Prime Minister Pham Minh Chinh referred to Indian Prime Minister Narendra Modi's statement that Vietnam is a pillar in his Act East policy to emphasize the trust and opportunities for cooperation between the two countries.
The Prime Minister attended and spoke at the Vietnam-India Business Forum - Photo: NGOC AN
At noon on July 31st (local time), in New Delhi, during his state visit to India, Prime Minister Pham Minh Chinh attended the Vietnam-India Business Forum. The hall, with hundreds of seats, was completely full, mostly occupied by Indian investors and businesses. Leaders of the Federation of Indian Chambers of Commerce and Industry expressed that India and Vietnam share a historical relationship spanning hundreds of years.A collaborative platform based on trust.
Economic and trade relations form the backbone of the relationship, with significant potential for bilateral trade volume. Both countries possess numerous strengths that can complement each other, benefiting the relationship, particularly in the agricultural sector. Indian Minister of Commerce and Industry Jitin Prasada assessed Vietnam as having a dynamic, developing, and deeply integrated economy. India is very interested in Vietnam's prosperity, which is integrating more deeply into the global value chain, offering immense potential for cooperation. According to Prime Minister Pham Minh Chinh, the history of Vietnam-India relations stems from cultural and religious exchanges over 2,000 years ago, built and nurtured by their leaders. The two countries have always supported and assisted each other, and after more than five decades of diplomatic relations, the upgrading to a Comprehensive Strategic Partnership has opened up new avenues for cooperation, particularly in economics, investment, and trade, which has become a highlight. The Prime Minister expressed his admiration for Indian Prime Minister Narendra Modi's statement at the G20 Summit: Vietnam is a strong pillar in India's Act East policy, based on mutual trust and understanding. By placing Vietnam at the center and acting as a bridge in the Act East policy, it has contributed to promoting Vietnam-India relations, as well as economic relations, to a new level. He thanked Indian businesses for their practical and effective contributions to Vietnam, helping to foster the good friendship between the two countries over the past 50 years. The Prime Minister emphasized that there are five fundamental elements between the two countries that are crucial for strengthening trust, success, and effectiveness: a strong traditional friendship; high political trust; open markets; similar cultures and civilizations; shared ideas; and a common aspiration to build a strong, prosperous nation with rapid and sustainable economic development.
Prime Minister Pham Minh Chinh outlined five pillars of 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 the success of Vietnam.Activate high-potential sectors: technology, pharmaceuticals
He emphasized the spirit of "three together": listening and understanding together; sharing vision, awareness, and action together; and working together, enjoying together, winning together, and developing together. Commitments must be made, and results must be measurable and beneficial to both sides. Accordingly, the head of the Vietnamese government requested that Indian ministries and agencies continue to support, promote, and facilitate Vietnamese businesses investing in India, and that Vietnamese goods have easier access to the Indian market. Both sides should strive to achieve the target of $20 billion USD in bilateral trade per year, develop strategic transportation infrastructure, digital infrastructure, climate change mitigation infrastructure, and social infrastructure; continue to support each other in international forums; open more direct flights between the two countries soon; and strengthen people-to-people exchanges. Regarding Indian businesses, he expressed his hope for continued investment in Vietnam, cooperation in training high-quality human resources, especially in semiconductors, innovation, pharmaceuticals, hydrogen, renewable energy, and digital transformation. Sharing his thoughts on the meeting with investors prior to the forum, which resulted in investment commitments of tens of billions of USD, the Prime Minister hoped for the early formation of a pharmaceutical ecosystem in Vietnam, producing cancer prevention and cardiovascular support drugs; supporting Vietnamese businesses to participate in global value chains and supply chains; and considering Vietnam as a strategic destination. The Prime Minister affirmed that the government will continue to review and reform administrative procedures, simplify procedures, reduce compliance costs, reduce travel time, and increase decentralization and delegation of authority. The government will prepare the best conditions to attract investment, such as transportation infrastructure, electricity supply, and establishing teams to address investors' concerns.Tuoitre.vn
Source: https://tuoitre.vn/viet-nam-la-tru-cot-trong-chinh-sach-hanh-dong-huong-dong-cua-an-do-20240731153809995.htm
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