Last updated: 16:33 - March 2, 2007
Vietnam wishes to attract more Indian investors http://www.nhandan.com.vn/english/business/020307/business_vn.htm
The Vietnamese Deputy Prime Minister Pham Gia Khiem has called on Indian investors to put more money into Vietnam, especially at this point of time when it has become a full member of the World Trade Organisation (WTO).
"The Vietnamese Government will grant you maximum incentives," said Deputy PM Khiem in an interview with "The Hindu" newspaper.
In the article posted on the Indian greatest daily on March 1, the Deputy PM confirmed the improvements in the bilateral trade and investment relations.
The two-way trade increased remarkably to more than US $1 billion in 2006 from just US $697 million in 2005. India is now enjoying a large surplus in the two-way trade with its export value to Vietnam in 2006 standing at US $80 million.
By the end of 2006, India has had 12 effective foreign direct investment projects in Vietnam with a combined registered capital of US $46.4 million, ranking 34th in 73 countries and territories investing in Vietnam. Interestingly, the realised capital has reached US $580 million, which is 13 times higher than the registered capital.
Deputy PM Khiem highlighted the close co-operation between Vietnam and India in defence and security through education and training as well as exchanges of visits and information in counter-terrorism in the region and the world.
He voiced Vietnam's support for and appreciation towards India's contribution to the Southeast Asian countries, saying: "Vietnam hopes for India to contune supporting ASEAN's leading role in the East Asian Summit." (VNA) -------------------------------------------------------------------- © All rights, including design and copyright are owned by NhanDan Online.