Indian infra firms keen to set up projects in Vietnam: Goyal

Indian infrastructure companies are keen to execute projects in Vietnam that will help more than double the bilateral trade to USD 15 billion by 2020, Power and Coal Minister Piyush Goyal today said.
He said that dialogue is on with domestic companies to set up projects in Vietnam on build, operate and transfer basis.
At an interactive session of visiting Vietnam Prime Minister Nguyen Tan Dung, Goyal said: "Your trip will set the tone for economic ties between the two countries and also take forward the people-to-people exchange."
"Given the fact that there is very low penetration in the renewable energy in Vietnam, India has a lot to offer in that field, " the minister said.

Going forward Prime Minister Narendra Modi-led government aims to double the bilateral trade from USD 7 billion to USD 15 billion by 2020.
"In the field of energy there is great potential to expand the relationship, to move forward expeditiously, considering that in all fields -- thermal, renewable or hydro energy -- India has made rapid strides," he added.

The Indian government is also looking at expanding bilateral ties and will offer both technological and financial services to Vietnam.
Jet Airways will start a direct airline services to Vietnam from November 5. The flights will connect Delhi and Mumbai to Ho Chi Minh City.

It may be noted that private power utility Tata Power had last year signed an agreement with Vietnamese government for setting up a 1,320 MW thermal plant.
The project, consisting of two units of 660 MW each is likely to come up at an investment of over Rs 10,000 crore.