Many opportunities for Lam Dong - India trade cooperation

“In its development goals, Lam Dong always wishes to expand cooperation activities with India” - That was the affirmation of Acting Secretary of the Provincial Party Committee Nguyen Thai Hoc when receiving Mr. Sandeep Arya - Indian Ambassador to Vietnam during his visit and work in Lam Dong.

Mr. Sandeep Arya - Ambassador of India to Vietnam and his colleagues took a souvenir photo with Comrade Nguyen Thai Hoc - Acting Secretary of the Provincial Party Committee and leaders of Lam Dong province during their visit and work in Lam Dong.

• PROMOTING TOURISM AND CULTURAL EXCHANGE

Last September, Love in Vietnam - the first film co-production between India and Vietnam supported by the Indian Consulate officially started filming in Da Lat. Love in Vietnam was made to promote tourism, life, people, and beautiful landscapes of Vietnam in general with 75% of the scenes filmed in Vietnam and 25% filmed in India. Captain Rahul Bali - the film producer informed: "With the beautiful landscapes of Da Lat, we chose this as the location to start filming and perform the first scenes. And the story of culture, cuisine , art, and people of Da Lat will appear a lot in this film". This is one of the good signs, because with the "support" of cinema, the comprehensive cooperation activities between Lam Dong and India will have many more steps forward.

Previously, Lam Dong province and India also had many activities to promote tourism and cultural exchanges. Lam Dong not only welcomed Indian art troupes to perform in the province, but many tourism businesses in the province also proactively carried out activities to promote cooperation between the two sides. These activities received great support from the Lam Dong Provincial People's Committee and the Consulate General of India in Ho Chi Minh City. Notably, PINI Tourism Complex Investment and Development Joint Stock Company - Lien Minh Group organized the "Seminar to survey cooperation opportunities between Vietnamese and Indian travel businesses" and "Seminar to connect and promote tourism in Lam Dong - India". These activities were attended by leaders of Lam Dong province and representatives of the Consulate General of India in Ho Chi Minh City along with many businesses from both sides. On that basis, memorandums of understanding between businesses in the tourism industry of the two sides were signed. For example, Samten Hills Da Lat Joint Stock Company coordinated with local authorities to organize a series of cultural and tourism exchange activities with a group of artists and businessmen from the Federal Territory of Ladakh (India) with the participation of Mr. Tashi Gyalson - Chairman, Head of the Executive Board of the Ladakh Mountain Development Council, Leh. The series of activities promoted cultural exchange between the two sides, contributing significantly and meaningfully to the event celebrating the 130th anniversary of Da Lat's formation and development and receiving the title of UNESCO Creative City in the field of Music; at the same time, creating conditions for Lam Dong and Ladakh tourism businesses to connect and expand cooperation opportunities. And in early 2024, on the occasion of the Summit India delegation visiting and working in Lam Dong province, the Company organized a meeting "Exploring cultural, trade and tourism opportunities" with the participation of the Consulate General of India in Ho Chi Minh City, leaders of the Department of Culture, Sports and Tourism, Center for Investment Promotion, Trade and Tourism...

The Consulate General of India in Ho Chi Minh City also coordinated with the People's Committee of Lam Dong province to welcome a delegation of artists and a delegation of Indian travel companies to survey the actual tourist areas, destinations, and typical tourism products of Lam Dong province and attend the Conference "Introducing Halal Tourism Industry Standards and Exchange, Connecting and Cooperating with Indian Travel Companies". The program has created favorable conditions for tourism service businesses in Lam Dong province to actively and creatively implement diverse and creative tourism stimulus activities; survey, research, develop new products, expand tours and tourist routes to India; proactively connect to introduce and promote Lam Dong tourism brand to Indian partners...

• MUCH ROOM IN TRADE COOPERATION

Based on the proposal of the Ladakh Mountain Development Council, Leh (India), in November 2023, Lam Dong province agreed on the policy of promoting cultural, economic, trade cooperation activities... between Lam Dong province and Leh province (Ladakh Federal Territory, India) based on the potential, strengths and cooperation needs of both sides. To promote cooperation, Lam Dong Provincial People's Committee and the Consulate General of India in Ho Chi Minh City organized conferences on "Potential investment opportunities in Lam Dong province and cooperation with India in the agricultural sector"; "Conference on business and investment cooperation between Lam Dong province and India" with the participation of hundreds of businesses. Through these conferences, Indian partners and businesses identified the potential and evaluated the products of Lam Dong enterprises as being of good quality, highly compatible, suitable for the capacity and import needs of Indian businesses. Many businesses have signed contracts in principle and memorandums of understanding on product consumption; some businesses have negotiated more deeply on prices, discount rates, payment methods, product imports, etc.

According to the assessment of the Provincial People's Committee, India is currently the province's second largest export market (after Japan), one of the countries importing the most alumina and the locality's largest raw silk market. In 2023, Lam Dong's export turnover to the Indian market reached 132.34 million USD, including: alumina (71.36 million USD), raw silk (56.77 million USD), coffee (4.19 million USD), fresh flowers (0.02 million USD); import turnover reached 3.29 million USD with the following items: cereals, various nutritional seeds, animal feed, chemicals... In the first 9 months of 2024, Lam Dong's export turnover to India reached 55.75 million USD, accounting for 7.35% of the province's export value; import turnover reached 1.41 million USD.

India is a key international tourist market of Lam Dong province. The number of Indian visitors accounts for about 1.2% (about 5,000 visitors) of the total number of international visitors to Lam Dong province.

Comrade Pham S - Vice Chairman of the Provincial People's Committee informed that Lam Dong province is currently strengthening cooperation with India to exchange information and expand the market for the province's key agricultural products such as coffee, artichoke tea, agricultural products, flowers, medicinal products, etc., especially those that have met Halal standards. Lam Dong province also encourages Indian investors to form joint ventures and partnerships with enterprises implementing projects in the province to develop the scale and capacity of investment projects. Call for investment in developing industrial clusters, especially in the field of production and processing of medicinal materials. In addition, Lam Dong province also promotes activities to promote tourism and culture of Lam Dong - Vietnam in India. At the same time, promote cooperation in developing new tourism products, survey and develop new flights to attract tourists from both sides.

Receiving Mr. Sandeep Arya - Ambassador of India to Vietnam during his visit and working in Lam Dong, Acting Secretary of the Provincial Party Committee Nguyen Thai Hoc hoped that in the coming time, the Ambassador would continue to be a bridge to connect Indian organizations and businesses to explore investment cooperation opportunities with Lam Dong province.

Mr. Sandeep Arya - Ambassador of India to Vietnam affirmed: The Embassy of India and the Ambassador himself will always pay attention, support and help Lam Dong province connect with Indian organizations, businesses and investors to increase investment cooperation and people-to-people exchange between the two sides, especially in the fields of: importing alumina from Lam Dong, developing and applying artificial intelligence (AI), training human resources through the ITEC Scholarship Program of the Government of India, connecting heritage and Buddhism, developing cooperation in tourism and ready to support the development of direct flights from India to Da Lat... thereby deepening the comprehensive strategic partnership between Vietnam and India.

Source: http://baolamdong.vn/kinh-te/202410/nhieu-du-dia-hop-tac-thuong-mailam-dong-an-do-8fe32ae/