Goods for export at Cai Lan port (Photo: VNA)Thuong noted that trade between the two countries reached11.43 billion USD in the first nine months of this year, a year on year rise ofover 16%, with Vietnam’s trade surplus of 6.13 billion USD, up 35%.
Bilateral cooperation in tourism and investment also grewwith the resumption and launch of direct air routes, he said, adding that AdaniGroup has committed to pouring 10 billion USD in Vietnam.
The official underlined that Vietnam and India can supplement each other in economicproduction. India is an important supplier of materials, while Vietnam has highdemand for materials in service of production and export. Currently, India is Vietnam’sleading provider of aquatic, garment and textile, leather and pharmaceuticalmaterials, he added.
The 1.4-billion-strong Indian market has diverse demands with various marketsegments - a good condition for Vietnamese exporters.
Illustrative image (Source: VNA)As part of the efforts to support Vietnamese firms to penetratethe market more deeply, the Vietnam Trade Office in India has organised online trade promotion activities, especially amid the COVID-19 pandemic, said theofficial.
The office has also connected many Vietnamese firms with their Indian peers andhelped deal with trade conflicts, while providing domestic businesses withtrade defence cases initiated by the Indian side, he said.
Thuong said that as Vietnam and India are celebrating the 50th anniversary of the diplomatic relations this year, the office has coordinated withrelevant agencies to organise 50 trade promotion activities, and sentbusinesses of both sides to international trade fairs in Vietnam and India./.
VNA
