Vietnam, India Strive for Further Trade, Investment Cooperation

The Vietnam Chamber of Commerce and Industry (VCCI) and the Bharat Chamber of Commerce (BCC) of India August 13 co-organized a business seminar with the attendance of nearly 40 companies from the two sides, local media reported.

 

At the event which aims to strengthen bilateral trade and investment cooperation, VCCI

Vice Chairman, Hoang Van Dung called on India businesses, especially ones from Bengal, to further coordinate with Vietnamese partners in some fields like power, oil and gas, banking, insurance, agriculture, tourism and IT.

 

He also pledged that the VCCI is willing to create favorable conditions for Indian and Vietnamese enterprises to boost cooperation, aiming to raising bilateral trade to US$2 billion in the next two or three years from US$1.02 billion in 2006, accounting for 0.34 per cent of India’s total trade value.

 

Vietnamese business delegation will tour India in November to survey the market and attend India’s international trade fair under the national trade promotion program in 2007, said Tran Quang Huy, Vice Head of the Africa and Southwestern Asia Department under the Ministry of Industry and Trade (MoIT).