VOV.VN - Vietnam offers an attractive business climate for Indian firms thanks to its political stability, economic growth, and investment incentives, according to insiders.

Indian Ambassador to Vietnam Sandeep Arya on March 15 underlined the need to promote economic, trade and investment cooperation between the two countries, saying that this is a good time for the two sides to intensify similarities, thus fostering development cooperation.

More than 150 Indian firms operating in different spheres attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.

One-fifth of Indian companies that have operations in Southeast Asia or expect to do so have plans to expand their businesses in Vietnam in the next two years.

Up to 21% of Indian firms operating or intending to operate in Southeast Asia plan to expand their business in Vietnam in the next two years, and the ratio is 26% among Chinese enterprises, according to a HSBC survey covering more than 1,500 companies from six of the world’s largest economies.

The Vietnamese Embassy in India, in coordination with chambers of commerce and industry in West Bengal, has organised conferences to further promote trade, investment and tourism of India into Vietnam.

A workshop has been held in the central province of Khanh Hoa, aiming to boost trade cooperation between the central provinces of Vietnam and India.

An online conference to promote investment from India to southern localities of Vietnam was held on December 10 in Binh Duong by the provincial People’s Committee and the Ministry of Planning and Investment (MoIT)’s southern investment promotion centre.

The Ministry of Industry and Trade has urged firms to be cautious when doing business with companies in India that were severely hit by the COVID-19 pandemic.

The southern province of Binh Duong wishes to attract more investments from India, heard an online conference on December 14.