NA Chairman receives leader of India’s Essar Group
Chairman of the National Assembly Vuong Dinh Hue received Chairman of the Essar Group Prashant Ruia following the Vietnam - India Business Forum held in New Delhi on December 17.
Chairman of the National Assembly Vuong Dinh Hue speaks at the Vietnam - India Business Forum (Photo: VNA)
New Delhi (VNA) –Chairman of the National Assembly Vuong Dinh Hue received Chairman of the EssarGroup Prashant Ruia following the Vietnam - India Business Forum held in NewDelhi on December 17.
Introducing the Essar Group,billionaire Ruia said the firm is a multi-sector conglomerate with the marketvalue of about 15 billion USD and annual profit of some 2.2 billion USD. It operatesin the fields of oil and gas, including oil exploitation, petrochemicaltechnology, and gas liquefaction; mining, metallurgy; and infrastructuredevelopment; among others.
Essar wishes to invest inVietnam, especially in the oil and gas industry, he stressed, adding that ithas taken part in the exploration and discovery of natural-gas condensate in thecountry’s continental shelf since 2008.
Chairman Hue affirmed thatVietnam supports and will create conditions for Indian companies to continuetheir long-term presence and expand operations related to oil and gas explorationand exploitation in its continental shelf and exclusive economic zone.
Calling on Essar to increaseinvestment in Vietnam, he spoke highly of the diversity in the group’soperations and welcomed its intention to invest in the petrochemical industry./.
Vietnam and India established their diplomatic relations in 1972 and upgraded the ties to comprehensive strategic partnership in September 2016. They are working to implement an action programme materialising the partnership for 2021-2023. They always support each other and regularly exchange delegation across all levels, particularly high-level ones.
Vietnam creates optimal conditions for Indian companies to continue their long-term operations and expand investment in energy and oil and gas exploration and production in the country’s continental shelf and exclusive economic zone, Vietnamese National Assembly Chairman Vuong Dinh Hue affirmed on December 17.
Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue met with Indian Vice President and Chairman of the Council of States Venkaiah Naidu in New Delhi on December 17.
An investment cooperation agreement on infrastructure, industry and innovation development between Vietnam and India worth 4 billion USD was signed in New Dehli on December 17.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Chairman of the National Assembly Vuong Dinh Hue speaks at the Vietnam - India Business Forum (Photo: VNA) 
