(VOVworld) – Vietnam praised the formation of India’s 100-million-USD fund to help Indian businesses operate their manufacturing and supply chain in Cambodia, Laos, Vietnam, and Myanmar. At an investment promotion conference in New Delhi on Tuesday, Vietnamese Ambassador Ton Sinh Thanh said that India invested in Vietnam 230 million USD last year, bringing its total FDI capital in Vietnam to over 530 million USD. Thanh promised to create the best possible conditions for Indian investors.
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| Vietnamese Ambassador Ton Sinh Thanh delivers a speech at Invest Vietnam 2016. (Photo: VNA) |
Nirmit Ved, Deputy Director of Export Import Bank of India, highlighted Vietnam’s investment potential including high economic growth, strategic location in Southeast Asia, and numerous international trade deals. Vietnam has high-quality labor force, improved infrastructure, tax incentives, low-cost production, and stable politics.