Vietnam, India Look to US$7 bln Trade Turnover
The Vietnam Chamber of Commerce and Industry (VCCI), the Indian Embassy in Vietnam, the Ministry of Industry and Trade (MoIT) jointly hosted an investment seminar themed India Calling 2011 to boost the bilateral economic and investment ties.
The seminar created a foundation for Vietnamese and Indian enterprises to better their linkages and promote their mutual understanding.
India pledged to create favorable condition for Vietnamese enterprises to partake in such fields as infrastructure and construction. In return, Vietnam promised to open doors for Indian players, even private corporations, to engage in such areas like finance, energy, education, construction, high-tech, machines, and equipment.
The two sides vowed to speed up investment inflows to meet respective potentials and strength.
Deputy Minister of Industry and Trade Le Duong Quang said Vietnam hopes to cement the multifaceted ties with India, which is one of its most important strategic partners in South Asia in particular and in Asia in general.
Indian Ambassador to Viet Nam Ranjit Rae said he believed that the target of US $7 billion in the two countries’ trade turnover would be within reach in 2015 once the India-ASEAN Free Trade Agreement comes into effect and joint endeavors would be enhanced.
Two-way trade turnover was estimated at around US $3 billion in the first ten months of 2011, up over 40% against the same period last year.
Source: VGP
Vietnamese
