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Monday, June 24, 2024

Long An, Dong Nai seek to attract Indian businesses

By Minh Anh

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HCMC – Multiple Indian businesses have visited Dong Nai and Long An provinces to sound out business opportunities there.

On May 23, at the Indian – Vietnam Business Cooperation event, an Indian delegation of 10 businesses in logistics, construction materials, electrical and medical equipment manufacturing, information technology and farm produce processing met and discussed with Vietnamese businesses on business cooperation.

Speaking at the event, Nguyen Thi Diem Quynh, vice director of Long An Province’s Department of Planning and Investment, said that the province had attracted 1,200 foreign direct investment projects with total pledged capital of US$10.3 billion. Of which, around US$215 million has been poured by Indian investors.

Indian projects mainly focus on processing food, agro-products, animal feed and garments, added Quynh.

Long An is oriented to become a major hi-tech agro-product processing and distributing center in the next 10 years and targets to achieve good industrial development in the southern region.

Long An will prioritize attracting investment in supporting industries, processing industry, automation, software, electronics and spare parts manufacturing, semiconductors, Artificial Intelligence and urban development.

Meanwhile, Vice Director of the Dong Nai Department of Industry and Trade Doan Thi Ngoc Van said that in recent years, the province had enjoyed a trade surplus with India, with exports to this market mainly being plastic raw materials, cord fabrics, machinery, equipment and textiles.

Dong Nai also showed interest in investment sectors where India has an advantage, such as information technology, biotechnology, education and healthcare.

Van said that the two sides would have lots of opportunities for business cooperation in the future and expected better business networking between Dong Nai Province and Indian businesses in the years to come.

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