The Ho Chi Minh City Union of Friendship Organisations (HUFO) and the Vietnam-India Friendship Association in the city on August 14 held a ceremony to mark the 78th anniversary of India’s Independence Day (August 15, 1947-2024).
Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said.
With the Government of Vietnam committed to achieving net zero emissions by 2050, there is a shift in the country’s priority in foreign investment attraction, said Deputy Minister of Industry and Trade Do Thang Hai on July 26.
Trade between Vietnam and India in August picked up 12 percent from July, reaching 1.02 billion USD despite the complications from the COVID-19 outbreak, according to the Vietnamese Trade Office in India.
The Embassy of Vietnam in India and the PHD Chamber of Commerce and Industry (PHDCCI) of India recently held a workshop which focused on measures to bolster Vietnam – India trade.
Vietnam and India can cooperate in areas of strength such as agriculture, textiles, footwear, renewable energy, and pharmaceuticals, according to the Ministry of Industry and Trade.
Vietnam and India have defined biotechnology in agriculture and healthcare, super-computing and remote sensing as among key areas to drive bilateral trade to 15 billion USD by 2020, the Indian government has said.
The comprehensive strategic partnership between Vietnam and India is enjoying dynamic and substantive development, according to Vietnamese Ambassador to India Ton Sinh Thanh.
Vietnam’s total export-import turnover to India reached 4.24 billion USD in the first seven months of this year, representing a year-on-year rise of 42.95 percent.
