The new air route will create more favourable conditions for enhancement of economic and trade links between Vietnam and India and other South Asian countries. 

Mr. Dung also asked the Vietnam Chamber of Commerce and Industry to map out a plan for establishing the Vietnam-India Business Council. 

Last year, India recognized Vietnam as a country with a fully developed market economy. 

The governments of Vietnam and India are hoping that two-way trade between the two countries will reach US$3 billion this year and US$5 billion in 2015. 

India has strong points in sectors such as IT, chemicals, automobile manufacturing, railroad engine and car manufacturing, pharmaceuticals and food processing. 

In its foreign trade strategies for 2009-2014, India has recognised Vietnam as one of its major markets. 

Indian companies have paid great attention to Vietnam’s banking, insurance  and other services.

With big investors in Vietnam such as ONGC, Essar, Tata Steel, Larsen &Turbo, Ranbaxy, Godrej , India is now listed among the top 10 investors in Vietnam.