Vietnam-India trade value reaches 2.6 billion USD in 2010
The figure was
revealed by Huynh Thanh Lap, President of the Vietnam-India Friendship
Association, Ho Chi Minh City chapter, at a meeting on January 21 to
mark the 61 st anniversary of India’s Republic Day (January 26).
India’s Consul General in HCM City Abhay Thakur said that the
implementation of the India-ASEAN Free Trade Agreement would encourage
bilateral trade to develop faster.
He also said he believed
that with a policy of “looking east,” relations between India and
Vietnam as well as other ASEAN countries will be strengthened and
that ASEAN will play a key role in the process of encouraging more
economic integration in the Asia-Pacific region.
Lap said that
the signing of the India-ASEAN FTA in 2009 has helped to open up more
chances for economic cooperation between India and ASEAN countries,
including Vietnam.
Last year, in its capacity as
ASEAN Chair, Vietnam made a lot of efforts to promote multi-dimensional
cooperation with India and between ASEAN and India./.