October 31, 2020 19:55 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Vietnam, India discuss to promote bilateral trade in post-pandemic period on teleconference

09:06 | 30/04/2020

A  teleconference held on April 28 discussed on Vietnamese and Indian governments making strive to adapt to the new situation and challenges for bilaterally sustainable trade development after the COVID-19 pandemic brought under control.

Vietnam, India treasure bilateral traditional relationship
Vietnam, India work toward two-way trade of 15 billion USD
Vietnam, India hold 16th Joint Committee’s meeting in Hanoi
vietnam india discuss to promote bilateral trade in post pandemic period on teleconference
Delegates attend the teleconference. (Photo: VNA)

VNA report said that the diplomat expressed his belief at a teleconference jointly held by India’s PHD Chamber of Commerce and Industry (PHDCCI), the Vietnamese Embassy in India and the Vietnam Trade Promotion Agency under the Vietnamese Ministry of Industry and Trade.

Trade between Vietnam and India would continue to grow strongly and sustainably after the COVID-19 pandemic is brought under control, Vietnamese Ambassador to India Pham Sanh Chau said on April 28.

Chau also recommended the Vietnamese and Indian governments make strive to adapt to the new situation and challenges.

Businesses also need to be creative in operation, and technocrats more flexible to promote trade and investment flows from both sides, the ambassador suggested.

He called for close cooperation between the two countries to reap more achievements in the economic and trade sectors as they have recorded in the fight against the COVID-19 pandemic.

According to Ajay Poddar, Chairman of the ASEAN, Oceania and East Asia Committee at the PHDCCI, with reciprocal sectors, Vietnam and India can cooperate effectively.

vietnam india discuss to promote bilateral trade in post pandemic period on teleconference
Vietnamese Ambassador to India Pham Sanh Chau (Photo: VNA)

Currently, Indian major firms have invested in energy, mining, sugar production, and IT in Vietnam, he said, stressing that the bilateral trade ties and other economic relations are likely to grow stronger in the time ahead.

Poddar described Vietnam as India’s window towards Southeast Asia, saying many Indian companies want clues or facilities supporting their operation in the region and Vietnam in particular.

He highlighted potential for cooperation in the service sector that makes up nearly 65% of India’s accumulative added value, and suggested the two countries join hands in the production of low-cost goods, health care, AI, agricultural food processing and scientific research.

Participating businesses called for support from Vietnamese and Indian relevant agencies, along with an open market for farm produce, removed trade barriers and simplified administrative procedures.

Vietnam, India to increase joint projects on Buddhism studies

The Tran Nhan Tong Institute of Buddhism (National University of Vietnam) recently had a meeting to discuss prospective of promoting the cooperation between Vietnam and ...

Vietnam, India hold 10th political consultation, 7th strategic dialogue

(VNF) – The 10th Foreign Office Consultations (FOC) and 7th Strategic Dialogue between India and Vietnam were held in New Delhi on April 9.

Vietnam, India share trust and common interests: President Quang

The long-standing traditional friendship between Vietnam and India has been strengthened and cemented within the Comprehensive Strategic Partnership since 2016, on the basis of trust ...

Tarah Nguyen