Business

Workshop increases Vietnam-India strategic partnership

Vietnam and India have a great potential for cooperation in services, pharmaceuticals, oil refinery, transport, agriculture, information technology, tourism, education and production of fine art articles, said a workshop in New Delhi.
Vietnam and India have a great potential for cooperation in services,pharmaceuticals, oil refinery, transport, agriculture, informationtechnology, tourism, education and production of fine art articles, saida workshop in New Delhi.

Trade and economic ties between Indiaand Vietnam have seen a rapid growth in recent years with two-waytrade rising from 489.2 million USD in 2003 to over 2 billion USD in2009, participants stressed at the September 30 workshop entitledIndia-Vietnam strategic partnership: tapping potential for expandingcooperation.

The two countries expect to bring the bilateraltrade to 2.55 billion USD this year. Vietnam’s exports to India aremainly tea, coffee, rubber, coal, computer hardware and electronicappliances, while its imports from India steel, livestock feeding,pharmaceuticals, machinery equipment, cotton, leather and textileproducts and pesticide.

However, participants stressed Vietnamand India have yet to fully tap their potential in trade andeconomic ties, urging the two countries to overcome existingdifficulties, such as tax levels, customs procedure and transport./.
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