Vietnam and India see advantages and potential for bilateral cooperation in developing manufacturing industries such as mechanics, electricity, electronics, digital technology, and energy, experts said at a trade connectivity conference held in Ho Chi Minh City on July 18.
Semiconductor company Amkor’s additional investment of 1.07 billion USD has helped to strongly increase the total figure for foreign direct investment (FDI) pledges to Vietnam in the first six months of 2024.
President welcomed Indian corporations to invest in Vietnam in strategic sectors as oil and gas, infrastructure, seaports, and emerging fields like digital transformation, artificial intelligence, semiconductors, clean energy, and energy transition.
Frozen shrimp continued to be the top export item, both in quantity and value India's seafood exports achieved a record high in volume for the financial year 2023-24.
Minda Corp successfully signed a joint venture agreement with HCMF aimed at manufacturing sunroof and closure technology products for passenger cars by localisation in India.
India, despite a projected slowdown this year, will continue to be the world's fastest-growing large economy, according to the World Bank's latest Global Economic Prospects report.
The Indian pharmaceutical market is flourishing, driven by strong R&D and a strategic focus on ASEAN and India for exporting to European and US markets. Leading this charge is RV Group, an INCHAM Corporate Member.