DPM attends 9th Delhi Dialogue, business round-table in India

Deputy PM, FM Pham Binh Minh and a Vietnamese high-ranking delegation attended the 9th Delhi Dialogue which opened in New Delhi, India on July 4.

Speaking at the opening ceremony, Mr. Minh highlighted that ASEAN and India share political, economic and social benefits in Asia-Pacific and they need to play a more crucial role in maintaining peace, stability and development in the region and the world.

As a coordinator in the ASEAN-India relations in the 2015-2018 period, Viet Nam will join hands with other nations to gradually realize the vision of the strategic partnership, launch the ASEAN 2025 Vision with India's Look East policy and propose next steps of ASEAN-India cooperation in three pillars of politics-security, economics and society-culture, Deputy PM Minh asserted.

ASEAN and India share joint benefits in enhancing free trade and investment as a market of 1.8 billion people with a total GDP of US$4,500 billion will be formed.

The two sides need to exploit huge potentials to create a regional value chain, becoming a force to enhance regional economic integration, actively join the overall plan on ASEAN connection and projects on the construction of highways, harbors, and soon complete negotiations on an Agreement on maritime and aviation transport.

They should also accelerate cooperation in education, tourism, and cultural and people-to-people exchanges, especially among youngsters.

On July 5, Deputy PM, FM Pham Binh Minh attended a business round-table, which attracted the participation of more than 20 largest corporations in India.

At the event, the Deputy PM expressed his hope that Indian businesses will increase their presence in Viet Nam, especially in advantageous areas of India such as airports, railways, energy and renewable energy, agriculture, high technology, services, logistics, tourism, pharmacy and garments.

Viet Nam is making efforts in creating a favorable investment environment for foreign investors, including ones from India and heading to maintain the growth from 6.5-7% per year in the 2016-2020 period, he added.

The Vietnamese Government commits to boosting reforms, completing the legal system in a consistent and transparent way, respecting foreign businesses and investors as well as improving its competitiveness, he affirmed.

Representatives of Indian businesses asserted their interests and desires to launch investment and operation in Viet Nam.

Source: Online Newspaper of the Government of the Socialist Republic of Vietnam