Vietnam-India trade cooperation highlighted

Crowds of domestic and Indian scientists, managers and businessmen gathered at a workshop in Hanoi on May 11 to discuss economic cooperation potential between Vietnam and India, organised by the Ho Chi Minh City National Politics Academy.
Crowds of domestic and Indian scientists, managers and businessmengathered at a workshop in Hanoi on May 11 to discuss economiccooperation potential between Vietnam and India, organised by the Ho ChiMinh City National Politics Academy.

At theevent, Director of the Academy Ta Ngoc Tan highlighted the long- lastingrelationship between Vietnam and India, saying it has been continuouslyconsolidated by generations of leaders of the two nations and upgradedto comprehensive relations as affirmed in their joint statements.

In the most recent communiqué from Prime Minister Nguyen Tan Dung’svisit to India in last October, the two Governments pledged to developthe comprehensive strategic partnership and foster all-aroundcooperation between the two nations.

Their cooperation commitment consists of five pillars: politics, economics, energy, security and national defence.

Indian Ambassador to Vietnam Preeti Saran said the Vietnam-Indiastrategic partnership has seen exceptional development withcomprehensive cooperation in various fields, including politics,national defence, trade and investment, education, science andtechnology, culture and people-to-people diplomacy.

Vietnam is India’s first partner in its “Look East” policy, she said,adding that the relationship has been reinforced by the shared interestin peace, prosperity, security and order in the region and the world.

Participants discussed the role of the relations,reviewed current economic cooperation and highlighted challenges andpotential for the respective nations.

They alsooffered approaches to bring Vietnam-India economic cooperation to newheights, with businesses from both nations playing an active role in theprocess.

On the occasion, the Academy launcheda website of the Indian research centre, updating the Vietnam-Indiarelations and facilitating the teaching and understanding of thelandscapes, peoples and socio-economic development of the two nations.

Trade between Vietnam and India hit 5.4 billion USD in 2014 with Vietnamese exports valued at 2.4 billion USD.

They have targeted a trade revenue of 7 billion USD in 2015, increasing to 15 billion USD by 2020.-VNA

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