Giàng Thi Dung, deputy chairwoman of the provincial People's Committee speaks at the conference. — VNA/VNS Photo Ngọc Thúy

NEW DEHLI — Lào Cai has prepared the best conditions to welcome enterprises and investors, particularly those from India, the provincial Party Committee Secretary Đặng Xuân Phong said at an investment, trade and tourism promotion conference between the province and India held in New Delhi on Tuesday.

Phong said that he expects Indian investors will soon come to Lào Cai and play a leading role in developing a herbal medicine processing industrial zone in the province.

Lào Cai is committed to always accompanying and creating favourable conditions for Indian businesses and investors to make successful, sustainable, and long-term investments there, the official said.

Giàng Thị Dung, deputy chairwoman of the provincial People's Committee, briefed participants on the province's strengths, including the famous resort town of Sapa, hundreds of mineral mines with large reserves, and about 850 species of medicinal plants.

In addition, the province is offering incentives and investment support mechanisms to attract foreign investment, she said.

Dung also proposed specific areas of cooperation and investment for Indian businesses, including medicinal herb processing, tourism, high-tech agriculture, and high-tech industry.

Ambassador to India Nguyễn Thanh Hải affirmed that the relationship between Việt Nam and India is prosperous in all fields, particularly in economy, trade, investment, and tourism.

However, he said that the development is still not commensurate with the size of the political, cultural relationship and the high trust between the two countries.

According to him, connectivity is one of the most important drivers for the development of trade, tourism, and investment.

Indian delegates affirmed that Việt Nam and Lào Cai in particular are top destinations for Indian investors and tourists thanks to the open business and investment environment, dynamic economy, friendly people, and outstanding natural beauty.

At the conference, six memorandums of understanding were signed by agencies and businesses from the two countries. — VNS