: VGP News:. | The Vietnamese business community is shaking hands together



(VNA) – The Indian President, Ram Nath Kovind, has joined the Vietnamese India Business Forum in his official trip to Vietnam on late November 19.

Deputy Prime Minister Trinh Dinh Dung and Indian President Ram Nath Kovind – Photograph: VGP / Nhat Bac

On behalf of the Vietnamese Government, Deputy PM Trinh Dinh Dung and Attendance & speak at the event.

On the outskirts, there are around 70 leading Indian companies and 200 Vietnamese enterprises.

Vietnamese India Business Forum is hosted by the Vietnam Chamber of Business and Industry (VCCI), Indian Embassy in Vietnam, the Federation of Indian Businesses, and other relevant agencies in both countries. South Westerly

Businesses in both countries should work together

Speaking at the forum, President of the Nation, Ram Nath Kovind, said he was happy to be in attendance; visiting Vietnam, a traditional Indian partner.

The president urges India to have long-term and interlaced cultures. Indian trades have brought goods to the Vietnam coast long before Indian ideas came to Vietnam. The two countries had maritime commerce very early.

Over the last eight years, two-way trading has become eighty, from $ 3.7 billion in 2010 to $ 12.8 billion in 2017. This is a strong growth, The Trust in both countries to work more effectively in the future.

Indian Nation, Ram Nath Kovind, also congratulated Viet Nam for his great achievements in innovation, a comprehensive development of socio-economic life and said that the increase in income per capita from $ 100 per year 90 of the twentieth century up to $ 2,500 as the current level is an amazing performance and very few developing countries.

The president said that Vietnam, India has the same way to focus on economic reform, growth and empowering people's abilities. India's GDP grew 8.2% in 2017, 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.

By increasing digital connectivity, economic reform and preventing population growth and good starting position, India is expected to be the third largest consumer in the world before 2025. Today, India has begun to build a generational rebuild with 100 smart cities, seven high speed railways and broadband connections.

President of the Nation, Ram Nath Kovind, who speaks at the Forum: Picture: VGP / Japan

In 2017 alone, India has built a new 10,000 mile route; tax reform and a number of measures to improve the business environment, and India's help rises from 65 in 2014 to 77 in the 2018 World Bank business recordings. At inflation control also 3.3%, barley trading resources retained $ 400 billion.

"These are high levels of commitment to strengthen collaboration between the two countries, especially in the field of trade and investment," said President of India, Ram Nath Kovind.

The President confirmed that both countries' businesses have great opportunities for collaboration, especially in new areas such as information technology, digital economy, renewable energy, medicine and civilian air. In addition to traditional areas such as agriculture, tourism, medicine …

"With the best technology and technology in the world, Indian businesses are ready to work with Vietnam partners in a variety of areas, so both countries need to create a positive environment to innovate and start encouraged in the context of the 4th Business Revolution, "suggested the president.

"There is a great deal of new cooperation between the two countries and there are many opportunities to wait. We invite Indian and Vietnamese businesses to work together to trade and invest inspired, "said President of India, Ram Nath Kovind.

Commitments to achieve centers and encourage investment

Deputy Prime Minister Trinh Dinh Dung said Vietnam's relationship with India, established by President Ho Chi Minh and Prime Minister Jawaharlal Nehru, has a long history led by generations of directors and the people of both countries have strengths and strengths.

Established the two sides of the 2007 Strategic Partnership and established their relationship with the Total Strategy Partnership up to 2016. Political trust between the two countries was consistently strengthened by regular visits . and showed a high level; 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 today. Two-way trading has risen over the years since the founding of both strategic partnership countries. According to data from Vietnam, in 2017, 7.63 billion USD are converted to two-way trading change. Up to September 2015, 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.

Deputy Trinh Dinh Dung and Talk at Forum – Photo: VGP / Nhat Bac

On deposit investment, by the end of September 2015, the total registered investment in India reached 877 million USD, with 201 investment projects, on 29/129 countries and land investment At this time There are 8 investing projects in India with a totally registered capital of 6.16 million USD. USD, mostly in the range of animal feeding materials, construction materials, cosmetic exports, information materials.

After more than 30 years of regular implementation of its renewal policy and international integration, and & # 39; maintaining a high and steady growth over recent years, Viet Nam has become a vibrant economy with GDP around USD 240 billion, trading volume is over USD 475 billion.

With a population of almost 100 million people, Vietnam has been rapidly growing. strong central development growth; The economy is open and continues to & # 39; Promote international integration actively with the Free Trade Unions Signed.

"In order to introduce Vietnam to an industrialized country, we aim to maintain an average GDP growth rate of 6.5-7% per annum by 2020, with GDP to reach 320 $ 350 billion , GDP per capita reach about US $ 3,200-3,500, trade volume came to $ 600 billion, PM Deputy said.

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 the opportunities that it has at its disposal. Quarter Business Turnover, which develops 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.

Indian Chief Executive Ram Nath Kovind, Deputy Prime Minister Trinh Dinh Dung and businesses from both countries – Photograph: VGP / Nhac Bac

"Vietnam is committed to performing its centers, policies and laws, creating business investment and business in line with international standards, enhancing performance commitments, increase the legal rule; expand the business sector, promote business capabilities; maintain and develop infrastructure, financial and banking systems, educational reform and improving the quality of human resources, "Deputy PM, Trinh Dinh Dung, responded to the Indian Investors.

Both sides should increase their 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.

"Both countries need to strengthen regional and related commitments, linking infrastructure such as air, road, marine and digital connections," said PM Deputy.

Together, the two sides should establish a means of communication between initiatives and initiatives and the government, creating a forum for doing so; share concerns, strategies and vision for joint working. Both countries need to be proactive in foster cooperation.

In addition, how countries with natural benefits in marine economics, Vietnam and India are able to strengthen exchange of knowledge and share experiences in building their own marine strategies.

"The Government and the people of Vietnam are always considering the success of Indian enterprises as successful," said Deputy PM Trinh Dinh Dung.

Xuan Tuyen – North


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