About 40 Indian businesses attended the event.

Representatives of the Binh Dinh Provincial People’s Committee and the Indian General Consulate in Ho Chi Minh City signed an MoU for cooperation at the conference. (Source: VNA)

Secretariat of the provincial Party Committee Ho Quoc Dung said that the province strives to become a hub of science technology, innovation, and an important place to apply artificial intelligence (AI) in Vietnam.

It targets sustainable economic development based on the pillars of the manufacturing and processing industry, information technology industry, AI, high-quality tourism, organic agriculture, and effective logistics system, which are all India's strengths.

Indian Consul General Madan Mohan Sethi said that many Indian businesses and investors are exploring the Vietnamese market to seek investment and cooperation opportunities. His office is ready to support connecting Vietnamese businesses with leading Indian corporations.

Chairman of the Binh Dinh Provincial People’s Committee Pham Anh Tuan said that the province has established a working group to support businesses in the early stages when they invest in the province.

At the conference, the two sides signed a Memorandum of Understanding (MoU) for cooperation, while their associations and agencies also inked others on tourism and forestry.

In the first five months of this year, Binh Dinh’s export values are estimated at 736.9 million USD, up 19.6 per cent year over year. Of that, the province’s exports to India reached 1.1 million USD, mainly cassava roots and products, fruits, wood, wooden products, garments, machinery, equipment, and spare parts.