Vietnam, India to cooperate in joint venture projects

The Vietnam Chamber of Commerce and Industry in Ho Chi Minh City and the Federation of Indian Chamber of Commerce and Industry held a conference on June 26 to promote cooperation and joint investment projects between Vietnam and India.

Up to now, 150 Indian enterprises have invested in Vietnam and India ranks 30th out of 101 countries that are investing in Vietnam.

At the conference, the Indian side hoped that Vietnam would further strengthen cooperation between the two countries in various fields such as textiles and food products.

In the textile sector, India is strong in the fabrics and materials sector and Vietnam has strength in production of textiles and hence this provides a good opportunity for the textile industry to develop jointly.

The food sector too is huge in India and the domestic food market is expected to reap nearly US$258 billion by 2015.

Currently, India is encouraging Vietnam to enhance research and investments in the food processing sector in India.

By Thuy Hai – Translated by Huyen Huong

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.