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India’s investment in Viet Nam hits 4.6 billion USD

India’s investment in Viet Nam in 2006 and 2007 has hit 4.6 billion USD, making India one of the 10 biggest investors in Viet Nam.

The figure was announced at a meeting between Vietnamese Deputy Minister of Trade and Industry Nguyen Thanh Bien and Indian Commerce and Industry Minister Kamar Nath in New Delhi on November 13.

The Vietnamese official said he was pleased about the rapid development of trade relations between the two countries, reaching more than 1 billion USD in the first nine months of this year.

On behalf of the Vietnamese Trade and Industry Minister Vu Huy Hoang, he invited the Indian Minister to visit Viet Nam. Minister Kamar Nath accepted the invitation with pleasure.

Earlier the same day, Deputy Minister Bien met with directors and presidents of Indian leading firms, including the Reliance group and hydro-power, coal, cement and import companies.

Indian entrepreneurs said Viet Nam ’s business environment was stable and that they hoped the Vietnamese government would provide even more favourable conditions to boost relations between the two countries in the future.- (VNA)

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