Business

Vietnam-India trade hits 1.65 billion USD during Jan-Feb

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.
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Vietnam-India trade hits 1.65 billion USD during Jan-Feb ảnh 1Vietnamese businesses seek garment material supply at Indian fair - Illustrative image (Source: VNA)

Hanoi (VNA) – Two-way trade between Vietnam and India reached 1.65billion USD in the first two months of 2020, up 2 percent against that of thesame period last year.

Several exportedcommodities reported impressive growth, including plastics (257.2 percent),confectionary and cereal products (135.8 percent), rattan products and carpets(121.5 percent) and animal feed (113.5 percent).

The Vietnamese TradeOffice in India said that at present, raw materials used to produceantibacterial filters are scarce in the country, and enterprises have receivedfull orders until the end of May.

The office advisedVietnamese businesses to be careful to avoid commercial frauds by requestingpartners to provide detailed information about products and using L/C (letterof credit) payment.

Bilateral tradebetween Vietnam and India reached nearly 13 billion USD in 2019. They arestriving to bring the figure to 15 billion USD./.
VNA
#Two-way trade #Vietnam #India #first two months of 2020 #Vietnamese Trade Office in India #antibacterial filters #Vietnamplus #Vietnam News Agency India Vietnam
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