Vietnam to Achieve $15 Billion Bilateral Trade with India by 2020

Vietnam is rising to prominence in Asia, as the country grows its bilateral trade partnership with India

After achieving a two-way commerce to the sum of $8.03 billion in 2013-14, Vietnam is seeking to further increase its cooperation and investments across key sectors with India.  The textiles, agriculture, pharmaceuticals, energy and oil & gas industries are among some of these key business areas.

 

During a meeting with the Indian delegation in Vietnam, Deputy Prime Minister Hoang Trung Hai “expressed confidence that both sides would be able to achieve the target of bilateral trade of $15 billion by 2020”.

 

Senior officials from the Ministries of Commerce, Textiles and the Department of Pharmaceuticals along with export promotion councils and businessmen accompanied the Commerce Secretary Rajeev Kher at the Indian delegation. The three day visit ends today.