Business

Vietnam, India promote trade ties

Representatives from 11 leading Indian businesses have met with their Vietnamese partners in Ho Chi Minh City.
Representatives from 11 leading Indian businesses have met with theirVietnamese partners in Ho Chi Minh City.

Themeeting is an annual trade promotion activity held by India ’sChemicals and Allied Products Export Promotion Council (Capexil) inVietnam .

The participating Indian businesses areoperating in such industries as automobile manufacture, buildingmaterials, printing, telecommunications, painting, rubber, battery,cement, ship building, sea port, and oil rig making.

Addressing the event, Acting Consul General Kuldeep Singh said thatVietnam is one of the important factors of India ’s Look Eastpolicy.

Vietnam and India have signedprotocols on economic and trade cooperation, double taxation avoidance,bilateral investment promotion and scientific and technologicalcooperation. Numerous Indian goods are enjoying tax preferences sincethe India-ASEAN free trade agreement took effect on June 1, 2010.

Two-way trade between Vietnam and India has risenfrom 72 million USD in 1995 to over 2 billion USD in 2009 despite theglobal financial and economic crisis.

By the end oflast year, India had 38 investment projects totalling 201.4 millionUSD in Vietnam , ranking 29 th among 89 foreign investors in thecountry./.
Follow VietnamPlus

See more

Vietnam to diversify markets for agricultural products amid global trade shifts. (Photo: VNA)

Vietnam to diversify markets for agricultural products amid global trade shifts

According to the Ministry of Agriculture and Environment (MAE), Vietnam’s agricultural product exports are inevitably affected by disruptions in global supply chains and the imposition of unilateral, stringent tariff policies by major economies. Nonetheless, these challenges also present an opportunity for Vietnam to adjust its export strategy and focus more intently on emerging and high-potential markets.

Delegates commence the construction of AEON Hai Duong Shopping Centre in Hai Duong Province on April 19. (Photo courtesy of AEON Vietnam)

Construction of AEON Hai Duong Shopping Centre kicked off

With a total investment of around 1.18 trillion VND (45.6 million USD), the AEON Hai Duong Shopping Centre is designed with a total floor area of approximately 3.6 hectares. Spanning an estimated gross floor area (GFA) of roughly 38,100 sq.m, the shopping centre will feature ample parking space for nearly 600 cars and 1,200 motorcycles.

Hai Phong hosts a conference on green transition and sustainable development. (Photo: congluan)

Hai Phong’s green growth sees both progress and obstacles

As part of its 2024 green growth efforts, Hai Phong implemented initiatives across 17 sectors. These included building and refining legal and policy frameworks as well as strengthening state management in line with green growth objectives.

Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)

Hanoi to develop 254-million-USD industrial cluster

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.