On June 25, Binh Dinh organized a conference to promote investment, trade and tourism development with Indian partners. This was an opportunity for Binh Dinh province to meet and introduce the socio -economic development situation, potential and strengths of the locality to Indian partners in order to enhance investment cooperation between the two sides.
Many potentials and advantages
Binh Dinh Provincial Party Secretary Ho Quoc Dung said that the province has been actively integrating internationally, promoting activities, calling for and attracting foreign investment, trade and tourism , with special attention to Indian investors, businesses and partners. The province has received tourism experts sent by India, strengthened connections with Indian travel companies to support the promotion of Binh Dinh tourism information, thanks to which, more and more Indian tourists know about Binh Dinh.
“Binh Dinh has identified its vision and future development orientation as a center of science and technology, innovation, and an important place for applying artificial intelligence in Vietnam; sustainable economic development based on the pillars of: manufacturing and processing industry, information technology industry and AI; high-quality tourism; organic agriculture and an efficient logistics system. These areas are all strengths of India.
At the same time, the influences and exchanges between Indian and Vietnamese cultures are clearly shown in Binh Dinh, which was once the capital of the Champa Kingdom. I believe that this is the key to attracting the Indian business community, people, and tourists to learn, travel, explore, and seek investment opportunities in Binh Dinh,” said Mr. Dung.
According to Deputy Minister of Planning and Investment Do Thanh Trung, India currently ranks 25th out of 146 countries and territories investing in Vietnam with 407 projects and a total registered capital of over 1.02 billion USD. Of which, Indian investors currently have 4 investment projects in Binh Dinh with a total registered capital of 3.24 million USD.
The Deputy Minister assessed that the investment cooperation relationship between India and Binh Dinh is still modest, not commensurate with the potential and advantages of the parties. There is still a lot of room for investment cooperation in potential sectors, especially in the fields of clean energy, innovation, information technology, digital transformation, healthcare, high-tech agriculture, etc. Deputy Minister Do Thanh Trung affirmed that the Ministry will create all favorable conditions and resolve difficulties and obstacles for Indian enterprises to make successful, sustainable and long-term investments in Binh Dinh province.
Committed to creating all favorable conditions
Mr. Madan Mohan Sethi, Consul General of India in Ho Chi Minh City, said that he had visited Quy Nhon many times and realized that this place has great potential to develop large and small industries in many fields, including manufacturing. The Indian Consulate will support connecting Vietnamese enterprises with leading Indian corporations; facilitate import and export activities and attract investment from diverse fields of India to Vietnam.
Chairman of the Provincial People's Committee Pham Anh Tuan said that Indian enterprises have strengths in the fields of: Artificial intelligence, software technology services, manufacturing, pharmaceuticals, biotechnology, nanotechnology, telecommunications, shipbuilding, aviation... These are the fields that are very suitable for the province's investment attraction orientation.
According to the Chairman of the Provincial People's Committee, the application of artificial intelligence (AI) is an inevitable trend in the world and in Vietnam, AI is developing very strongly and extensively. Therefore, Binh Dinh province has made a breakthrough in leading the country in forming the first complex of research, production and training centers for technology experts in Vietnam. The project has an investment scale of about 2,000 billion VND, expected to employ 20,000 people. Aiming to turn Quy Nhon into the center of artificial intelligence in Vietnam. This complex is also a place to produce software, provide high-tech services, based on AI technology, Internet of Things, Big data...
“India is also gradually attracting global attention, on the way to becoming an AI hub, especially when it comes to technology talent. Therefore, the cooperation in developing this field between the two sides is in line with the needs and cooperation strategy,” said Chairman of the Provincial People's Committee Pham Anh Tuan.
According to Mr. Tuan, Binh Dinh is focusing on developing and completing the transport infrastructure system in the whole province, infrastructure of economic zones, industrial parks; promoting green transformation, digital transformation, transformation of development space...; administrative procedure reform is a top priority.
“With the view of constantly improving and enhancing the quality of the investment and business environment to strive to become an “ideal destination” for domestic and foreign investors. Binh Dinh always considers the legitimate and legal interests and success of investors as its own success. Coming to Binh Dinh, Indian businesses and investors will be given all favorable conditions to successfully implement projects and develop sustainably,” Mr. Tuan emphasized.
At the conference, the two sides signed a number of important memorandums of understanding such as the MoU between the People's Committee of Binh Dinh province and the Consulate General of India in Ho Chi Minh City; memorandums of understanding between relevant associations and enterprises such as the memorandum of understanding between the Binh Dinh Young Entrepreneurs Association and the Indian Economic Trade Organization...
Provincial Party Secretary Ho Quoc Dung hopes that businesses from India will continue to strengthen development cooperation because the two sides have upgraded their comprehensive strategic partnership for many years. At the same time, he hopes that investors will continue to research, survey and promptly choose for themselves potential investment projects in Binh Dinh. "We commit that when investing in Binh Dinh, businesses and investors will be given the most favorable conditions to successfully implement projects and develop sustainably," the Binh Dinh Secretary emphasized. |
Dieu Thuy - Nguyen Hien
Source: https://vietnamnet.vn/binh-dinh-rong-cua-don-doanh-nghiep-an-do-den-hop-tac-dau-tu-2295416.html
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