Indian firms eye investments in Southwest Vietnam: Reports

Source:China Sport ShowRelease time:14-Mar-2024Clicks:

Article From：fibre2fashion

The consulate general of India in Ho Chi Minh City reportedly claimed that Indian enterprises are keen on engaging and investing in economic hubs in the Southwest region of Vietnam, including the Vinh Long province.

This is as per media reports, which added Madan Mohan Sethi, the Indian consul general, along with representatives from the Indian Business Association and various enterprises, recently convened in Vinh Long to partake in a conference aimed at fostering investment cooperation.

Vinh Long’s vice chairman, Dang Van Chinh, disclosed that in 2023, the province’s exports to India amounted to approximately $1.33 million, dominated by footwear and apparel.

Imports, mainly pharmaceutical and animal feed raw materials, totalled around $2 million.

Vinh Long showcased its advantages to Indian investors, emphasising abundant human resources, a thriving agricultural sector, and a burgeoning fruit industry yielding over 1.2 million tons annually.

Traditional craft villages and renowned products such as bricks, ceramics, and handicrafts were also highlighted.

Sethi lauded Vinh Long’s potential for development and cooperation.

It may be mentioned here India’s interest extends beyond Ho Chi Minh City to encompass economic centres in the Southwest, considering the region’s growth prospects.

Vinh Long in particular, presents attractive investment opportunities, with 12 projects awaiting external capital injection.