Vietnam Ready to Unlock More Opportunities to Attract Large Indian Corporations

Prime Minister Pham Minh Chinh recently received Nagavara Ramaroa Narayana Murthy, co-founder of Infosys – one of the biggest IT companies in India, VNA reported.

Welcoming Narayana Murthy, who is also former Chainman of Infosys, to Vietnam to work with Vietnamese partners, PM Chinh showed his impression at the scale, role and position of Infosys, as well as Narayana Murthy's role in the IT and software market of India in particular and the world in general.

Prime Minister Pham Minh Chinh (left) on May 20 receives Nagavara Ramaroa Narayana Murthy, co-founder of Infosys – one of the biggest IT companies in India. Photo: VNA

He stated that India is a top priority in Vietnam's foreign policy and that he is happy to see the traditional friendship and Comprehensive Strategic Partnership between Vietnam and India being strengthened and developed in multiple fields.

During their recent bilateral meetings, Chinh and Indian PM Narendra Modi have agreed to continue promoting economic-trade-investment and science-technology cooperation to make them commensurate with the potential and stature of the two countries' relationship.

Chinh noted that Vietnam identifies the digital economy, knowledge economy, and circular economy as the main directions in the country’s socio-economic development strategy. Vietnam promotes the development of strategies for research, application, and development of artificial intelligence human resources to meet the needs of businesses and the labor market.

The Vietnamese leader said he hopes that Infosys will invest in and cooperate with Vietnam through specific projects and products on the principle of harmonized benefits and shared risks.

He wished India in general and Infosys in particular, as well as Narayana Murthy and Indian experts to support Vietnam in mobilizing resources, especially in public-private partnerships, to develop the information technology sector, software industry, artificial intelligence (AI), and semiconductors.

Vietnam wants to learn experience from India to perfect its legal framework in information technology, and boost the software industry, AI, and semiconductors. He also asked for support to Vietnamese businesses to join global production and supply chains in these fields.

For his part, Narayana Murthy said that India has developed the information technology industry very early and Vietnam also has world-class technology enterprises such as FPT.

This is a favorable foundation and environment to promote technology cooperation between the two countries, he noted, believing that Vietnam will reap greater success in the software field.

Narayana Murthy talks with FPT Chairman Truong Gia Binh during their conversation in Hoa Lac High Tech Park. Photo: VNA

According to FPT in a press release, Murthy shared practical experiences and inspirational stories with managers, experts and leaders in the Vietnamese IT industry during his visit to Vietnam. He discussed topics, including promoting innovation in businesses, developing new technology trends, and the opportunities available for the Vietnamese IT industry.

Murthy also recognized Vietnam's emergence as a global technology destination, attributing it to the country's commitment and investment in the IT sector. He expressed his belief that Vietnam has the potential to become one of Asia's leading developed countries and one of the fastest-growing nations in the world. With a rising GDP and the determination of its people, Vietnam is expected to bring prosperity to its citizens faster than many other countries.

Long An: Strengthening People-To-People Exchanges Between Vietnam And India The Union of Friendship Organizations of Long An province coordinated with Can Giuoc district and Long An International Port to organize people-to-people exchanges with the ...

Ho Chi Minh is a Symbol of Peace, Independence, Sovereignty, Social Progress On President Ho Chi Minh's 134th birthday anniversary (May 19, 1890 - May 19, 2024), the VietnamTimes interviewed Pallab Sengupta, President of the World Peace ...

Indian Tourists To Vietnam Hits Record Number The "Tourism Trends 2024: Breaking Boundaries" by Mastercard's Institute of Economics shared that the number of Indian tourists to Vietnam increased by 248% over the ...