NA Chairman addresses Việt Nam-India Business Forum
National Assembly Chairman Vương Đình Huệ highlighted the great potential of bilateral economic, trade and investment ties while addressing the Việt Nam – India Business Forum in New Delhi on December 17.
In his opinion, the two countries need to look towards green and circular economies. Indian firms could invest in infrastructure, processing industry, farm produce, science-technology and education-training.
Former Minister of Commerce and Industry Senator Suresh Prabhu and Director General of the Confederation of Indian Industry Chandrajit Banerjee stressed that the Indian Government is carrying out the Act East policy and Việt Nam is one of the important partners of India in Southeast Asia.
Prabhu hailed Việt Nam as an example of innovation in the world. President Hồ Chí Minh’s thought and Việt Nam’s policies and mechanisms always place people in the centre of development goals and orientations.
With similarities, the two countries could cooperate for high growth and improved people’s lives, he said.
On the occasion, Huệ witnessed the exchange of 12 bilateral cooperation agreements in workforce training in information technology, oil and gas processing, and energy.
Meeting Essar Group chairman
NA Chairman Huệ received Chairman of the Essar Group Prashant Ruia following the Việt Nam - India Business Forum.
Introducing the Essar Group, billionaire Ruia said the firm is a multi-sector conglomerate with the market value of about US$15 billion and annual profit of some $2.2 billion. It operates in the fields of oil and gas, including oil exploitation, petrochemical technology, and gas liquefaction; mining, metallurgy; and infrastructure development; among others.
Essar wishes to invest in Việt Nam, especially in the oil and gas industry, he stressed, adding that it has taken part in the exploration and discovery of natural-gas condensate in the country’s continental shelf since 2008.
Chairman Huệ affirmed that Việt Nam supports and will create conditions for Indian companies to continue their long-term presence and expand operations related to oil and gas exploration and exploitation in its continental shelf and exclusive economic zone.
Calling on Essar to increase investment in Việt Nam, he spoke highly of the persity in the group’s operations and welcomed its intention to invest in the petrochemical industry.
Related News
NA Standing Committee convenes 21st session
16:17 | 15/03/2023 Headlines
Customs nabs Kozhikode woman with gold worth Rs 1 crore hidden in undergarment
16:22 | 15/03/2023 World Customs
NA Standing Committee’s 21st session to open on March 15
15:28 | 14/03/2023 Headlines
NA Standing Committee carries out foreign affairs for 2023
21:21 | 27/02/2023 Headlines
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export