Vietnam was becoming a business destination for Indians, said Ravi Sankar, a trade counsellor at the Indian Embassy in Hanoi.
Leading Indian economic group Tata wants to export Nano automobiles to ASEAN nations and Europe, and is now seeking partners in Vietnam .
Sankar said more co-operation opportunities were opening up to businesses from both countries apart from the customary areas of IT, agriculture, oil and gas.
Many Indian businesses have established offices in Vietnam for ventures connected to mining, automobiles, steel, oil, gas and electricity.
Indians have 38 projects on the go at present with combined capital of more than 200 million USD. This ranks them 29th out of 89 foreign investors in Vietnam .
During a recent business conference in Hanoi , Vishambhar Saran, president of the Indian Chamber of Commerce, emphasised the importance of Vietnam in India 's foreign policy.
Under new economic and trade agreements, trade turnover is expected to reach 3 billion USD this year and 5 billion USD by 2015. Two-way trade has grown annually by 20 to 30 percent. In 2008, trade turnover was higher than the 2 billion USD target set for 2010.
Despite the global economic crisis, turnover also hit more than 2 billion USD in 2009. Of the total, Vietnam 's exports to India accounted for 420 million USD and its imports from India totalled 1.64 billion USD./.
Leading Indian economic group Tata wants to export Nano automobiles to ASEAN nations and Europe, and is now seeking partners in Vietnam .
Sankar said more co-operation opportunities were opening up to businesses from both countries apart from the customary areas of IT, agriculture, oil and gas.
Many Indian businesses have established offices in Vietnam for ventures connected to mining, automobiles, steel, oil, gas and electricity.
Indians have 38 projects on the go at present with combined capital of more than 200 million USD. This ranks them 29th out of 89 foreign investors in Vietnam .
During a recent business conference in Hanoi , Vishambhar Saran, president of the Indian Chamber of Commerce, emphasised the importance of Vietnam in India 's foreign policy.
Under new economic and trade agreements, trade turnover is expected to reach 3 billion USD this year and 5 billion USD by 2015. Two-way trade has grown annually by 20 to 30 percent. In 2008, trade turnover was higher than the 2 billion USD target set for 2010.
Despite the global economic crisis, turnover also hit more than 2 billion USD in 2009. Of the total, Vietnam 's exports to India accounted for 420 million USD and its imports from India totalled 1.64 billion USD./.
