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With the support of the Consulate General of India in Ho Chi Minh City, a Virtual Webinar “Rebooting Vietnam post Covid 19” has been organized by the Venable Management Services in Bangalore on Saturday, 17th July 2021. The Webinar’s goal is to build awareness among Indian enterprises about the broad array of emerging investment opportunities in Vietnam especially in the wake of new reality post Covid 19.
Dr Madan Mohan Sethi, Consul General of India participated and addressed at this webinar. He, in his remark mentioned that Vietnam is now growing fast in comparison to other countries. He complimented Vietnam for handling the covid crisis last year and expressed confidence that HCMC will contain the recent surge in infections.
According to him, political stability, good knowledgeable labour force, excellent infrastructure and welcome policies for investors that have helped Vietnam in getting about 29 billion USD in last year as investment. He mentioned that sectors like smart agriculture, manufacturing, infrastructure development, renewable energy, service sector like education, hospitality, tourism and IT where Indian companies can invest. He spoke on the potential of investment in Kien Giang province like marine sector, agriculture, hospitality and tourism development. He assured all support to Indian investors in this regard.
The representatives from investment, trade and business promotion organizations of Vietnam were also participated and addressed at the webinar. Ms Dang Thi Ngan Ha from the Investment Promotion Centre of South Vietnam (IPCS) briefed of investment climate and foreign investment outlook in Vietnam.
Ms Nguyen Duy Linh Thao, Director of Kien Giang province’s Investment, Trade and Tourism Promtion Centre (KITRA) highlighted Kien Giang’s strength and potential for inviting FDI, as well as bilateral cooperation between India and Kien Giang in fishery, tourism sectors. According to KITRA, India’s ION Exchange Company signed an MOU for investing 100% of FDI in the wastewater treatment plant project in Rach Gia city. The investment scale is 550ha, and the estimated investment capital is 900 billion VND (USD 38 million).
According to Vietnam’s Foreign Investment Agency, as of June 2021, India has 304 valid projects with total invested capital of US$ 910.01 million, ranking 26th among countries and territories investing in Vietnam. Major sectors of Indian investment are energy, mineral exploration, agro-processing, sugar, tea, coffee manufacturing, agro-chemicals, IT and auto components.
Investment Promotion Centre – South Vietnam
Department of Information and Documentation