TBM Staff - Mumbai The “Promotion program on investment, trade and tourism between India and in Lao Cai – Vietnam” was successfully held by the Lao Cai Provincial People’s Committee in collaboration with the Embassy of Vietnam in India, Chamber of Commerce and Industry of Indian Importers and some chambers of commerce and associations of India, in New Delhi.
Attending the conference on the Vietnamese side were H.E. Dang Xuan Phong, Member of the Executive Committee of the Party Central Committee, Party Secretary, Head of the Lao Cai Provincial National Assembly Delegation, Nguyen Thanh Hai, Ambassador of Vietnam to India, Leaders of the People’s Committee, the People’s Council and leaders of the Departments, industry and business associations of Lao Cai province. On the Indian side were Amarendra Khatua – Former Secretary of External Affairs of India, Atul Kumar Saxena President, President of the Indian Importers Chambers of Commerce and Industry, representatives of associations and more than 80 Indian businesses.
Giang Thi Dung suggested a number of fields of cooperation and investment that Indian enterprises can participate in and deploy in Lao Cai including: tourism cooperation: Lao Cai has many diverse tourism forms such as spiritual tourism, medical tourism and landscape tourism. Indian businesses can cooperate with partners in Lao Cai to develop unique tours, attracting visitors from both national and international.
Ambassador Nguyen Thanh Hai affirmed that the relationship between Vietnam and India is at a period of comprehensive development in all fields, in economy, trade, investment and tourism, which is one of the important and fast-growing pillars in recent years, but it is still not commensurate with the stature of the political, cultural and trust relationship between the two countries and there is still a lot of room and potential for development.
According to him, connectivity is one of the most important drivers for the development of trade, tourism and investment between the two countries. By the end of 2023, there will be 60 direct flights per week between Vietnam and India, from major cities of India and Vietnam, creating great opportunities for sectors, especially tourism. Therefore, the trade promotion activities of localities to India, including Lao Cai, are very necessary and meaningful activities. The Vietnamese Embassy in India supports and creates all conditions to support such activities.
Speaking at the conference, delegates from India affirmed that Vietnam in general and Lao Cai in particular are the top destinations for Indian investors and tourists with an open business and investment environment, dynamic economy, friendly people and outstanding natural beauty. A number of ideas were exchanged and decisions were made at the conference such as making Lao Cai a chosen location for filming of Indian Bollywood cinema, an Indian golf tourism destination, cooperation in the mining sector, cooperation in UPI payment in local currencies of the two countries, start-up cooperation, organisation of Indian business delegations to Vietnam and Lao Cai.
