Monday, July 15, 2024
  SocialTwist Tell-a-Friend  

NEW DELHI, May 29, 2023 /PRNewswire/ -- Forging stronger ties between the two nations, PHDCCI's delegation in a visit to Vietnam explored the trade potential between India and Vietnam.

The main focus of the visit was centered around understanding India's business ecosystem, providing insights into the Ease of Doing Business capabilities, highlighting opportunities in and building strong business partnerships that will benefit both countries, mutually.

H.E. Mr. SUBHASH P. GUPTA, Deputy Chief of Mission, Embassy of India in Vietnam,  welcomed the PHDCCI delegation and deliberated on the important sectors which holds the promising  scope in building on the trade relationship between India and Vietnam. Mr Gupta invited Indian IT companies to invest in Vietnam's digital eco-system.

As Vietnam is to achieve its target of becoming a net-zero carbon emission country by 2050, it holds immense opportunities for India to further the energy development, build a quality & disaster resilient infrastructure, and water management facilities, among others, added Mr Gupta.

Mr Gupta encouraged Vietnam partners to look for partnerships within India's healthcare sector, as the sector grew to USD 372 billion in 2022 and holds a competitive advantage of learned and skilled doctors, emerging R&D hubs, and cheap lab testing, among others. In our pursuit to become USD 5 trillion economy and increased EoDB ranking India holds an array of opportunities for its Vietnamese partners.

It is time for India and Vietnam to embark long term linkages between the companies of our countries and ensured that Indian Embassy will aid for any investments and businesses between the two nations, concluded Mr Gupta.

Revolutionizing the Climate Game, Dr. Ranjeet Mehta, DSG, PHDCCI highlights the endless opportunities for India and Vietnam to achieve Net Zero carbon economies together.

He stated that India has set a significant target to decrease their carbon footprint by 2030 and ultimately achieve net zero by the year 2070. Vietnam has also expressed a desire to become net zero by 2050, thereby creating an extremely favorable opportunity for both the Indian service sector and Vietnam in terms of sustainability initiatives.

Dr. Mehta extended an invitation to all Vietnamese Businesses to visit India and explore the opportunities for business and investments in India.

Mr. INDRONIL SENGUPTA, Chairman, Indian Business Chamber in Hanoi, Vietnam,  said Vietnam has a very liberal foreign trade policy like tax holidays and attractive land reforms, along with bold government reforms, good governance, strong political system, and reduced entry barriers make Vietnam an attractive Investment destination.

Vietnam is an attractive foreign market for India, with a growing young population of 100 million who are upwardly consumers, added Mr. Sengupta.

Vietnam is the SECOND country with maximum signed FTA's, accounting to 40% of global GDP, making it a hub of international relationships. Indian businesses should invest in Vietnam and take advantage of its international relations and available resources, added Mr. Sengupta.

Vietnam has a great success story in setting up industrial parks and industrial zones with a plug-and-play model, making it especially beneficial for MSMEs to come to Vietnam, added Mr. Sengupta.

H.E. Mr. TRAN QUANG HUY, Director General, Asia and Africa Market Department, Ministry of Industry and Trade, welcomed the distinguished delegates and said Pharma products and services have been received by Vietnamese people as well as medical providers.

Mr. Tran added, the improved healthcare services in India can attract a lot of medical tourism, but the Vietnamese do not have a lot of information about the specialized healthcare services. Better information on healthcare services will aid medical tourism from Vietnam to India.

About PHD Chamber of Commerce and Industry

PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages. The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy advocacy role, positively impacts the economic growth and development of the nation.

PHD Chamber of Commerce and Industry (PHDCCI) is one of the Premier Chambers in India to have been accredited with "Diamond Grade" by NABET(QCI), at national and international level.

PHDCCI has its international office at Bahrain for 6 GCC countries, with 1,30,000 companies as its members base, with a total focus on the development of small and medium businesses. PHDCCI has co-opted National and International Industry Associations and Organisations through over 100 MoUs signed between the parties.

