Indian investment today in Viet Nam is close to US$1 billion and is all set to grow with the Tata Group investing around $2 billion in Soc Trang Province. — Photo pc2.vn HCM CITY (Biz Hub) — Economic ties between Viet Nam and India have yet to match the vast potential and huge aspirations of their leaders, officials on both sides and entrepreneurs agreed at a meeting the Indian consulate held yesterday in HCM City to mark the launch of its “Made in India” campaign. Smita Pant, the Indian consulate general in HCM City, said India encouraged foreign investment in its market of 1.3 billion. Vietnamese investors were also welcomed and the country had rolled out of a red carpet, she said. “The potential is huge and as far as India and Viet Nam trade and investment relations are concerned, the business community is sitting on a gold mine, which needs to be explored.” Besides online licensing, the Indian Government has also announced new policies for 24 sectors in which it is seeking investment, including construction, health, bio-technology, ports, aviation, railways, defence, and space, according to the diplomat. She said this month there would be a high-level Vietnamese delegation including businesspeople visiting India. Direct flights between India and Viet Nam are set to begin in less than two weeks’ time. A memorandum of understanding for twinning HCM City with Mumbai is under discussion, and efforts are going on to open an Indian bank branch in HCM City, according to Pant….