At the event, jointly held by the Vietnam Trade Office in India, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), and the HCM City Trade and Investment Promotion Centre, Ambassador Chau said The deal was officially ratified by the Vietnam National Assembly at its ninth session, Chau told the event.

At the online conference.

He said that the garment-textile industry will be one of the five sectors that have opportunities to increase exports to the EU, while calling on Indian companies to boost investment and establish plants in Vietnam in areas India is strong in such as garment and textiles.

Indian ambassador to Vietnam Pranay Verma, for his part, said the two countries’ embassies will intensify cooperation and information sharing, and set up joint working groups to facilitate the work.

According to Verma, the Vietnamese market is potential for Indian businesses which have advantages in garment-textiles, pharmaceuticals, steel, agriculture and information technology.

At the event, participants discussed various issues and assessed the impacts of the Covid-19 pandemic on economies worldwide, including Vietnam and India, and ways of weathering the crisis.

EVFTA makes Vietnam more attractive to EU investors

Foreign investors, especially those from the European Union (EU) would find it more appealing to land investment in Vietnam when the EU- Vietnam Free Trade Agreement (EVFTA) takes effect, according to German broadcaster Deutsche Welle (DW).

Vietnam always supports US investors: Party official

At a reception in Hanoi on January 8 for Adam Boehler, first CEO of the US International Development Finance Corporation (DFC), head of the Economic Commission of the Party Central Committee Nguyen Van Binh affirmed that Vietnam always supports and facilitates the investment by US firms in general and the DFC in particular.

RoK tops foreign investors in Vietnam in 2019

The Republic of Korea (RoK) is the leading foreign investor in Vietnam in 2019, pouring 7.92 billion USD into the country, accounting for over one fifth of the total flow of foreign direct investment into Vietnam during the year.

RoK Embassy introduces more investors to Bac Giang

(BGO) -  On December 18, the Vice  Chairman of the Bac Giang provincial People’s Committee Le Anh Duong and leader of the Department of Foreign Affairs (DoFA) paid a visit to extend the Tet greetings to the Republic of Korea (RoK)’s Embassy to Vietnam on the upcoming 2020 New Year. The delegates were welcomed by  Jeong Woo Jin, Acting Ambassador, Consulate General of the RoK to Vietnam.

Hanoi commits all possible support for Japanese investors

Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung has affirmed that Hanoi always provides all possible support for foreign investors and those from Japan in particular.

Source: NDO/VNA