(VOVworld) – A conference was held in Chennai City, India on Wednesday to call for investment from Chennai businesses to Vietnam.
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| Vietnamese Ambassador to India Ton Sinh Thanh (Photo: Minh Ly-Dang Chinh) |
Vietnam’s Ambassador to India, Ton Sinh Thanh, said that India’s investment in Vietnam has increased sharply with last year’s capital fetching 570 million USD, up 179% against the previous year, ranking India 28th out of 110 investors in Vietnam.
Ambassador Thanh said Indian investors have a major opportunity because Vietnam has become a member of the ASEAN Economic Community and signed a number of important free trade agreements, especially the Trans-Pacific Partnership Agreement. With these documents, Indian enterprises which invest in Vietnam and export to others can enjoy a tariff of 0%.
The conference is the second of a series of investment promotion activities held by the Vietnamese Embassy in India during 2016.