During the event, Vietnamese Trade Counsellor Nguyen Son Ha provided theparticipants with information about the Vietnamese economy, andbilateral trade and investment ties between Vietnam and India.
He introduced them to the ASEAN ( Vietnam )- India free tradeagreement, which took effect in June 2010, as well as the tax reductionroadmap to lure more Indian investors to Vietnam.
The tradeofficial answered the Indian firms’ inquiries about Vietnam’spolicies to attract foreign direct investment, including the Law onForeign Investment, preferential treatment, and current policies onimport-export management.
Ha provided the participants withcontact details of related Vietnamese agencies and invited them toparticipate in several trade fairs to be held in Vietnam later thisyear and the coming years.
Two-way trade between Vietnam and India increased from 2 billion USD in 2009 to 3.94 billion USD in 2012.
The figure is expected to hit 5 billion USD this year, and 7 billion USD in 2015./.