A workshop was held by the Vietnam Embassy in India and the India – ASEAN – Sri Lanka Chamber of Commerce and Industry in the Indian industrial hub of Chennai on June 1 to promote investment in Vietnam.

The event was attended by representatives from 50 host businesses, including such big names as Ashok Leyland, KCP, Sime Darby Edible Products, Indias, and Millmore Engineering Private Ltd.

Vietnamese Ambassador to India Ton Sinh Thanh visits the KCP company. Source: Vietnam+

Addressing the event, Vietnamese Ambassador to India Ton Sinh Thanh highlighted the potential of southern India, Chennai City in particular, and Indian groups.

In 2015, India was the 28th biggest investor in Vietnam, at 570 million USD, Thanh said.

He underlined the Vietnamese market’s potential for Indian enterprises, particularly the taxation incentives when Vietnam becomes a member of the ASEAN economic community and through recent free trade agreements, particularly the Trans Pacific Partnership (TPP).

Echoeing the Ambassador’s opinion, Muthu Subramaniyan - President of the Chennai-based KCP Company, which has an affiliate in Vietnam, shared with participants the opportunities for Indian investors in Vietnam.

In April, the Embassy of Vietnam in India organised a similar event in New Delhi.

Source: VNA