Vietnam-India trade turnover reaches nearly US$2.6 billion

The two-way trade turnover between Vietnam and India enjoys an annual increase of 20 percent to reach nearly US$2.6 billion in 2010, far exceeding the level of US$1 billion in 2006 and US$50 million in the mid-1980s.

This was announced by Huynh Thanh Lap, President of Ho Chi Minh City’s Vietnam-India Friendship Association at a meeting in commemoration of the 61st anniversary of the Republic Day of India, organised by the HCM City Union of Friendship Organisations on January 21.

When sharing the joy and optimism about the development of friendship and cooperation between the two countries, the Consul General of India in HCM City, Abhay Thakur, said the bilateral trade was expected to grow more quickly with the implementation of India-ASEAN Free Trade Agreement.

Lap emphasised that the agreement was signed in 2009, opening many economic cooperation opportunities between India and ASEAN countries, including Vietnam. In 2010, as ASEAN chair, Vietnam made a great effort to develop the cooperation in all fields, he noted. – VOV

Tags: Vietnam India trade

Posted by VBN on Jan 21 2011. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry