Vietnam-India Business Forum opens up new cooperation opportunities

Deputy Prime Minister Trinh Dinh Dung addresses the forum (Photo: VNA) Hanoi (VNA) – A Vietnam-India Business Forum took place in Hanoi on November 19, as part of Indian President Ram Nath Kovind’s State visit to Vietnam. The event was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), the Indian Embassy in Vietnam, and the Indian Industries Association. Addressing the forum, Vietnam’s Deputy Prime Minister Trinh Dinh Dung stressed that this important forum offers a precious chance for the two business communities to review their cooperation results over the past 46 years, and seek new cooperation opportunities, thus helping boost and deepen the Vietnam-India comprehensive strategic partnership. Dung said the bilateral relations, founded by late President Ho Chi Minh and Prime Minister Jawaharlal Nehru and nurtured by generations of leaders and peoples, have developed sustainably. Political trust has been consolidated constantly through high-level visits and meetings, while economic, trade and investment cooperation has produced impressive results. India is now one of the ten largest trade partners of Vietnam. Two-way trade has increased year after year to 7.63 billion USD in 2017. The figure hit 8.3 billion USD in the first nine months of 2018, a year-on-year rise of 47.1 percent. The two countries are working towards a goal of 15 billion USD in bilateral trade in the coming time. In terms of investment, as of late September, India’s total investments in Vietnam were 877 million USD, with 201 projects, making the country to rank 29th out of… [Read full story]