(VEN) - Trade and investment cooperation between Vietnam and India is on a fast track. In addition to the traditional areas of cooperation, the two countries are also developing new fields such as technology and digital economy. Vietnamese Deputy Prime Minister Trinh Dinh Dung spoke at the Vietnam-India Business Forum held in Hanoi on November 19 India is now one of Vietnam’s 10 largest trading partners. Two-way trade has increased over the years since the two countries established a strategic partnership, reaching US$7.63 billion in 2017, and US$8.3 billion in the first nine months of 2018. The two countries are working towards a goal of US$15 billion in bilateral trade. By September 2018, India poured US$877 million into 201 investment projects in Vietnam, ranking 29th among the 129 countries and territories investing in the country. Most of the projects focus on the manufacturing and processing industry, telecommunications, information technology and mining. … [Read more...] about India, Vietnam welcome new areas of cooperation
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Vietnam, India aim for US$15 billion bilateral trade volume by 2020
The two-way trade revenue between Vietnam and India is on course to increase and is expected to hit US$15 billion by 2020, heard the Vietnam India Business Forum, held in Hanoi, on November 19. Vietnamese and Indian speakers at the forum Entitled "Building stronger ties for economic integration", the forum witnessed the participation of Indian President Ram Nath Kovind, Vietnamese Deputy Prime Minister Trinh Dinh Dung, and hundreds of Indian and Vietnamese enterprises. The event held four sectorial sessions, including "Agri, Agro-processing, agro chemicals, food and food processing and food products", “Healthcare and Pharmaceuticals”, “Power, Energy, Renewable Energy, Oil & Gas, Infrastructure" and “Service – Information Technology, Communications, Education, Aviation and Tourism”. Nguyen Quoc Toan, Acting Director General of Agro Processing and Market Development Department, under the Ministry of Agriculture and Rural Development, … [Read more...] about Vietnam, India aim for US$15 billion bilateral trade volume by 2020
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 … [Read more...] about Vietnam-India Business Forum opens up new cooperation opportunities
Creating new impetus for VN-India relations
PM Nguyen Xuan Phuc meets Indian President Nath Kovind in India during the Vietnamese PM's visit to India to attend the ASEAN-India Commemorative Summit and the 69th anniversary of the Republic Day, January 24, 2018 - Photo: VGP/Quang Hieu Indian President Nath Kovind and his spouse will pay a State visit to Viet Nam from November 18-20 at the invitation of State President Nguyen Phu Trong. The two countries set up strategic partnership in 2007 and elevated the bilateral ties to comprehensive strategic partnership in September 2016, reflecting the broad development, trust, and effective ties in preparation for the 45th anniversary of diplomatic ties and the 10th anniversary of strategic partnership in 2017. In 2018 only, two Vietnamese senior leaders paid visits to India including PM Nguyen Xuan Phuc’s visit to India to attend the ASEAN-India Commemorative Summit and the 69th anniversary of the … [Read more...] about Creating new impetus for VN-India relations
Vietnam enhances its role as responsible member of ASEAN
The 33rd ASEAN Summit and related meetings are underway in Singapore where leaders of ASEAN countries and partners will compare notes on regional and global issues affecting the prosperity of each nation and ASEAN as a whole. Leaders of the 10 ASEAN members and ASEAN’s 8 dialogue partners are attending the 33rd ASEAN Summit and related meetings, the final activities of the ASEAN Year in Singapore. The related meetings include ASEAN+3 ( with China, Japan, and the Republic of Korea), the East Asia Summit (EAS), the ASEAN meeting with China, South Korea, Japan, the US, India, Australia, and Russia, and the 2nd Regional Comprehensive Economic Partnership (RCEP) meeting. The 33rd ASEAN Summit and related meetings are taking place at a moment when many regional and global developments are confronting the regional bloc. Vietnamese Deputy Foreign Minister Le Hoai Trung said, “ASEAN and other regional organizations are facing great challenges across the globe. … [Read more...] about Vietnam enhances its role as responsible member of ASEAN