The southern province of Binh Duong wishes to attract more investments from India, heard an online conference on December 14.

The investment promotion conference was jointly held by the provincial People’s Committee and the Indian Consulate General in Ho Chi Minh City.

According to Chairman of the provincial People’s Committee Nguyen Hoang Thao, with 206 projects worth nearly US$900 million, India now ranks 26th among the 129 countries and territories investing in Vietnam.

In Binh Duong alone, India has invested in 10 projects valued at US$116 million, the official said, stressing that the province stands ready to facilitate the operation of Indian firms for the long term, particularly in renewable and high-tech, and pharmacy.

Indian Consul General in Ho Chi Minh City Madan Mohan Sethi said he hopes to help Indian enterprises invest in Binh Duong that has good infrastructure and favourable geographical location.

Vietnamese Ambassador to India Pham Sanh Chau lauded Binh Duong’s efforts in online investment promotion, saying the locality’s dynamic development has drawn great attention from Indian firms.

Participating businesses suggested local authorities attract Indian firms operating in pharmacy and yarn production to serve the footwear and leather sector in Vietnam.

Chairman Thao said Binh Duong always welcomes Indian investors and businesses, and the locality will organise trips for Indian firms to have a better look at the local investment climate after COVID-19.