Tag: India

During his meeting with Party General Secretary To Lam, billionaire Gautam Adani expressed his readiness to contribute to Vietnam’s development, particularly in areas of shared interest

India remaining one among the top five largest international tourism markets of Da Nang.

The bilateral trade turnover between Vietnam and India in 2024 hit approximately $15 billion, up 4.5% from 2023.

Stakeholders attending the “India-Vietnam Business Meeting" tell VET’s Quoc Phong about the potential of investing in Vietnam.

Analysts and businesses discussed taking bilateral trade and investment cooperation between the two countries to the next level at the “India-Vietnam Business Meeting” on September 28.

At the Horasis 2022 India Economic Cooperation Forum on September 26 in southern Binh Duong city in the province of the same name, Deputy Prime Minister Vu Duc Dam said that “through the Forum, we can jointly assess and carefully consider the impact of regional, inter-regional, and global issues with the prospects of recovery and comprehensive and sustainable development of Vietnam and India. In particular, we have a voice to strongly encourage the development of innovative solutions, going beyond the traditional way of thinking to achieve practical results in a context of the unpredictable.”

The President of the Indian Rice Exporters Association has said that the introduction of a tax on rice exports from September 9 will benefit rice suppliers in major food-growing countries such as Vietnam, Thailand, and Pakistan.

The Indian automotive industry is looking forward to active cooperation with Vietnam’s automotive sector, Mr Yuvraj Kapuria, Chairman - YBLF and Vice President - The Hi-Tech Gears Ltd, told VET.

The potential for trade between Vietnam and India is significant and may reach $15 billion this year. One bottleneck, however, is in transport, especially the absence of direct sea routes connecting the two countries. The newly-opened shipping line connecting central Vietnam with India and Bangladesh, operated by the Vietnam Maritime Corporation (VIMC), will resolve this problem.

On June 25 at the Da Nang Investment Forum 2022, Vietjet Air announced the opening of seven new international routes connecting the central city with Singapore, Busan in South Korea, and New Delhi, Mumbai, Hyderabad, Ahmedabad, and Bangalore in India. The routes will come into operation during the third quarter.

Consul General of India in Ho Chi Minh City, Dr. Madan Mohan Sethi, has handed over a medical support package including 100 tons of liquid oxygen and 300 oxygen generators from the Government of India to the Vietnamese Government. He also announced support for training courses for 200 doctors and nurses in the city and 300 doctors and nurses in other provinces in the south of Vietnam.

A Non-Disclosure Agreement on technology transfer, production, and distribution relating to the Nanocovax vaccine has been signed between India’s Vekaria Healthcare LLP and Vietnam’s Nanogen Pharmaceutical Biotechnology JSC. This will be the basis for the two sides to discuss specific cooperation on the third phase trial of the expansion, production, and distribution of the vaccine on a large scale when it is licensed for use.

Covid-19 has negatively affected Vietnam’s dragon fruit exports to China. The Ministry of Industry and Trade will therefore support businesses to find partners and export the fruit to India and Pakistan - two markets of potential boasting cooperative relations with Vietnam.