation in the 4.0 business context context.

Affording agriculture as an important area of ​​cooperation between the two countries, President Ram Nath Kovind said that agricultural production, processing, healing and biotechnology promises collaborative areas between the two. party. Together, with the benefit of & # 39; Getting the world's leading drug treatment industry, the world's biggest drug supplier, India could help Vietnam find her healthcare and medical treatment. Products for people at affordable prices. Indian medicine companies are also trying to open a manufacturing center in Vietnam.

Source link