Vietnam offers many investment opportunities for Indian businesses

Vietnam's growing importance in global supply chains represents a huge potential for further strengthening the Vietnam-India relationship, especially in the SME sector which is seen as the the main driver of economic growth in each country.

             This is the common opinion of the speakers attending the Bilateral Trade-Investment Promotion Conference in the online form, with the theme "Promoting trade-investment cooperation opportunities between Vietnamese small and medium enterprises". South-India", by the Trade Office - Embassy of Vietnam in India in collaboration with the government of Uttar Pradesh, the Indian Industry Association (IIA), an agency under the Ministry of Micro, Small and Medium Enterprises India and Hanoi Association of Small and Medium Enterprises (HANOISME) held on the afternoon of February 25.

Speaking at the conference, IIA President Pankaj Gupta said that a number of large Indian enterprises such as Adani Group, Mahindra, chemical group SRF and renewable energy group Suzlon have shown interest in investing. into Vietnam. Indian industries can also look to the potential of establishing businesses in Vietnam in the energy, mineral exploration, agro-chemicals, sugar manufacturing, tea, coffee, information technology and automotive components. Currently, Vietnam is applying attractive incentives for investment such as greater market access, favorable investment policies, many free trade agreements, rapid economic growth, developed infrastructure, etc. strong growth, political stability, low labor costs and a young workforce.