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| COVER
STORY |
- Vietnam |
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The
bilateral trade between India and
Vietnam crossed over US $3 billion
in the last financial year and is
expected to grow substantially this
year as well , said Nguyen Viet Hung,
Consul General, Socialist Republic
of Vietnam in Mumbai to Open Trade
Magazine. He forecasts the Vietnam
GDP to grow at the rate of 6% during
the current financial year.
The 'doi moi' economic reform agenda
championed by the Communist Party
of Vietnam since 1986 has brought
considerable material gains for the
wide majority of the population. No
shift is expected in the government's
economic reform agenda, which will
continue to support economic activity.
Vietnam has been importing mainly
chemicals, machinery, equipment, pharmaceuticals,
healthcare products etc. while India
has been importing
rubber, electronic components, agriculture
products etc.
Mr. Hung feels, that there exists
a tremendous potential between both
countries and trade and commerce can
grow manifold. He feels tourism is
another major area of growth which
is yet to be tapped as there is an
absence of direct connectivity by
air route; one has to travel via Thailand
from India.
The visit of the Prime Minister of
Vietnam in July 2007, further cemented
the relation between the two countries.
Mr. Hung further added that, he and
his team were here to support and
facilitate any company wanting to
set up an office in Vietnam as Vietnam
has a very conducive Foreign Direct
Investment (FDI) policy.
H.E. Nguyen Viet Hung likes India
and has served in New Delhi and Mumbai
for two terms. He is fascinated with
the rich cultural heritage that India
possesses and says that Indian food
is in his blood. He further adds people
of Vietnam feel proud to be friends
of India. |
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Vietnam's
Ha Long Carnival
Bonanza
In order to attract the tourists to
Vietnam, Ha Long Carnival has been
scheduled from April 25 to May 2,
2009. It promises to satisfy both
domestic and foreign visitors of the
various unique cultural and tourist
products. The opening and closing
ceremonies, two major live shows of
the carnival, will comprise special
and magnificent art performances on
a floating stage at the Bãi
Cháy Ferry. The closing ceremony
on May 2 will feature a fireworks
show.
Both tourists and local residents
will have numerous opportunities to
join many activities.
In the fanciful and splendid atmosphere
of Ha Long Bay by night, the ‘World
Cultural Heritage Rendezvous, show
will combine domestic and international
art performances, presented by artists
from Vietnam, Republic of Korea, China,
Laos and Thailand.
In addition, national and foreign
guests will be introduced with traditional
Vietnamese music, including royal
music and gong performance of the
Central Highlands.
There will be gastronomic festival,
sports competitions and business fairs.
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