HCM City keen on cooperating with Indian businesses
(VOV) - HCM City is committed to creating highly favourable conditions to support the continued attraction and development of their foreign investment.
Le Manh Ha, deputy chairman of the HCM City People’s Committee, told a group of Indian business representatives at an April 11 meeting.
Ha emphasized that fine political and diplomatic ties between Vietnam and India over the years have laid a solid foundation for trade and investment relations between the two countries, adding that both nations are striving to bring two-way trade turnover to US$7 billion in 2015 and US$15 billion by 2020.
Ha said that HCM city is center stage for the betterment of all-around relations between the two nations, especially in the trade and economic fields with two-way turnover reaching over US$700 million in 2013, noting that India now has 26 investment projects in the city.
For his part, to further develop cooperative relations between HCM City and Indian partners, India’s Consul General in HCM City, Deepak Mittal, said that in 2014, the Indian Business Association in Vietnam will organize seminars to promote investment and trade so that businesses can seek cooperative opportunities.
India will also send delegations of businesses operating in the mechanical, pharmaceutical and oil and gas fields to HCM City to boost investment, he concluded.
Representatives from the Indian Business Association in Vietnam said that HCM City offers good opportunities for Indian partners to implement projects for mutual benefits, adding that, Vietnamese businesses can seek promising business opportunities in India by opening a representative office there.