Vietnam, India boost trade cooperation
Vietnamese and Indian businesses gathered in Hanoi on December 2 to exchange information and seek partnerships.
A Vietnam - India business meeting in Ho Chi Minh City in July 2015 (Photo: VNA)Hanoi (VNA) – Vietnamese and Indian businesses gathered in Hanoi on December 2 to exchange information and seek partnerships.
Organised by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam-India Business Meeting saw the participation of 15 Indian companies.
Addressing the function, VCCI Vice President Hoang Quang Phong said that India is a big trade partner of Vietnam, with two-way trade hitting 5.6 billion USD in 2014. Indian businesses have so far poured about 300 million USD into 87 projects in Vietnam.
Vietnamese enterprises hope to receive technological support from India in the fields of tea processing, mining, information technology and heavy industry, which are India’s strengths, he said.
Indian businesses stated that India is a market of great potential and demand but bilateral trade and investment cooperation is yet to match both sides’ potential and meet their aspirations.
At the seminar, Indian firms operating in food processing, environmental pollution control, electronics, pharmaceuticals and mechanical engineering expressed their wish to study the Vietnamese market.-VNA
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