Vietnam, India see ample room for trade, investment cooperation: Forum

The event was jointly organised by the Indian consulate general in the city, the Indian Chamber of Commerce (ICC) and the municipal Investment and Trade Promotion Centre (ITPC).

Indian Ambassador to the country Pranay Verma said  bilateral trade and investment ties are not yet commensurate with the nations’ potential, and this is the perfect time to work on promoting cooperation toward better effectiveness, according to Vietnamese media reports.

As of February 2022, India ranked 25th out of 140 countries and territories investing in Vietnam with 315 valid projects worth more than $918 million, mostly in the processing industry, manufacturing, electricity production and distribution and mining.

On the other hand, Vietnam had nine investment projects, mainly wholesale and retail ones, in India, whose total value exceeded $6 million.

Fibre2Fashion News Desk (DS)