Workshop “Vision and investment potential in port system, maritime transport and logistics in India” co-organized by the Embassy of Vietnam in India and VIMC
A report from Invest India shows that the Indian economy will grow at an impressive rate of 8.3% in the 2023-2024 fiscal year, leading the world's major economies. With the goal of becoming the third largest economy in the world by 2027, the country is creating an attractive investment environment, especially in the fields of port infrastructure, maritime transport and logistics. India's foreign trade turnover reached 776 billion USD in 2023 and is expected to surpass 2,000 billion USD by 2030, showing that there is a lot of room for growth in the logistics sector. These figures are an opportunity for maritime businesses like VIMC to promote their advantages and build efficient supply chains, directly connecting Vietnam with a market of more than 1.4 billion people.
VIMC Deputy General Director - Le Quang Trung shared at the workshop
At the workshop, Mr. Le Quang Trung, Deputy General Director of VIMC, emphasized that VIMC's goal is to develop a comprehensive service chain and effective connections to promote import and export between the two countries. He also said that he wishes to not only maintain existing shipping routes but also expand maritime routes, cooperate with Indian partners to invest in appropriate seaport and logistics infrastructure systems, thereby creating a complete logistics ecosystem and promoting two-way goods between the two countries. VIMC is implementing direct container routes between Hai Phong - India and Cua Lo - Kolkata from 2021 and 2022. These routes not only shorten transportation time but also create stability for the supply chain, strongly supporting import and export enterprises of both countries. In the future, VIMC aims to build logistics centers called "Vietnam House" in India. This will be a platform to provide integrated services, from storage, delivery to freight transport, with optimal performance and competitive costs, serving the growing needs of businesses in the two markets.
VIMC Lines General Director - Do Thi Ngoc Trang proposed to develop more Vietnam - India transport routes
With a favorable geographical position and growing trade relations, the prospects for cooperation between Vietnam and India in the maritime sector are very bright, especially when both countries are aiming for a bilateral trade turnover of 20 billion USD. The workshop “Vision and potential for investment in the port system, maritime transport and logistics in India” has opened up many opportunities for VIMC, not only to expand its operations in this potential market but also to lay the foundation for a sustainable and long-term cooperative relationship.
Delegates attending the conference took a souvenir photo
VIMC's presence in India not only affirms the Corporation's pioneering role in the Vietnamese maritime industry, but also contributes to enhancing bilateral trade relations between the two countries, promoting cooperation and development, thereby contributing to the common prosperity of both Vietnam and India.
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