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Home Haryana Vietnam envoy seeks better business ties with Punjab, Haryana

Vietnam envoy seeks better business ties with Punjab, Haryana

Chandigarh, March 12

Vietnam Ambassador to India, Pham Sanh Chau, on Friday sought elevated cooperation with industries and the journey group primarily based in Chandigarh, Punjab, Haryana and Himachal Pradesh.

Each Punjab and Haryana have emerged as important markets sharing financial and touristic potential with Vietnam, he advised the media right here.

“Punjab is a key hub for textile-based industries, together with yarn, readymade clothes and hosiery, pharmaceutical and agricultural merchandise, whose exports function Vietnam amongst India’s prime 15 buying and selling companions in 2019,” he stated.

“Vietnam can also be an excellent honeymoon vacation spot for {couples} within the area and quick changing into fashionable as an ideal vacation spot to rejoice dream weddings.”

Chau stated: “We aspire to forge a optimistic relationship between India and Vietnam throughout a large variety of sectors. From creating Indian enterprise pursuits in Vietnam to working intently with journey businesses in northern India to  enhance tourism, we work to create a beneficial picture of Vietnam by creating financial and touristic actions within the area.”

In distinction to different ASEAN economies, Vietnam has succeeded in maintaining the coronavirus beneath management.

Vietnam has until date reported 1,300 coronavirus instances, maintaining the financial impression of the outbreak to a minimal.

“In the present day (post-coronavirus), Vietnam is changing into Southeast Asia’s single financial success with the nation rising to fourth in nominal GDP within the Affiliation of Southeast Asian Nations (ASEAN) this yr, surpassing Singapore  and Malaysia and gaining on the Philippines (IMF). Rising exports have additionally helped to drive progress, as firms relocate manufacturing from China,” stated the Ambassador.

Vietnam has additionally surpassed its regional rivals Indonesia and Thailand and is the EU’s second-most essential buying and selling companion in ASEAN.

The European Union-Vietnam Free Commerce Settlement (EVFTA) is the second FTA between the EU and an ASEAN nation, after Singapore. Vietnam is the second nation to signal commerce and funding agreements within the area, he added.

Since Punjab, along with Haryana is a significant hub of SMEs encompassing industries that embody meals processing, tractors and auto parts, agro-based elements, bicycle and bicycle elements, sports activities items, gentle engineering items, steel and alloys, chemical merchandise and textiles, they grow to be good buying and selling companions to Vietnam. — IANS

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