Home / Knowledge / News / Trade & economic ties set to increase with India
Trade & economic ties set to increase with India
27
Nov '08
The Indian President Ms Prathiba Patil is on a state visit to Vietnam. While addressing a business forum she said that India and Vietnam will continue to be superb trading partners. According to the President, opportunities between the two countries could be explored in areas of technology transfer, research and development and private-public investment in infrastructure development.

This is the second visit to the country by an Indian President since both the countries established their diplomatic ties in 1972. The main purpose of the visit is to increase the level of cooperation and expand the relationship across all sectors like economy, trade, investment, science and technology and culture.

At the Vietnam-India business forum held in HCM city she said close bi-lateral cooperation would go a long way in opening up new opportunities and strengthening the relationship between the business communities of the two countries and also expressed the hope that the ties would deepen further once the India-ASEAN free trade agreement was signed.

According to statistics, India has emerged as the biggest trading partner for Vietnamese exports to South Asia. Bi-lateral trade has increased from US $490 million in 2003 to touch $1 billion in 2006 and $1.5 billion in 2007. In the period January – September 2008, the two way trade has already crossed $2 billion with exports by Vietnam reaching $1.7 billion and imports from India achieving $308 million.

Vietnam exports handicraft, footwear, textiles and garments among a host of other products while imports cotton, pharmaceuticals, IT and medical equipment from India.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search