Deputy Minister of Finance meets Gujarat delegation in Hanoi
Deputy Minister of Finance Le Tan Can has met with Kanubhai Mohanlal Desai Gujarat s Minister of Finance and Minister of Urban Development and Urban Housing during his visit to Vietnam
On October 20, Deputy Finance Minister Can welcomed a delegation from Gujarat, India, to Vietnam's Ministry of Finance in Hanoi. The delegation included Minister Kanubhai Mohanlal Desai and several state business leaders. The visit aimed to deepen economic, trade, and investment ties between the two nations. Tshering W. Sherpa, India's ambassador to Vietnam, also attended the meeting.
Deputy Minister Can praised the visit as a clear demonstration of Gujarat's commitment to economic cooperation with Vietnam. He noted that the meeting followed high-level talks between Vietnamese Party General Secretary To Lam and Indian Prime Minister Modi, as well as a bilateral meeting during To Lam's visit to India in May. The meeting marked an important step in elevating bilateral ties to a Comprehensive Strategic Partnership, according to Deputy Minister Can.
Vietnam's economy is projected to achieve double-digit growth from 2026 to 2030, with a 9.01% growth rate in the first nine months of 2026. Vietnam is a top destination for foreign direct investment (FDI), attracting over $38.4 billion in FDI in 2026. India is the 26th largest foreign investor in Vietnam, with 539 valid investment projects totaling $1.17 billion in registered capital. Vietnam has invested $500 million in India.
Gujarat, India's leading economic growth engine, has launched initiatives such as the Vibrant Gujarat Global Summit and GIFT City, a financial and technology hub attracting international banks. Gujarat aims to contribute 100 GW of renewable energy to India's 400 GW target by 2030. Gujarat's delegation formally invited the Vietnamese Ministry of Finance to participate in the Vibrant Gujarat Global Summit in January 2027, with Vietnam as an official partner country.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
