Speaking at the event, Chairman of the HiTech Group of Companies Deep Kapuria said India is now the 25th largest investor in Vietnam and hoped that Vinh Phuc will offer all possible support to Indian investors in the locality. 
Chairman of the HiTech Group of Companies Deep Kapuria delivered speech at the event
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In his speech, Vietnamese Ambassador to India Ton Sinh Thanh said 2017 marks the first year that Vietnam and India have embarked on comprehensive strategic partnership and the 45th anniversary of bilateral diplomatic ties.
India’s foreign direct investment in Vietnam doubled in 2015 and surged 64 percent in 2016. In the first eight months this year, the amount increased 5 percent from the same period last year to 98.7 million USD.
Vietnamese Ambassador to India Ton Sinh Thanh said at the event
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In January-August, two-way trade soared 42 percent year-on-year and is likely to top 10 billion USD in 2017. Thanh said Vinh Phuc is one of the top 10 provinces in terms of competitiveness index and ranks second in the north thanks to favourable geographical location and transport.
Chairman of the Vinh Phuc provincial People’s Committee Nguyen Van Tri made speech at the event
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Vinh Phuc calls for Indian investment in automobiles, motorbikes and electronic spare parts, software, pharmaceuticals, urban development, hotels, ecological tourist and entertainment areas, education-training, health care, clean agriculture, infrastructure in industrial parks, clean water supply, wastewater and industrial and household sewage treatment, he said.
Indian enterprises and investors expressed their interest in business environment in Vietnam and Vinh Phuc in particular and found out more about local potentials, strengths and incentives.
