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Bilateral FTA with India welcomed - PM Nguyen Tan

Jul '07
Confederation of Indian Industry (CII) and Vietnam Chamber of Commerce and Industry (VCCI) organized an exclusive meeting with H E Mr. Nguyen Tan Dung, Prime Minister of the Socialist Republic of Vietnam.

India is among the top ten investor countries in Vietnam , especially after the investments by the Tata Group and Essar, said the Vietnamese Prime Minister. He said his visit was 'aimed towards consolidating the existing relationship between India and Vietnam, by continuing to work together, as also to ensue that the relationship remains strong and vibrant in the future.

In his Keynote Address, H E the Prime Minister put forward two reasons which made Vietnam important for Indian business – one, it had a young population which was growing in numbers, this would make it 'a big market' in the coming days, as also the fast track economic growth in a safe liberal economic environment, which made it an attractive destination for Indian investments.

However, the Vietnamese P M said the potential that existed for trade and business relations between the two traditional friendly countries was far in excess of what it actually was at present. "We can do more to step up economic cooperation and increase investment for mutual benefit of both countries," he added.

The Vietnamese P.M. expressed support for India's 'Look East' policy, as also for India 's engagement with ASEAN, of which Vietnam was a member country. He mentioned the Free Trade Agreement which India was negotiating with ASEAN, where he assured India of all support from Vietnam . He further added that Vietnam was also open to a bilateral FTA with India .

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