Vietnam, Indian state seek cooperation opportunities
The Trade Office of the Vietnamese Embassy in India in coordination with the Federation of Indian Chambers of Commerce and Industry (FICCI) and authorities of India’s Kerala state organised a trade exchange programme on March 9.
Vietnamese Ambassador Nguyen Thanh Hai (Photo: VNA)
New Delhi (VNA) – The Trade Office of theVietnamese Embassy in India in coordination with the Federation of IndianChambers of Commerce and Industry (FICCI) and authorities of India’s Keralastate organised a trade exchange programme on March 9.
Speaking at the event, Chairman of the FICCI Kerala State CouncilM. I. Sahadulla reviewed the trade ties between Vietnam and India since 1972when they established diplomatic ties.
He highlighted similarities between Vietnam andKerala in pepper, cashew nut and fishery production, and suggested the twosides cooperate in IT, education and health care.
Ambassador Nguyen Thanh Hai affirmed that commerce isone of the five pillars in the bilateral comprehensive strategic partnership, withtwo-way trade exceeding 15 billion USD for the first time last year, meeting the target set by their leaders, making India one of the eight leading trade partners ofVietnam.
However, the figure has yet to match potential and expectations of both sides, the diplomat said, adding that India makes up only around 2%of Vietnam’s total trade value, while Vietnam accounts for some 1.5% of India’s.
Vietnamese localities and the Indian state share a lotof similarities and are reciprocal in many sectors, especially agriculture,fishery and IT, he noted.
Do Quoc Hung, deputy head of the Vietnamese Ministryof Industry and Trade (MoIT)'s Department of Asia-Africa Markets, said Vietnamand Kerala have various cooperation opportunities in navigation and otherspheres thanks to their similar climate conditions.
The MoIT and the Trade Office stand ready to helpbusinesses seek cooperation opportunities and address their concern,contributing to promoting trade between Vietnam and India and Kerala inparticular, he affirmed./.
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Vietnamese Ambassador Nguyen Thanh Hai (Photo: VNA) 
