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The Lao Cai Provincial People’s Committee, in conjunction with the Vietnamese Embassy in India, the Chamber of Commerce and Industry of Indian Importers, and a few chambers of commerce and associations of India, successfully organised the “Promotion programme on investment, trade, and tourism between India and in Lao Cai – Vietnam” in New Delhi.
H.E. Dang Xuan Phong, Member of the Executive Committee of the Party Central Committee, Party Secretary, Head of the Lao Cai Provincial National Assembly Delegation, Nguyen Thanh Hai, Vietnamese Ambassador to India, Leaders of the People’s Committee, the People’s Council, and Leaders of the Departments, Industry, and Business Associations of Lao Cai Province were present at the conference on behalf of Vietnam. Amarendra Khatua, the former secretary of external affairs of India, Atul Kumar Saxena, the president of the Indian Importers Chambers of Commerce and Industry, as well as more than 80 Indian companies, were present on the Indian side.

Giang Thi Dung suggested several areas of collaboration and investment that Indian businesses could engage in and use in Lao Cai, including tourism cooperation. Lao Cai has many different types of tourism, including spiritual tourism, medical tourism, and landscape tourism. Indian companies can work with local partners in Lao Cai to create distinctive tours that draw tourists from both domestic and foreign markets.

The relationship between Vietnam and India is currently experiencing a period of comprehensive development in all areas, including economy, trade, investment, and tourism, which has emerged as one of the key and quickly-expanding pillars in recent years. However, Ambassador Nguyen Thanh Hai noted that this development is still insufficient to match the stature of the political, cultural, and trust relationship between the two countries, and there is still much room and potential for growth.

One of the most significant forces behind the growth of trade, tourism, and investment between the two countries, in his opinion, is connectivity. There will be 60 weekly direct flights from major Indian and Vietnamese cities to Vietnam by the end of 2023, which will open up a lot of opportunities for the tourism industry. Therefore, Lao Cai’s and other localities’ trade promotion efforts towards India are crucial and important. The Vietnamese embassy in India promotes these activities and sets up all necessary frameworks.

Delegates from India said during the conference that Lao Cai in particular and Vietnam in general are the top tourist and investment destinations for Indians due to their welcoming economies, open business and investment environments, and stunning natural beauty. At the conference, a number of ideas were discussed and decisions were made, including choosing Lao Cai as the location for Indian Bollywood filming, developing Lao Cai as a golf tourism destination for Indians, cooperating in the mining industry, facilitating UPI payments in the local currencies of the two nations, fostering startup cooperation, and organising Indian business delegations to Vietnam and Lao Cai.

SourceTravel biz


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