Vietnam is an important partner of India's supply chain diversification strategy, according to the Chairman of India’s Electronics and Computer Software Export Promotion Council.
At the inaugural ASEAN-Gulf Cooperation Council-China summit held on May 27 in Kuala Lumpur, Prime Minister Pham Minh Chinh emphasized the need to focus cooperation on trade, investment and supply chain connectivity.
The cooperation documents inked on the occasion of Party General Secretary To Lam's Azerbaijan visit, during which the two sides agreed to adopt a Joint Statement establishing a strategic partnership.
The annual revenue of the industry in Vietnam expected to exceed $25 billion, with an annual value-added growth rate of 10-15% in the 2024-2030 period.