Upgrading Vietnam-India strategic connectivity.

On the morning of May 7th, continuing his State visit to the Republic of India, after concluding activities in the capital New Delhi, General Secretary and President To Lam and the high-level Vietnamese delegation visited and worked in Mumbai (Maharashtra state).

India is ready to support Vietnam in developing its capital market.

General Secretary and President To Lam visited the National Stock Exchange of India. There, the Chairman of the National Stock Exchange of India, Srinivas Injeti, delivered a welcoming speech, expressing his honor to welcome General Secretary and President To Lam to Mumbai. General Secretary and President To Lam's choice of India, and particularly Mumbai, to meet with the financial community reflects the growing importance of the India- Vietnam cooperation.

General Secretary and President To Lam rang the bell to inaugurate the trading session at the National Stock Exchange of India.

Photo: Vietnam News Agency

The Chairman of the National Stock Exchange of India believes that Vietnamese businesses will receive strong interest from Indian investors. He emphasized that both India and Vietnam are among the fastest-growing economies with young, outward-looking populations, driven by manufacturing and technology, and that both countries place capital markets at the center of their development journeys. Bilateral trade has exceeded $16 billion and continues to grow steadily. The next phase of this partnership will be driven not only by trade but also by capital flows.

According to Mr. Srinivas Injeti, the Indian National Stock Exchange (IDS) is currently the world's largest derivatives exchange by volume, with a total market capitalization of approximately US$5 trillion and over 130 million investors. The IDS is ready to support Vietnam 's capital market development journey and welcomes Vietnamese businesses seeking access to capital in India.

On this occasion, Srinivas Injeti, Chairman of the Indian National Stock Exchange, invited General Secretary and President To Lam to perform the ceremonial ringing of the opening bell for the Indian National Stock Exchange; and to visit the National Trading Operations Room, the Technology Operations Room, and the Cybersecurity Room of the exchange.

Focus on breakthrough collaboration priorities.

Later that afternoon, General Secretary and President To Lam and Mr. Shri Devendra Fadnavis, Chief Minister of Maharashtra, attended the Vietnam -India Business Forum organized by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Confederation of Indian Industry (CII).

Speaking at the forum, General Secretary and President To Lam affirmed that the Vietnam -India relationship is facing a historic opportunity to upgrade to strategic connectivity within new value chains; emphasizing the message: Cooperation between the two countries must be placed within the flow of the most dynamic growth centers and pioneering global trends such as digital technology, artificial intelligence (AI), semiconductors, and green transformation.

General Secretary and President To Lam affirmed that Vietnam is not only an attractive investment destination but also a reliable partner and long-term companion for international businesses. In the reshaping regional economic structure, Vietnam and India are not only two dynamically developing economies but also two important poles connecting Southeast Asia and South Asia within the Indo-Pacific region. The connection between the two economies therefore has not only bilateral significance but also opens up opportunities to access vast markets and emerging value chains.

General Secretary and President To Lam pointed out that it is time for Vietnam -India cooperation to be elevated to a new level – not only expanding in scale, but more importantly, improving in quality, depth, and strategic value. The General Secretary and President urged the business communities of both countries to focus on breakthrough cooperation priorities: expanding trade in a more balanced and sustainable manner, better utilizing the complementarity between the two economies; promoting investment in key future sectors such as information technology, AI, semiconductors, pharmaceuticals, biotechnology, clean energy, logistics, data centers, and research and development; strengthening infrastructure, logistics, aviation, and tourism connectivity, creating conditions for smoother flow of goods, capital, and human resources; and promoting cooperation in training high-quality human resources and knowledge transfer, leveraging the complementary strengths of the two economies.

General Secretary and President To Lam expressed his hope that Vietnamese and Indian businesses would be more proactive and bolder in investing, linking, sharing technology, and expanding markets, transforming meetings, exchanges, and contacts into concrete agreements, contracts, and projects. He affirmed that the Vietnamese Party and State would always stand alongside the business community to make projects, contracts, and cooperation agreements new success stories in Vietnam -India cooperation.

Also on May 7th, General Secretary and President To Lam received the Chief Minister of Maharashtra, Devendra Fadnavis, the Governor of Maharashtra, Jishnu Dev Varma, and representatives of Indian corporations and businesses.

On the evening of May 7th, General Secretary and President To Lam, along with the high-level Vietnamese delegation, departed Mumbai, successfully concluding their State visit to the Republic of India at the invitation of Indian Prime Minister Narendra Modi; and began their State visit to the Democratic Socialist Republic of Sri Lanka at the invitation of Sri Lankan President Anura Kumara Dissanayake from May 7-8.

Source: https://thanhnien.vn/nang-cap-ket-noi-chien-luoc-viet-nam-an-do-185260507222420092.htm