Vietnam and India boast huge potential to further foster cooperation in trade and investment as both sides have many young and proactive businessmen who are able to create wonderful business opportunities between the two countries, Vietnamese General Consul in Mumbai Le Quang Bien has said.
VOV.VN - Trade and investment cooperation is one of the important pillars in the relations between India and Vietnam, although it still has plenty of potential for further development, Vietnamese Ambassador to India Nguyen Thanh Hai stressed at Vietnam-India business forum held in New Delhi on August 7.
A delegation from the Vietnamese Ministry of Industry and Trade is attending the 28th Partnership Summit in New Delhi from March 13-15.
Two-way trade between Vietnam and India saw a yearly increase of 13.6% to US$15.05 billion in 2022, statistics from the General Department of Customs showed.
A trade promotion conference between Vietnam and India was held on December 12 in Ho Chi Minh City, aiming to foster trade and industrial cooperation among the business communities of the two countries.
A Vietnam-India Startup Forum was held in a hybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.
Vietnam and India may complete the goal of US$15 billion in two-way trade this year despite impacts from the COVID-19 pandemic and geostrategic competition in the region and in the world, according to Vietnamese Trade Counsellor in India Bui Trung Thuong.
Vietnam and India hold great potential for cooperation in establishing supply chains following COVID-19, which has seriously affected both economies over the past two years due to disruptions in regional and global supply chains, according to Indian analysts.
A Vietnam-India business matching event was held in Hanoi on September 22, on the occasion of the Vietnam visit by 42 enterprises of the India-Vietnam Chamber of Commerce and Industry (IVCCI).
A shipping route linking the central region of Vietnam and India was inaugurated on July 27.