Reconstruction of global supply chains, strategic competition between major economies, emergence of digital technologies like artificial intelligence, green transformation and increasing demands for economic autonomy are the profound changes happening in the world, Lam said

Lam urged the business community to broaden ties and make the bilateral trade more balanced, and also invest more into key areas of the future such as AI, semiconductor, pharmaceuticals, biotechnology, clean energy, logistics, data centre and research and development

"We pledge to uphold the legitimate rights and interests of investors, foster dialogue and create a transparent business environment and healthy competition," he said

"We have even more opportunities to write a new chapter in this story, not just cooperation but co-creation in the global supply chain," Lam, who is also the general secretary of the Communist Party of Vietnam Central Committee, said

Business community from both countries needs to be bolder in taking advantage of the facilitative environment ushered by the two governments, he said, adding that they should work together, and share experiences and technology

Speaking at an  event, Maharashtra's Chief Minister Devendra Fadnavis asked Vietnamese companies to make his state as their gateway to the vast Indian market