Capital encourages Indian investment in Hoa Lac Hi-tech Park

July 05, 2023 3:55 PM GMT+7

VGP - Ha Noi is calling upon Indian companies with expertise in information technology to increase their investment in the Hoa Lac Hi-Tech Park, an area the city is actively developing, said Mr. Dinh Tien Dung, the Secretary of the Ha Noi Party Committee, during a meeting with Sandeep Arya, India's Ambassador to Viet Nam on July 4.

Capital encourages Indian investment in Hoa Lac Hi-tech Park - Ảnh 1.

Secretary of the Ha Noi Party Committee Dinh Tien Dung (4th from R) shakes hands with India's Ambassador to Viet Nam Sandeep Arya

The Ha Noi Party leader emphasized Viet Nam's foreign policy of diversified and multilateral relations, which values friendship and cooperation with all countries.

"The comprehensive strategic partnership between Viet Nam and India, a rapidly developing country with significant regional and global influence, is of great importance," Dung said.

Since elevating the relationship to this level in September 2016, the two countries have worked together to achieve positive results in various fields such as economy, trade, culture, people-to-people exchanges, education, science, technology, security and defense."

The annual International Yoga Day event, jointly organized by Ha Noi and the Indian Embassy in Viet Nam since 2015, has drawn substantial participation and support from the city's residents.

Indian visitors to Viet Nam have been on the rise, reaching 92,599 arrivals in 2022 and 60,992 arrivals in the first four months of 2023, ranking third among Ha Noi's source markets.

Known as the "Heritage City", Ha Noi boasts a diverse cultural heritage that includes 5,922 historical and cultural relics. The city is also home to the country's largest number of handicraft villages, with more than 1,350.

In 2022, Dung said the city had achieved the "double goal" of effectively fighting the Covid-19 pandemic while recovering and developing socio-economically.

Ha Noi's Gross Regional Domestic Product (GRDP) experienced a remarkable growth rate of 8.89 percent, surpassing the national average of 8.02 percent and marking the highest growth in the past decade.

In the first half of 2023, GRDP growth was estimated at 5.97 percent year-on-year, outpacing the national growth rate of 3.72 percent.

Ha Noi also excelled in attracting foreign direct investment (FDI), accumulating US$2.2 billion in the first six months of the year, leading the country and exceeding the achievements of 2022.

In reply, Indian Ambassador Sandeep Arya acknowledged local growing role as a political, cultural, educational, and economic hub.

The Ambassador expressed satisfaction with the increasing number of business and tourist visitors to Ha Noi.

Highlighting the strong cultural ties, the Ambassador mentioned the growing Indian business community in Hanoi, which is expected to exceed 2,000 members soon.

"This reflects the positive living conditions in Hanoi, which serve as a basis for attracting more Indian tourists to the city," he said.

The Ambassador also called for Ha Noi's support in organizing cultural exchange events such as film screenings and people-to-people exchanges, stressing their importance in promoting bilateral relations, with Ha Noi playing a central role.

The Party leader agreed with the Ambassador's suggestions and said that the city would prioritize cooperation areas that meet both sides' potential and needs.

He expressed the hope that the Ambassador will continue to serve as a bridge between business and government, creating favorable conditions for increased exchanges and cooperation between Viet Nam and India and between Ha Noi and New Delhi./. 

Kim Loan
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