The event drew the participation from leading Vietnamese firms such as Vingroup, Vietnam Airlines, Vietravel, Intech Group and VitaDairy, alongside senior officials from Karnataka Udyog Mitra (KUM), the state’s investment promotion agency.
In his opening remarks, Vietnamese Trade Counsellor in India Bui Trung Thuong highlighted the strategic significance of the seminar amid growing bilateral economic ties. He noted that Vietnam–India trade reached a record high of 16.46 billion USD in 2025, increasing more than 70-fold over the past 25 years.
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Business representatives attend the seminar. |
Vietnamese enterprises are also shifting from trade to direct investment in India, with notable projects already underway in Tamil Nadu and Telangana. The Vietnam Trade Office pledged continued support and connectivity for Vietnamese investors exploring opportunities in Karnataka and the wider Indian market, he added.
At the seminar, a KUM representative presented an overview of the state’s investment climate, stressing Karnataka’s status as one of India’s top FDI destinations. With an economic scale of 331 billion USD and annual growth exceeding 11%, the state boasts a dynamic innovation ecosystem and is widely regarded as India’s “Silicon Valley”, leading the country in technology development and startup activity.
For the 2025–2030 period, Karnataka has introduced various incentives, including investment cost support, production-linked incentives, workforce development assistance and sustainable infrastructure policies, creating favorable conditions for foreign investors, including Vietnamese companies. The state is also planning to send a high-level delegation to Vietnam in 2026, marking its first official visit and opening new prospects for direct engagement and stronger investment flows.
In the discussion session, Vietnamese enterprises raised questions on investment procedures, policy incentives, site selection and opportunities to join local supply chains. KUM officials reaffirmed their commitment to providing comprehensive support for Vietnamese investors.
The seminar offered a comprehensive view of investment prospects in one of India’s most dynamic states while helping Vietnamese businesses shape clearer strategies to expand their global footprint and deepen engagement in international markets.
Source: VNA