Hanoi: Ambassador of Nepal to Thailand and Vietnam, Dhan Bahadur Oli, has called for Vietnamese investors to increase their investment in Nepal which has huge prospects for investment. Attending the discussion with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Vietnamese Chamber of Commerce and Industries (VCCI) held in the capital of Vietnam, Hanoi, he said that the diplomatic relations between Nepal and Vietnam have reached 50 years and emphasised on augmenting collaboration between the two countries for trade and investment areas.
According to National News Agency Nepal, the ambassador noted that new challenges have emerged in the global economy. In this context, both countries should mutually focus on expanding economic collaboration. He mentioned the potential in the tourism sector and highlighted the possibilities of trade at regional and international levels through economic collaboration between the two countries. He further said Nepal also has potentials for production-focused industry, ICT, pharmaceutical, and herbal medicines among other sectors.
FNCCI Chairperson Chandra Prasad Dhakal urged the Vietnamese investors to advance further economic collaboration between Nepal and Vietnam. Dhakal assured Vietnamese investors of maximum efforts to utilize opportunities in Nepal, citing the country’s strong market potential for handicraft items, tea, coffee, and herbs. He noted that investment in these sectors could be increased and emphasized Nepal’s market for Vietnam’s agricultural goods, seafood, electronics, and various other products. Dhakal added that Nepal’s foreign direct investment climate is improving, supported by investment-friendly laws and ongoing reforms in licensing, customs procedures, and tax administration.
Investment in Nepal, especially in cable car projects, resorts, and adventure and wellness tourism, has been increasing, Dhakal said, inviting Vietnamese investors to Nepal. He also invited the Vietnamese delegation to the FNCCI’s upcoming Annual General Assembly to directly observe Nepal’s business environment.
Vietnam Chamber of Commerce and Industry Deputy Executive President Nguyen Quang Vinh expressed eagerness to establish additional economic partnerships with Nepal. Vinh emphasized the potential for enhanced trade and investment cooperation between the two countries, adding that such cooperation will be further explored in the future.