Deputy PM urges Indian businesses to invest more in Vietnam
Deputy Prime Minister Vuong Dinh Hue has urged Indian businesses to invest more in Vietnam, which has joined 10 free trade agreements of key regions in the world.
Indian business representatives expressed their trust in the political and economic ties between the two countries.
At the same time, they were of the opinion that bilateral trade, at US$5 billion at present, does not match both sides’ potential. They pledged to do more to promote long-term investment and trade ties in the time ahead.
Indian businesses noted their wish that the Vietnamese Government help remove difficulties that are hindering some cooperation projects in hydro power, automobile assembling, pumping stations to prevent floods in urban areas, pharmaceuticals and transport infrastructure.