CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
India eyes investments in Vietnam
14:10, 2015/07/26
The Indian Ministry of Commerce and Industry will push clearance for the structure to promote investments in Cambodia, Laos, Myanmar and Vietnam (CLMV), according to local newspaper.
The Live Mint newspaper on July 23 quoted Finance Minister Arun Jaitley as saying that the “Act East” policy of the National Democratic Alliance was intended to cultivate extensive economic and strategic relations in Southeast Asia. 
“In order to catalyse investments from the Indian private sector in this region, a project development firm will, through separate special purpose vehicles, set up manufacturing hubs in CLMV countries”, he said. 
 
Indian Finance Minister Arun Jaitley.
Indian Finance Minister Arun Jaitley.
The project development company will be managed under the Global Procurement Consultants Ltd, a consulting firm promoted by the Export-Import Bank of India (Exim Bank). 
The subsidiary will create a number of special purpose vehicles with private entities, acquire a special economic zone or industrial park, develop it and then allocate space in it to business entities in India against payments. 
Vietnam is expected to be the first destination for investment in which a textile industrial park could be developed. 
In addition, Vietnam is among 12 member nations joining ongoing negotiations for the Trans-Pacific Partnership agreement. 
India hopes its presence in Vietnam would smooth the way to enter the markets of developed member countries, including the United States and Canada. 
Indian exports to the CMLV nations surged 38 percent to 6.4 billion USD in 2013-2014 while imports reached 4 billion USD, up 4.2 percent year-on-year. 
The four nations are among the fastest growing economies in the region, particularly in the agriculture sector.
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.