Vietnam hopes that India will maintain its position amongleading trading partners of and foreign investors in Vietnam,Vietnamese Minister of Industry and Trade Vu Huy Hoang has said.
The Vietnamese official expressed the hope at the ASEAN-India BusinessFair 2012 (AIBF), the second of its kind, which kicked off on December18 in New Delhi.
Vietnam ’s pavilion, thelargest among ASEAN countries, showcases products of garment andtextile, processed food, and handicraft products. Vietnamese businessesalso take the chance to advertise their strength and seek ways topenetrate the Indian markets.
The other nineSoutheast Asian countries and the host country are also displaying avariety of products at the three-day fair.
Tradeturnover between ASEAN countries and India currently stand at 80billion USD a year, and the two sides are aiming to achieve 100 billionUSD by 2015.
The AIBF was initiated by IndianPrime Minister Manmohan Singh at the ASEAN-India Summit in Thailandin September, 2009 with the aim of promoting bilateral trade andinvestment between India and ASEAN countries. The first fair washeld in India in 2011.
On December 17, Vietnam’s Ministry of Trade and Industry, in coordination with the IndianMinistry of Trade and Textile Industry, the Federation of Indian ExportOrganisations and other partners, held a Vietnam-India business exchangein Kolkata city, the state of West Bengal.-VNA