Thursday, October 22, New Delhi: The Embassy of The Socialist Republic of Viet Nam in association with The Policy Times organized Indo-Vietnam business Forum 2020| Vietnam: A Promising Land for ICT Investment on Thursday October 22, 2020 at 1230 hrs to 1500hrs from New Delhi to explore the horizon of growth and expansion from Indo-Vietnam collaboration in the avenue of Information and Communication Technology (ICT). The session was moderated by Mr. Akram Hoque, Founder Editor of the Policy Times.
The webinar marked a new arena of possibilities that could be cultivated to yield the much desired potential to both India and Vietnam. The webinar was segregated in two session inaugural and sectoral. At the inaugural session, H.E (Mr.) Pham Sanh Chau delivered his keynote speech. He brought forward India and Vietnam’s excellent and cordial long term relationship and how we can bank on this factor to explore possibilities of business relation in not only ICT sector but other key sectors like tourism and agriculture. The inauguration was studded with positive news of economic growth and overall development of Vietnam and Vietnam as a possible facilitator of positive growth in trade in ICT sector in recent future.
H.E (Mr.) Pham Sanh Chau described India as ‘Second Silicon Valley’ in ICT sector and recent positive development of different prominent countries and business bodies shifting their attention and operation base in Vietnam and what that predicts for India and Vietnam bilateral union.
The chief guest of the session Mr. Hoang Anh Tu, Deputy Director General of International Cooperation Department, Ministry of Information and Technology, Government t of Vietnam hinted for a digital transformation of Vietnam via local and global partnership and Vietnam as a dynamic and rapidly growing market for tech product and services . Mr.Tu promised government support in terms of tax and other aspects for investment from India especially in ICT sector.
Mr. Nguyen Thanh Ha, CEO Tam Viet Investment Advisory, Vietnam further enlightened huge potential of India-Vietnam bilateral union for business and investment of both countries. His valuable remarks brought forward a very important fact of private and government seamless cooperation to facilitate foreign business and investment in Vietnam.
If the first half of the conference was filled with a bunch of promising statistics from HE (Mr.) Pham Sanh Chau about steady and strong growth of Vietnam’s entire economy. The sectoral session was much needed eye opener for Indian IT sector at large about the steadily rising and promising venture of their peers in the field from India like multi-national entity Tech-Mahindra or HCL and neighbouring country Nepal.
Dr. Pramod Kumar ,Country Head of Tech Mahindra one of the honourable guest of the conference gave an acute picture of the Tech Mahindra’s steadily growing venture in multiple domains including ICT sector and potential future plans for a country like Vietnam which has yet to be discovered potential .His words were guide to aspiring companies of from Indian ICT sector .
The potential of Vietnam as a strategically alliance in terms of ICT and phone component manufacturing and tech-savvy new generation vast talent pool was further endorsed by Mr. Kunal Sinha, Head International Operations, Wipro .
Indo-Vietnam Business Forum 2020 was an enrichment in a sense it brought out different perspectives from different sub-sectors of ICT, not only business leaders but from insider practitioner & consultant Mr. Feroz Khan, Partner & Head – Digital Advisory, KPMG who was full of praise for Vietnam as steadily running the growth engine & the collaboration of two geographies India & Vietnam can not only boost both economies but innovation, knowledge sharing and tech sharing between them.
Indo-Vietnam collaboration from plethora of perspectives one such was young entrepreneur Mr. Shaad Rehman, CEO & Founder, Phixman. He highlighted a very valid point of how ICT is revolutionizing many other domains and more need to nurturing entrepreneurship.
This conference not only limited to speculation of India-Vietnam collaboration but the potential of three way collaboration in business and overall growth among India- Nepal –Vietnam. Two prominent bodies represented by Mr. Narayan Thapa, Secretary General, Federation of Computer Association Nepal (CAN Federation) and Mr. Bikash Gurung, President, Robotics Association of NEPAL [RAN] portrayed a promising picture of mutual benefit if a three way collaboration was taken up by India-Nepal – Vietnam. Mr. Thapa & Mr. Gurung gave us a thorough run down of Nepal’s progress in various avenues of ICT sector and what three country in discussion can achieve by virtue of mutual collaboration.
At the end of the conference H.E (Mr.) Pham Sanh Chau’s voiced his vote of thanks for active participation which brought forward ideas that could be cultivated in future and also shared some eye-opening key takeaways be that facilitating small and medium units along with big ones in terms of growth in ICT sector. The nearly two hours of conference came to a successful end with official vote of thanks from Mr. Bui Trung Thuong, Head of Trade section, The Embassy of Vietnam to India.