Two-way trade between Vietnam and India has increased almost 20-fold during the past decade, the Indian Consul General has said.

Indian Consul General in Ho Chi Minh City , Abhay Thakur reported this news at a get-together to celebrate the 62 nd anniversary of the Republic of India , in Ho Chi Minh City on Feb. 16.

Bilateral trade rose from 200 million USD in 2000 to over 1.2 billion USD in 2006, 2.7 billion USD in 2010 and 3.9 billion USD in 2011.

Abhay Thakur affirmed that Vietnam has always been a special and sincere friend of India, in both bilateral ties and at regional forums, adding that Vietnam remains in a strategic position in the foreign priorities under the “Look East” policy of India .

He said India is willing to further strengthen cooperative contents with Vietnam based on the spirit of the “Vietnam-India Strategic Cooperation” that was signed by the two countries in 2007, especially in the fields of business, science and technology and culture.

The total investment of Indian enterprises in Vietnam has now reached more than 771 million USD and two-way trade between the two countries is expected to hit 7 billion USD by 2015./.