Four Vietnamese businesses are showcasing their products at the India International Trade Fair 2011 that opened in New Delhi on Nov. 14.

As one of India ’s leading trade promotion events that is organised by the Trade Promotion Organisation under the Indian Ministry of Commerce and Industry, the annual event aims to promote trade exchanges between India and countries worldwide.

This year’s event has drawn the participation of over 6,500 Indian and foreign companies from 30 countries and territories, including the US , Russia , the UK , France , China , Singapore , Thailand and Pakistan .

The Vietnamese businesses brought equipment, computer software, automobile, electronics, telecom and leather products, textile, handicrafts, jewelries, interior décor and consumer goods to the fair, which will last until Nov. 27.

According to Vietnamese Commercial Counselor to India Nguyen Son Ha, India is now one of Vietnam ’s 10 largest trade partners. Two-way trade between Vietnam and India has sharply increased over recent years, reaching 2.6 billion USD in the first nine months of this year, up 44.7 percent over the same period last year.

The two countries set a target of raising the figure to 7 billion USD in 2015, he said.

Also in the nine-month period, Vietnam’s exports to India exceeded 1 billion USD for the first time, representing a year-on-year rise of 61 percent, he added./.