Vietnam attends Vibrant Gujarat Global Summit in India

Thursday, 2017-01-12 11:38:16
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NDO/VNA—A Vietnamese delegation led by Deputy Minister of Industry and Trade Cao Quoc Hung is attending the eighth Vibrant Gujarat Global Summit in India from January 10-13, which focuses on sustainable socioeconomic development.

The event attracted many heads of state, senior government officials and leaders from global economic corporations and institutes.

Speaking at the summit, Indian Prime Minister Narendra Modi highlighted his country’s remarkable accomplishments.

He said India has become a bright spot in the global economy, referring to the “Make in India” initiative as the country’s biggest-ever brand.

Total foreign direct investment (FDI) in India hit US$130 billion over the past two and a half years, he cited.

The PM revealed that India is the largest recipient of foreign investment in the Asia-Pacific region.

He affirmed that creating a favourable business environment to attract investment is a top priority of India.

On the sidelines of the summit, Deputy Minister Cao Quoc Hung took part in a meeting with the heads of delegations from other countries and directors of Indian and international firms.

He later held a working session with Infrastructure Leasing & Financial Services Limited (IL&FS), which invested in the Hanoi–Hai Phong highway project in Vietnam.

The official also visited Gift City—the first smart city in India—and worked with India’s Ministry of Steel and Ministry of Energy.