Vietnam is a pillar in India's 'Act East' policy

Prime Minister Pham Minh Chinh mentioned the statement that Vietnam is a pillar in Indian Prime Minister Narendra Modi's Act East policy to emphasize the trust and cooperation opportunities between the two countries.

The Prime Minister attended and spoke at the Vietnam - India Business Forum - Photo: NGOC AN

At noon on July 31 (local time), in the capital New Delhi, as part of his state visit to India, Prime Minister Pham Minh Chinh attended the Vietnam - India Business Forum. The hall with hundreds of seats was full, mostly filled with Indian investors and businesses. The leader of the Federation of Indian Chambers of Commerce and Industry expressed that India and Vietnam share a historical relationship of hundreds of years.

A collaborative platform based on trust

In which, economic and trade relations are the backbone, with the trade turnover of the two countries still having much potential. The two countries have many strengths, can complement each other, beneficial for the relationship between the two countries such as the agricultural sector. Indian Minister of State for Commerce and Industry Jitin Prasada assessed that Vietnam has a dynamic, developing, and deeply integrated economy. India is very interested in the prosperity of Vietnam, which is integrating more deeply into the global value chain with huge potential for cooperation opportunities. According to Prime Minister Pham Minh Chinh, the history of Vietnam - India relations originated from the process of cultural and religious exchange more than 2,000 years ago and was built and nurtured by leaders. The two countries always support and help each other and after more than 5 decades of establishing diplomatic relations, the upgrading of the Comprehensive Strategic Partnership has opened up new cooperation space, especially economic, investment and trade cooperation has become a bright spot. The Prime Minister was impressed by the statement of Indian Prime Minister Narendra Modi at the G20 Summit: Vietnam is a strong pillar in India's Act East policy, based on trust and mutual understanding. By placing Vietnam at the center, the bridge in the Act East policy has contributed to promoting Vietnam - India relations, as well as economic relations to a new height. In which, he thanked the practical and effective contributions of Indian enterprises to Vietnam, helping to foster the good friendship between the two countries over the past 50 years. The Prime Minister emphasized that there are 5 very important fundamental factors between the two countries to enhance high trust, success and efficiency. These are: good traditional friendship; high political trust; open market; similar culture and civilization; shared ideas; shared aspirations to build a strong, prosperous country, with rapid and sustainable economic development.

Prime Minister Pham Minh Chinh outlined five foundations for cooperation between the two countries - Photo: NGOC AN

Sharing Vietnam's development achievements and development perspectives, the Prime Minister emphasized that the success of foreign investors is Vietnam's success.

Activate potential areas: technology, pharmaceuticals

He raised the spirit of "3 together": listening and understanding together; sharing vision, awareness and action together; doing together, enjoying together, winning together and developing together. Once committed, we must do, and if done, we must have results, we must "weigh, measure, count" and bring benefits to both sides. Accordingly, the head of the Vietnamese Government requested Indian ministries and branches to continue to support, promote and create conditions for Vietnamese enterprises to invest in India, and for Vietnamese goods to access the Indian market more conveniently. The two sides strive to achieve the target of bilateral trade turnover of 20 billion USD/year, develop strategic transport infrastructure, digital infrastructure, climate change response infrastructure, and social infrastructure; continue to support each other at international forums; soon open more direct flights between the two countries; and enhance people-to-people exchanges. For Indian businesses, he hopes to continue investing in Vietnam, cooperating in training high-quality human resources, especially in semiconductors, innovation, pharmaceuticals, hydrogen, renewable energy, digital transformation, etc. Sharing about the meeting with investors taking place before the forum with investment commitments of up to tens of billions of USD, the Prime Minister hopes to soon form a pharmaceutical ecosystem in Vietnam, producing cancer prevention and cardiovascular support drugs; supporting Vietnamese businesses to participate in global value chains and supply chains; considering Vietnam a strategic destination. The Prime Minister affirmed that he will continue to review and reform administrative procedures, simplify procedures, reduce compliance costs, reduce travel time, increase decentralization and more delegation of authority. Prepare the best conditions to attract investment such as transport infrastructure, power supply, establish teams to resolve investors' problems, etc.

Tuoitre.vn

Source: https://tuoitre.vn/viet-nam-la-tru-cot-trong-chinh-sach-hanh-dong-huong-dong-cua-an-do-20240731153809995.htm