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Bharat Tex Compendium

Indian investors will be provided favorable climate

07 Jul '07
2 min read

“Vietnam will create favourable environment for Indian companies to do business and investment as India has become one of the top investors in the country”, said Mr. Nguyen Tan Dung, Prime Minister of the Socialist Republic of Vietnam at the meeting organised by the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Vietnam Chamber of Commerce and Industry (VCCI).

The Prime Minister said that the relation between the two countries have considerably increased in last five years and have reached US$ one billion in 2006.

He said “Vietnam wants to find out ways to elevate the traditional relationship with India to a comprehensive strategic partnership in science, technology and education for the sustainable development of the people of both countries”.

India and Vietnam enjoy traditional friendship with 'Ganga – Mekong' connection and have mutual support for the country's development, he added.

“Vietnam has a dynamic economy with a growth of 7-8% for last 20 years and will try to achieve 9% in forthcoming years”, said Prime Minister Tan Dung.

Vietnam supports India's policies on ASEAN and is keen to work closely with India to promote FDI with India, he said.

Inviting the Indian companies to do business in Vietnam he said, “political and social stability of Vietnam will ensure stable business conditions for Indian companies to do business”.

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