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EVFTA good opportunity for Indian investors in VN

Update: June, 14/2020 - 11:37


Delegates speak during the online conference. — Photo:

NEW DELHI The EU-Việt Nam Free Trade Agreement is a good opportunity for Indian investors in Viêt Nam, Vietnamese Ambassador to India Phạm Sanh Châu said at an online conference last week.

At the event, jointly held by the Việt Nam Trade Office in India, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), and the HCM City Trade and Investment Promotion Centre, Ambassador Châu said the deal was officially ratified by the Việt Nam National Assembly at its on-going seating.

He said that the garment-textile industry will be one of the five sectors that have opportunities to increase exports to the EU, while calling on Indian companies to boost investment and establish plants in Việt Nam in areas India is strong in such as garment and textiles.

Indian Ambassador to Việt Nam Pranay Verma, for his part, said the two countries’ embassies will intensify cooperation and information sharing, and set up joint working groups to facilitate the work.

According to Verma, the Vietnamese market is potential for Indian businesses which have advantages in garment-textiles, pharmaceuticals, steel, agriculture and information technology.

At the event, participants discussed various issues and assessed the impacts of the COVID-19 pandemic on economies worldwide, including Việt Nam and India, and ways of weathering the crisis. — VNS

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