National Assembly Chairman Vuong Dinh Hue (R) and Speaker of the Indian Lok Sabha (the lower house) Om Birla in a meeting in Hanoi in April 2022 (Photo: VNA). Hanoi (VNA) - The Vietnam Academy of Social Sciences (VASS) and the Indian Council of World Affairs (ICWA) on May 26 jointly organised a dialogue themed “Strengthening the Vietnam-India comprehensive strategic partnership". India n Ambassador to Vietnam Rranay Verma said the two countries have been committed to addressing common challenges such as climate change and poverty, towards promoting sustainable development and inclusive growth. comprehensive strategic partnership between the two nations has helped open new cooperation areas including aerospace, biotechnology, automobile industry, and renewable energy; and promoting the establishment of cooperation mechanisms in encryption technology, UN peacekeeping, and trade and investment. dialogue , delegates from the two countries focused their discussion on ways … [Read more...] about Vietnam, India boost comprehensive strategic partnership
India vietnam trade
Indian investors likely to expand presence in Vietnam
The survey covers more than 1,500 companies from six of the largest economies in the world, including China, France, Germany, India, the UK and the US – all of which have operations in Southeast Asia. The survey gauges their sentiment on doing business in Southeast Asia, with a particular focus on trade, digitalisation, and sustainability. On the advantages side, three out of 10 surveyed companies found Vietnam’s skilled workforce to be the most attractive feature of the market, while 27 per cent of respondents were attracted by the country’s optimistic economic outlook, competitive wage prices, and the resilience demonstrated by Vietnam during the pandemic. It is worth noting that 39 per cent of Indian companies favoured the market thanks to developed infrastructure and 49 per cent favoured Vietnam's supportive government and regulatory environment. About 36 per cent of US companies were very attracted by the opportunity Vietnam affords to test and develop new products and … [Read more...] about Indian investors likely to expand presence in Vietnam
Vietnam remains attractive to int’l investors: HSBC
Illustrative image (Photo: VNA) HCM City (VNA) - Up to 21 percent of Indian firms operating or intending to operate in Southeast Asia plan to expand their business in Vietnam in the next two years, and the ratio is 26 percent among Chinese enterprises , according to a HSBC survey covering more than 1,500 companies from six of the world’s largest economies – all of which have operations in Southeast Asia. Regarding advantages of Vietnam, three out of 10 surveyed companies pointed to skilled workforce, while 27 percent cited competitive wage prices and proven economic resilience in response to the pandemic. Currently, 39 percent of Indian companies stated they were attracted by Vietnam’s infrastructure, while 39 percent of US firms said that they are keen on opportunities to develop and test new products/solutions in the market. Particularly, 49 percent of surveyed firms, mostly from China, India and the US, said that they hope to make use of the EU-Vietnam Free … [Read more...] about Vietnam remains attractive to int’l investors: HSBC
IPEF should treasure openness, inclusiveness and transparency: foreign ministry
The regional framework should be in line with international laws and ASEAN Centrality. Vietnam has highlighted the role of international economic initiatives when talking about the Indo-Pacific Economic Framework (IPEF) which was launched by the US three days ago. “Vietnam has joined a number of international economic initiatives that help make the most of domestic and foreign resources, serving the country’s development,” Spokesperson Le Thi Thu Hang of the Ministry of Foreign Affairs (MoFA) said today. Hang made the statement at the press conference on May 26 when talking about Vietnam’s participation in the launch of IPEF through a speech delivered by Prime Minister Pham Minh Chinh. Chinh said the launch of IPEF will kickstart a serious discussion in exchange of ideas towards addressing critical regional and global issues together, issues that no one can address on their own like ones on a global scope – supply chains diversification and resilience, technological … [Read more...] about IPEF should treasure openness, inclusiveness and transparency: foreign ministry
☕ Afternoon briefing on May 26
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 26. Deputy Prime Minister Le Minh Khai works with WTO Deputy Director-General Zhang Xiangchen (Photo: VNA) - Deputy Prime Minister Le Minh Khai visited the headquarters of the World Trade Organisation (WTO) in Geneva and worked with its Deputy Director-General Zhang Xiangchen on May 25 afternoon (local time). Read full story Participants at the forum (Photo: VNA) - Vietnam wants to see more investment from the United Kingdom in hi-tech agriculture, from cultivation to processing, preservation and distribution of farm produce and foods, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien. Read full story - A visiting high-level delegation from Ho Chi Minh City on May 26 held talks with a delegation of the Lao capital Vientiane, headed by Chairman of the municipal People’s Council Anouphap Tounalom. Read full story - The Corporate … [Read more...] about ☕ Afternoon briefing on May 26