India – Vietnam Virtual Business Meet

On March 24, 2021, Ambassador Pham Sanh Chau attended and spoke at the India – Vietnam Business Promotion Online Conference organized by Confederation of Indian Industry – CII.

Ambassador Pham Sanh Chau highly appreciated the initiative of the organizing committee to implement this program, which is an important forum for the management agencies, industry associations, Chambers of Commerce and Industry and business communities of the two countries. exchange and discuss mechanisms, policies, investment and business opportunities in each country. The recommendations at the forum last year, when the Covid 19 pandemic was breaking out strongly, countries implemented social distancing, were recognized and implemented by the Governments of the countries, including the acceptance of certificates of origin. E-commerce has brought practical benefits to businesses while promoting bilateral trade

Ambassador Pham Sanh Chau noted Indian businesses about the openness of Vietnam’s economy and the success of the 13th National Party Congress with the development orientation of Vietnam in the next 5 years as well as the goal of bringing Vietnam to the world. South to become developed country by 2045

Areas that Ambassador Sanh Chau wishes Indian businesses should focus on cooperation include supporting industries, information technology and pharmaceuticals.

With the information technology industry, HCL Technology Group, currently holding the 6th position in the Top 10 global information technology service companies, has officially established a company in Vietnam and committed to invest about 650 million USD and is expected to train about 10 thousand engineers and high-tech human resources for Vietnam in the next 5 years, the company’s leadership has been very satisfied with the rapid development after only 6 months of presence in Vietnam. Male. In the opposite direction, FPT Technology Group has opened a representative office in Hyderabad, India.

With the supporting industry, auto parts – motorcycles, this is one of the five key industries that the Trade Office – Vietnam Embassy in India will focus on promoting in the coming time. The Embassy, ​​which has just implemented an investment and trade promotion program in Chandigarh city, has met and interacted with many enterprises producing auto and motorcycle parts here. Previously, the Embassy coordinated with the Uttar Pradesh state government and the Indian Industry Association to organize a trade program on February 25, 2021. Prominent cooperation between Vietnam and India in supporting industries are the cooperation projects between Tata Group of India and TMT Automotive Mechanic Company, and the investment project of Minda Group in Vinh province. Phuc.

In the fields of drugs, pharmaceuticals and medical equipment, Ambassador Pham Sanh Chau said: “The Covid 19 pandemic has shown the importance of the medical field to the health of the global population. Recently, the Embassy is actively working with India’s vaccine production centers such as Serum Institute of India, Bharat Biotech… to exchange information about the purchase of India’s Covid-19 vaccine in the near future. to serve the Vietnamese people and propose the two countries to cooperate in developing vaccines in the near future.” The Embassy wants Indian businesses to invest in modern technological lines to produce in Vietnam, not just for processing and packaging. The Vietnamese government is committed to creating the best conditions for enterprises to produce drugs and pharmaceuticals in Vietnam.

This year’s trade forum has attracted the attention of more than 150 businesses of the two countries.