Please visit


Cision View original content:

More News by PR Newswire India


Kushal's Fashion Jewellery Festive Collection, adorned by Tara Sutaria, beautifully combines glamour and elegance

Unilumin Group Signed an Agreement with Saudi Arabia in the Third Belt and Road Forum for International Cooperation

Transport Corporation of India Ltd. (TCI Group) has been recognized as a Maritime Excellence Achiever at GMIS 2023 by The Ministry of Ports, Shipping & Waterways on 19th October 2023

Bitget Introduces 'Futures Quant' With AI Features

Bitget's Q3 Growth: Second-Highest Market Share Surge and Record High for BGB Holders

HarperCollins Publishers India is proud to announce the publication of SPREADING JOY: How Joyalukkas Became the World's Favourite Jeweller by Joy Alukkas with Thomas Scaria and Nidhi Jain

Go Global or Go Home: New Report Reveals Companies Lacking Global Presence Will Lose Growth Opportunities

MOVIN rolls out the second phase of Electric Vehicles in Bengaluru paving the way for greener deliveries in logistics

Motilal Oswal Financial Services Ltd. (MOFSL) launches #CorporateMushaira, an audio-first campaign for the World Investor Week

UBBF 2023 Intelligent IP Network Summit in Dubai an Impressive Success

Placing Them Right: IBS Path to MBA Career Success

HDFC ERGO reiterates its commitment on making health insurance Accessible, Affordable and Convenient with launch of 6 new products and 2 service upgrades

capSpire expands its global footprint with entry into the Singapore market

GTPL Hathway records its highest quarterly revenues from operation

CCTV+: International reporters experience the romance and vitality of Hangzhou, China

STL expands its Enterprise Networking solution portfolio with Estelan

Mantittude: Skincare for Men encourages men to unleash their inner 'Pataka' this Diwali

The 134th Canton Fair Opened with Optimized Structure and Upgraded Scale


Ugreen unveils power solutions and personal data storage at the Gitex Trade Show in United Arab Emirates.

Meridean Overseas Education Consultants Announces Half-Day Leave to Celebrate India vs. Pakistan Cricket Match

Xinhua Silk Road: Huai'an, UNESCO creative city of gastronomy, explores innovative dev. of food industry via premier regional food expo

Xinhua Silk Road: Fengxin County in E. China's Jiangxi celebrates bountiful harvest of kiwifruit

Casio to Release G-SHOCK Watches with Shining Metallic-Colored Dials

UEG Week 2023 : Babies with a low birthweight four times more likely to develop fatty liver disease in later life

CGTN: Diffusion of tea and its culture along the Silk Road

NEOM announces Leyja, its latest sustainable tourism destination

Expand North Star 2023 kicks off in Dubai gathering game-changing start-ups to accelerate on global stage

World Health Summit kicks off in Berlin

Hexaware Technologies announces new office in Dehradun to bolster its global delivery network

Chinese automotive industry has overtaken to supercars

Participants of the Made in Russia business mission to India held more than 150 negotiations with local importers and distributors

Rummy Passion Raises the Bar: Instant Withdrawals Now Available for All Tiers

Odisha: Lord Jagannath, siblings placed ...
Heavy rain lashes parts of Delhi; many a...
Home Minister speaks to CMs of Assam, UP...
BJP workers stage protests against Delhi...
After this government came into power, d...
Jharkhand Chief Minister Soren meets Pri...
 Top Stories
Sopra Steria launches an internatio... 
Rustomjee Group Unveils 'Ocean Vist... 
Lanka Premier League 2024: Gurbaz-S... 
Bulkcorp International receives in-... 
Union Sports Minister inaugurates B... 
Mari State University Celebrates MB... 
Pakistan: 3 die as car plunges into... 
Russian Army marches on 'Made in Bi...