Dong Nai hopes to attract Indian investors
The southern province of Dong Nai on December 13 organised an investment promotion conference to attract investors from India.
So far, the province has attracted investors from 44 countries and territories with 1,550 projects worth a combined registered capital of US$33 billion. However, there is no project by Indian investors.
Trade between enterprises in Dong Nai province and India now reaches about US$800 million yearly.
According to statistics, enterprises in Dong Nai export to India mostly fabrics, machines, equipment, spare parts, footwear, iron/steel products, textiles, rubber, coffee, and pepper. They import plastics, chemicals, animal feed, raw materials, textile fibers, cotton of all kinds, and pesticides from India
Nguyen Thi Hoang, Vice Chairwoman of the provincial People's Committee, said that Indian businesses have strengths in fields including information technology, biotechnology, education, and health care which the province hopes to call for investment in.
She said that the province will support Indian investors to facilitate the investment.
Indian Consul General in Ho Chi Minh City Madan Mohan Sethi said an Indian business delegation is expected to visit the province soon to learn about the investment environment.
He also invited provincial leaders and a Dong Nai business delegation to visit India in 2023 to promote cooperation activities.