Vietnam, India identify cooperation areas to bolster bilateral trade
New Delhi (VNA) – Vietnam and India have defined biotechnology in agriculture and healthcare, super-computing and remote sensing as among key areas to drive bilateral trade to 15 billion USD by 2020, the Indian government has said.
In
a statement, India’s Ministry of Commerce and Industry noted that Vietnam requires technological assistance for its
socio-economic and trade development and India is an appropriate partner.
It continued that both countries have identified biotechnology
in agriculture and healthcare, technology for new materials, IT and
electronics, super-computing, nuclear energy for peaceful uses, science and
technology, remote sensing and non-traditional energy as areas that can help expand
trade and investment.
The issues were discussed at a meeting on
October 24 between Vietnam’s Ministry of Agriculture and Rural Development of
Vietnam led by Deputy Minister Tran Thanh Nam and the Trade Promotion Council
of India.
Business opportunities and cooperation between India and Vietnam as well as ways and means to promote Indusfood, a trade fair for Indian food and farm produce in Vietnam, were also discussed.
Statistics of the General Department of Vietnam Customs showed that two-way trade turnover hit 6.36 billion USD in the first seven months of 2018.-VNA