HCM City vows to create optimal conditions for Indian investors
Ho Chi Minh City will create favourable conditions and a better business climate for foreign investors, including Indian entrepreneurs, said Chairman of the municipal People’s Committee Nguyen Thanh Phong on April 22.
Chairman of the municipal People’s Committee Nguyen Thanh Phong. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City willcreate favourable conditions and a better business climate for foreign investors,including Indian entrepreneurs, said Chairman of the municipal People’sCommittee Nguyen Thanh Phong on April 22.
While hosting a reception for General Vijay KumarSingh, Indian Minister of State for External Affairs, Phong hailed the Indianguest’s visit to Vietnam, describing it as a practical activity to celebrate the45th founding anniversary of Vietnam-India diplomatic relations andthe 10th anniversary of the establishment of the strategic partnership.
Vietnam and India have strengthened cooperation in thefields of politics, economy, trade and investment and culture, he added, sayingthat cultural exchanges and cooperation in human resources development havegreatly benefited their people.
However, Phong said the flow of Indian investmentsinto HCM City has failed to match with the potential and desires of both sides.India now ranks 26th out of 80 countries and territories investingin the city with 55.7 million USD poured into 55 valid projects.
For his part, Singh expressed his delight at theprogress of Vietnam-India relations as well as HCM City- India ties.
Leaders of the two countries have a common view inwhich they want bilateral economic cooperation to become a driving factor ofthe two countries’ relations, he said.
Singh affirmed that India would work hard to raise thetwo-way trade value to 20 billion USD by 2020 and encourage India enterprisesto invest in HCM City and neighouring areas.
India looks forward to implementing joint projects andbilateral agreements with the city in the fields of trade, investment, tourism,education and information technology, he noted.
Earlier, Singh attended a show of Indian classicdances in Hanoi on April 21 night where he and Vietnamese officials togetherperformed India’s light-up rituals.-VNA
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Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
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Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
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The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
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Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
Chairman of the municipal People’s Committee Nguyen Thanh Phong. (Photo: VNA) 
