Strengthening Economic Ties: Vietnam-India

In a remarkable event that took place on September 6, 2023, the Embassy of the Socialist Republic of Vietnam in India, in collaboration with the Dong Nai Provincial People’s Committee, orchestrated a significant business matching and trade & investment promotion program. Hosted at the prestigious India Habitat Centre in New Delhi, this event was made possible through a partnership with the Global Trade & Technology Council of India (GTTCI). Its primary objective: to forge stronger economic connections between Vietnam and India.

Ambassador Nguyen Thanh Hai’s insightful address shed light on the countless opportunities ripe for collaboration between these two nations. Dong Nai, a pivotal province acting as the gateway to Vietnam’s thriving Southeast economic region, showcased impressive statistics: fifth in population, third in Gross Domestic Product (GRDP), and sixth in GRDP per capita among Vietnamese administrative units. With over 32 industrial parks, including Long Thanh, An Phuoc, Nhon Trach II, Bien Hoa II, and Amata, Dong Nai is poised for remarkable growth.

The high-level delegation from Dong Nai, led by its Chairman/Vice Chairman, alongside leaders of various departments and over 20 businesses spanning diverse sectors, graced India with their presence from September 6th to 8th, 2023. Their visit aimed to explore collaborative opportunities in agriculture and food processing, rubber, real estate, handicrafts, ceramics, furniture, wooden products, and fertilizers.

The Global Trade & Technology Council of India played an active role, engaging with Vietnamese businesses, participating in product displays, and exchanging innovative ideas. Dr. Gaurav Gupta, the Founder President of GTTCI, reassured the delegation of full support in facilitating collaboration between Indian businesses and government agencies.

Mr. Bui Trung Thuong, Trade Counsellor at the Embassy of Vietnam, celebrated the success of the trade meet, emphasizing its pivotal role in strengthening the economic bonds between Vietnam and India.

This event marks a significant stride toward deeper economic cooperation, promising mutual growth and a brighter future in trade and investment relations for both nations.