Dr. Le Thuy Trang, Chairman of JBC Group visited and worked with the Consul General of India

Dr. Le Thuy Trang, Chairman of JBC Group visited and worked with the Consul General of India
The two sides discussed about the program to support and connect Vietnam-India businesses in the fields of education and trade.

India is moving towards a country with tremendous opportunity to create jobs not only in existing employment sectors, but also in areas that have not been thought of. However, as India has grown tremendously, we still lack liberal arts colleges in India that can accommodate the large population of the country.

Cooperation on energy and cooperation on information technology has achieved many positive results. The joint venture ENI Vietnam BV in which ENI (Italy) holds 50% shares and ESSAR E&P Limited (India) holds 50% shares has discovered huge potential for gas reserves, estimated at 7 to 9 trillion feet. natural gas (Tcf), equivalent to 200 to 255 billion cubic meters of on-site gas and between 400 and 500 million barrels of condensate at the Ken Bau field located in block 114 of oil and gas in central Vietnam.

Vietnamese and Indian businesses are cooperating and implementing many renewable energy projects (solar and wind power) in Vietnam.

A bright spot in the work of attracting investment from India to Vietnam in 2020 is the fact that HCL Technology Group has announced the establishment of a company in Vietnam. The company starts operations in the first quarter of 2021 with the goal of investing about 650 million USD and training 10,000 engineers in Vietnam within the next 5 years. In contrast, in India, Vietnam's FPT Technology Group has set up an office in the Indian city of Hyderabad.

Online trading sessions have helped Vietnamese businesses become more confident in the international arena, after each trading session we receive more letters of inquiry, letters of request for business connections. These programs have provided both comprehensive and complete information on all industries and details for each specific industry or field.

Online trade programs are attended by a large number of business communities, with the participation of leaders of ministries and sectors of the two countries, researchers, policy makers, scholars, etc. effects on bilateral trade and economic development were discussed such as trade promotion plans during and after the COVID-19 pandemic, through these activities that the governments of India and Vietnam have agreed to. quickly revised legal documents and accepted electronic certificates of origin to reduce difficulties for businesses, so import and export activities were quickly resumed.