Quang Binh offers incentives to Indian businesses

November 29, 2011 | 19:47

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A seminar was held in Quang Binh province on November 29 to introduce its business potential to Indian companies.

Located in central Vietnam, Quang Binh boasts Hon La port in the Hon La Economic Zone which is currently able to receive 20,000 DWT vessels and will increase its capacity to handle 50,000 to 70,000 tonne ships in the future. The province also has National Highway 12A, offering the shortest transport route from Hon La port to Laos and Thailand.

In addition, its Phong Nha - Ke Bang National Park features an extensive and diverse system of natural caves which has great tourism potential.

Representatives from the Ministry of Industry and Trade (MoIT) introduced the economic and trade ties between Vietnam and India, the ASEAN - India Trade in Goods Agreement (AITIGA) and several industries in India.

Representatives from the provincial administration pledged to adopt preferential policies to encourage Indian businesses to invest in Quang Binh.

Since the beginning of this year, the import-export turnover between Vietnam and India has reached roughly $3 billion, up more than 40 per cent over the same period last year. Both countries are striving to reach $7 billion in trade turnover by 2015.

The event was co-organised by the Indian embassy in Vietnam, the Vietnam Chamber of Commerce and Industry, the MoIT and the Quang Binh province’s People’s Committee.

VOV

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