The Trade Office of Vietnam in India held a webinar on February 8 to update Vietnamese businesses about regulations and procedures for opening branches in the South Asian country.
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.
Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said.
Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said.
With the Government of Vietnam committed to achieving net zero emissions by 2050, there is a shift in the country’s priority in foreign investment attraction, said Deputy Minister of Industry and Trade Do Thang Hai on July 26.
The Vietnamese Embassy in India, in coordination with chambers of commerce and industry in West Bengal, has organised conferences to further promote trade, investment and tourism of India into Vietnam.
Vietnam and India have plenty of room for expanding their cooperation in both trade and investment, especially in the fields of digital, supporting industries, e-commerce, retail, and agricultural production, said participants at the 2nd Vietnam - India business forum held in Ho Chi Minh City on March 17.
A lack of Vietnamese firms' presence in the Indian market is a shortcoming that has hindered trade between the nations, saidVietnamese Ambassador to India Pham Sanh Chau at a recent seminar.
Two-way trade between Vietnam and India has grown annually by an average of over 20 percent, higher than trade growth between Vietnam and other nations, since the establishment of bilateral diplomatic ties in 1972, bilateral strategic partnership in 2007 and comprehensive strategic partnership in 2016.
The strengthening of trade exchange between Vietnam and India not only by the traditional method but also in the online format has contributed to promoting the comprehensive strategic partnership between the two countries, said Hoang Minh Chien, deputy head of the Vietnam Trade Promotion Agency (VIETTRADE) under the Ministry of Industry and Trade.
Apparel, pharmaceuticals, supporting industries, and renewable energy count among the new driving forces for growth in Vietnam-India trade ties, Bui Trung Thuong, Chief of the Vietnam Trade Office in India, told a recent business forum in the Indian city of Chandigarh.
Trade between Vietnam and India in August picked up 12 percent from July, reaching 1.02 billion USD despite the complications from the COVID-19 outbreak, according to the Vietnamese Trade Office in India.
A teleconference, themed “Vietnam-India: Promoting trade in farm produce and processed food”, was held on May 7 to discuss business potentials during and after the COVID-19 pandemic.
Two-way trade between Vietnam and India reached 1.65 billion USD in the first two months of 2020, up 2 percent against that of the same period last year.
Vietnam can become a gateway for Indian businesses and goods to enter other large markets, according to Do Quoc Hung, head of the Asia-Africa Market Department under the Vietnamese Ministry of Industry and Trade.
The Embassy of Vietnam in India and the PHD Chamber of Commerce and Industry (PHDCCI) of India recently held a workshop which focused on measures to bolster Vietnam – India trade.
Vietnam and India can cooperate in areas of strength such as agriculture, textiles, footwear, renewable energy, and pharmaceuticals, according to the Ministry of Industry and Trade.
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